Cassidy Gold Corp.

Published : June 20th, 2008

22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Project, Guinea

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Jun 19, 2008: News Releases: 22.48 g/t Au over 15m at Sanu Filanan, Kouroussa G... (more...)

Jun 17, 2008: News Releases: Extending Junction Zone at Kouroussa Gold Project,...
(more...)

Jun 13, 2008: News Releases: 16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold P...
(more...)

Mar 19, 2008: News Releases: Cassidy Gold Hits 42m of 4.87 g/t Au at Junction Z...
(more...)




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Thursday, June 19, 2008
22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Project, Guinea


 



Cassidy Gold Corp. (CDY:TSX-V) is pleased to announce results from reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Infill drilling at the Sanu Filanan deposit totals 2,027 metres in 16 RC holes so far in 2008. Highlights include 22.48 g/t Au over 15.0 metres in KRC1510, 13.31 g/t Au over 5.0 metres in KRC1511, 10.06 g/t Au over 7.0 metres in KRC1512, and 10.19 g/t Au over 10.0 metres in KRC1529. True widths are approximately 70% of reported intervals.

Sanu Filanan Deposit

Drill holes targeted gaps in the Sanu Filanan block model, with 2 to 4 holes aligned along four sections across the main Sanu Filanan structure. To the northwest, KRC1512, KRC1513, and KRC1529 constitute a fence of holes with each hole intersecting the deposit at increasing depths; to 105 metres below surface (see Table 1). Eighty metres along strike to the southeast, KRC1514 intersected the zone at a depth of 73 metres. Another 200 to 300 metres further southeast, KRC1508 to KRC1511, KRC1522, KRC1530, and KRC1531 tested the west side of the Sanu Filanan structure highlighted by 22.48 g/t Au over 15.0 metres beginning at 9 metres depth in KRC1510. Three hundred metres west of the main Sanu Filanan structure, KRC1537 intersected 1.24 g/t Au over 7.0 metres.

Table 1 Sanu Filanan Deposit

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1508

72.0

79.0

7.0

0.97

and

95.0

101.0

6.0

9.80

KRC1509

70.0

71.0

1.0

3.87

and

79.0

80.0

1.0

1.70

KRC1510

4.0

7.0

3.0

5.62

and

11.0

26.0

15.0

22.48

and

48.0

49.0

1.0

4.39

KRC1511

1.0

2.0

1.0

34.80

and

8.0

13.0

5.0

13.31

and

22.0

24.0

2.0

2.55

and

137.0

144.0

7.0

2.79

KRC1512

13.0

20.0

7.0

10.06

KRC1513

45.0

53.0

8.0

0.93

and

58.0

60.0

2.0

2.08

and

65.0

68.0

3.0

1.42

and

142.0

146.0

4.0

1.01

KRC1514

89.0

94.0

5.0

8.46

KRC1522

85.0

87.0

2.0

14.50

and

112.0

116.0

4.0

1.40

and

127.0

137.0

10.0

0.95

KRC1529

100.0

110.0

10.0

10.20

and

118.0

128.0

10.0

1.72

and

135.0

139.0

4.0

0.54

KRC1530

54.0

56.0

2.0

1.89

KRC1531

47.0

48.0

1.0

2.56

and

61.0

62.0

1.0

2.80

and

121.0

123.0

2.0

6.33

KRC1537

82.0

89.0

7.0

1.24


An updated location map will be posted on www.cassidygold.com shortly.

The Sanu Filanan deposit consists of near surface, potentially open-pittable, mainly oxide resource, outlined over a strike length of 900 metres. In October 2007, Coffey Mining estimated an Indicated Resource of 187,000 ounces of gold in 1,840,000 tonnes grading 3.2 g/t Au and an additional Inferred Resource of 242,000 ounces in 3,750,000 tonnes grading 2.0 g/t Au for Sanu Filanan, as part of the overall Indicated Resource of 466,000 ounces of gold contained in 6,736,000 tonnes grading 2.2 g/t Au and an Inferred Resource of 477,000 ounces of gold contained in 8,772,000 tonnes grading 1.7 g/t Au for the Kouroussa Project. An independent technical report describing the details of the resource study is posted at www.sedar.com.

Exploration Program

The latest phase of drilling commenced in late November 2007 and recently concluded with the onset of the rainy season in West Africa. The program comprised 14,899 metres in 138 RC holes covering 7 target areas. Drilling focused on extending the Junction deposit in the Sodyanfe area, connecting it with the Bag Farm zone. Drilling also tested the nearby Siadafa and Ridge prospects to the northeast and west, respectively. Resource drilling continued on three deposits in the Koekoe area: Sanu Filanan, JJ Vein, and KD-1.

