New Silver Mine in Nevada

Today Cypress Development Corp. (CYP) announced the results of a surface magnetometer survey and the assay results of surface samples collected on its Twenty-One silver-gold property located in Mineral County, west central Nevada. Cypress Development Corp. is a diversified precious and base metals exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.


The assay results show that quartz veins contain very high grade precious metal mineralization, particularly silver and gold. Sampling of quartz vein material from historic workings returned silver assay values from 203 to 2100 g/t of silver (67.7 oz/t) and the high silver values are accompanied by gold values of 3.4 g/t of gold.

Discovery of a new area of mineralized outcrop has been made; outcropping, iron and manganese oxide stained limestone located over 750 metres NNW of the vein area returned 17 g/t silver along with strong lead, zinc and manganese values

Cypress Development plans to commence a drill program in April.

The property covers the contiguous ENE extension of silver and gold mineralization mined at the Mindora deposit. The Mindora deposit is reported to have over 1 million ounces of silver and gold based on shallow drilling done in the 1980's. The Mindora deposit is based on drilling done in the 1980's no drilling has ever occurred on the Twenty-One property.

Gold and silver assay results for the surface samples collected at the Twenty-One property in January showed very high grade silver assays (up to 2100 g/t Ag and gold values (up to 3.4 g/t Au), from surface samples of exposed quartz veins and from dump material in an area containing a series of historic pits and trenches in the south central portion of the property.

To find out more about Cypress Development Corp. you can access their website at www.cypressdevelopmentcorp.com.

There Are Many Ways to Invest in Silver

This post is for people who want to invest in silver but do not know how, or they know of some systems but are new to others.  Most everyone knows that you can just buy physical silver.  You can buy old coins.  Silver coins: quarters. dimes, halves, silver dollars minted before 1965 contain 90% silver. Kennedy halves minted between 1965 and 1970 are 40% silver, and the Ike silver dollars are 40% silver.  There are a few years during WWII that nickels contained 35% silver.  It is easy to calculate the silver value or melt value, but what is easier is to go to a website called Coinflation.com and use their handy calculator.  Just make sure that the silver spot value is correct.  Usually it is but sometimes on weekends and holidays it is not updated.

You can also buy silver currency from other countries.  Be careful because the actual content is not always marked. There is a good book (I do not have it in front of me) that you can look up uncommon foreign coins.  Common foreign coins that are 1 oz of .999 silver (just like the US silver eagle) are Canadian Maple Leaves, Australian Kookaburras, and Chinese Pandas.  Beware that there are a lot of fake Pandas on the market. 

Another way of collecting pure (.999 silver) is to buy rounds and bars from private mints.  There are quite a few mints out there, and you will pay spot price plus a premium.  The premium can vary between mints or dealers, and often the more you buy the lower the premium per ounce.  You can check the spot price at the top right hand corner of this site.

Like I said above you can buy from dealers, but unless you are a dealer you will pay tax on your purchase.  You can also get deals on Ebay.com. Be very careful with Ebay, read the listing carefully and if you decide it is legit and if you want to try to win it, decide on a top price before you bid and do not go above it.  The excitement of winning an auction can suck you in and cause you to bid over what you planned.

There are several other ways to invest in silver and I will get to the one by one, posted seperately.

A Very Good Reason To Hold Silver and Gold

Federal Deficit in the Danger Zone - Kiplinger.com
As federal spending continues to rise, a crushing mountain of debt looms.
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Better stock up on silver now!

Is it Sterling?

The most common questions asked by a seller when I am buying scrap silver:

Is it Sterling?
Is my silver Sterling or silver plated?
What is the difference between Sterling silver and silver plate?

Most Sterling made in the US is marked either Sterling, .925, or 925/1000. If your silver was made in the US and does not have one of these three marks, most likely it is silver plated.

Sterling produced in Great Britain usually have makers marks such as a lion crest or dragon crest. I will have to look up some photos of these makers marks to post.