Cassidy Gold Corp.

Published : December 04th, 2007

Drilling Resumes at Cassidy Gold's Kouroussa Project

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Dec 04, 2007: News Releases: Drilling Resumes at Cassidy Gold's Kouroussa Proje... (more...)

Nov 27, 2007: Presentations: October 2007 Presentation
(more...)

Nov 08, 2007: News Releases: Indicated Resources Increase 38% at Cassidy Gold's...
(more...)

Nov 01, 2007: Brochures: Cassidy Gold Corporate Brochure
(more...)





 

Tuesday, December 04, 2007
Drilling Resumes at Cassidy Gold's Kouroussa Project


 



Cassidy Gold Corp. (the "Company") is pleased to announce that drilling has resumed at the Company's 100% owned Kouroussa Gold Project in Guinea, West Africa. Initial drilling will focus on the Junction and Bag Farm Prospects on the Sodyanfe Trend. Twenty-one reverse circulation (RC) drill holes are planned along the Junction deposit, including down dip of known mineralization where grades may be increasing to depth. Eighteen holes are planned to link the Junction and Bag Farm zones, a distance of 300 metres.

At Junction, mineralization remains open to the northeast, to the southwest toward Bag Farm, and down dip. Further exploration will focus on targets further to the northeast toward Kinkine and southwest of Bag Farm. Unlike Koekoe and Kinkine, Sodyanfe is largely hosted in mudstones along the western flank of a series of mafic volcanic rocks known as the Niandan Chain. The north-trending X-Vein is hosted within pillowed flows. Exploration will also target the eastern flank of the Niandan volcanics. In the Koekoe area, drilling is planned on the north extensions of the JJ and KD-1 zones.

The recent resource estimate completed by Coffey Mining upgraded the Indicated Resources to 466,000 ounces of gold contained in 6,736,000 tonnes grading 2.2 g/t Au and the Inferred Resources to 477,000 ounces of gold contained in 8,772,000 tonnes grading 1.7 g/t Au. This represents an increase of 38% and 31%, in the Indicated and Inferred Resources respectively, over the September 2006 resource update. Increases were seen in the Sanu Filanan zone, KD-1 zone, JJ Vein, and Sanu Folo zone. Step out drilling also discovered a new deposit, the Sanu Filanan North. All five deposits have significant potential to increase with additional resource drilling.

Regionally, Spectrem Air Limited has been contracted to complete an airborne EM survey covering all the Kouroussa concessions. Primary regional targets include the Dalaoule/Banjounani Prospects to the northwest. Previous drilling has uncovered significant mineralization without a defined trend. Airborne EM is expected to assist in interpreting the structural controls and trends in this area. Other important targets include Manie, where previous drilling has also uncovered significant mineralization. Benegban and Karikarissa further north and northeast of Kouroussa host significant artisanal workings and soil geochemical anomalies. AEM will assist in more precise targeting on those sites.

Coffey Mining will once again be managing the exploration program on behalf of the Company. Christopher J. Wild, P.Eng, V.P. Exploration, is the Company's Qualified Person for this release. For more information, please visit the Company's website at www.cassidygold.com.

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.

 

 


 

 

 


 


© 2006 Cassidy Gold Corp. All Rights Reserved.

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$ 56.4 millions as of today (US$ 41.0 millions, € 38.2 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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