Cassidy plans to review the resource picture and scoping scale studies for the Kouroussa Project.

Sampling and Assay Procedures

RC drill samples were collected from the cyclone and split using a 1 in 8 riffle splitter down to approximately 2.5kg in size. All samples were sent to the SGS analytical laboratory in Siguiri, Guinea for further sample preparation and fire assay using a 50-gram sub sample. Along with SGS internal quality control procedures, external field duplicates, blanks and certified standards are undertaken over 5% of all sampling. Quality control/quality assurance is closely monitored by Coffey Mining personnel.

Christopher J. Wild, P.Eng, VP Exploration for Cassidy Gold Corp, is the Qualified Person for this release.

On behalf of the Board of Directors
Cassidy Gold Corp.
James T. Gillis
James T. Gillis, President & CEO

For further information please contact: Jim Gillis, President -- Phone: 250-372-8222 or Fax: 250-828-2269
This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at SEDAR-CDY
If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list, please contact us at cassidygold@telus.net

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

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� 2006 Cassidy Gold Corp. All Rights Reserved.

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Cassidy Gold Corp.

EXPLORATION STAGE
CODE : CDX.V
ISIN : CA1479092043
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Cassidy Gold is a gold exploration company based in Canada.

Cassidy Gold holds various exploration projects in Guinea.

Its main exploration properties are NASSILE in Niger and KOUROUSSA in Guinea.

Cassidy Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 61.3 millions as of today (US$ 44.8 millions, € 41.1 millions).

Its stock quote reached its highest recent level on January 09, 2004 at CA$ 1.40, and its lowest recent point on March 04, 2016 at CA$ 0.01.

Cassidy Gold has 490 089 984 shares outstanding.

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In the News and Medias of Cassidy Gold Corp.
3/31/2006Corporate profile
Annual reports of Cassidy Gold Corp.
2007 Annual Report
Financings of Cassidy Gold Corp.
11/16/2009Announces Property Option and Private Placement
Project news of Cassidy Gold Corp.
6/28/2011(Kouroussa)Acquires Exploitation Permit for Kouroussa Gold Project, Gui...
7/8/2010(Nassile)Vests 51% Interest
5/12/2010(Nassile)Discovers Gold Zones
2/17/2010(Nassile)Completes Drill Program
12/22/2009(Nassile)Commences Drill Program at Nassile Gold Project, Niger
2/18/2009(Kouroussa)Initial Scoping Results for Cassidy Gold's Kouroussa Gold Pr...
7/25/2008(Kouroussa)Embarks on Scoping Study for Kouroussa Gold Project, Guinea
6/20/2008(Kouroussa)22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Projec...
6/13/2008(Kouroussa)16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Gu...
3/19/2008(Kouroussa)Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Pro...
12/4/2007(Kouroussa)Drilling Resumes at Cassidy Gold's Kouroussa Project
11/8/2007(Kouroussa)Indicated Resources Increase 38% at Cassidy Gold's Kouroussa...
9/5/2007(Kouroussa)Hits 64.06 g/t Au over 9.0m at Sanu Filanan, Kouroussa Gold ...
8/14/2007(Kouroussa)9.97 g/t Au over 6 metres at JJ Vein, Kouroussa Gold Project...
7/31/2007(Kouroussa)Adds 400m of Strike to Junction Zone, Kouroussa Gold Project...
7/25/2007(Kouroussa)Intersects 11.51 g/t Au over 9m, Sanu Filanan Extension, Kou...
7/19/2007(Kouroussa)41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Proj...
7/17/2007(Kouroussa)Extending JJ Deposit at Kouroussa Gold Project, Guinea
7/10/2007Intersects 22.6 g/t Au over 4m at Kinkine Zone, Kouroussa Go...
Corporate news of Cassidy Gold Corp.
1/12/2016CASSIDY GOLD CORP. ADOPTS FIXED STOCK OPTION PLAN
10/31/2014Cassidy Gold Corp. Closes C$6,109,400 Private Placement by A...
9/24/2009to Conduct IP Survey at Kouroussa Gold Project, Guinea
9/23/2009Effects 1 for 3 Share Consolidation
6/2/2009Proposes Financing and 1 for 3 Share Consolidation
6/26/2007Extends Sanu Filanan Deposit, Kouroussa Gold Project, Guinea
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