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Cassidy Gold Corp.

Publié le 13 juin 2008

16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Guinea

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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...)

Jan 31, 2008: Financials: Financial Statements for the 3 Month Period Ended ...
(more...)

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




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Friday, June 13, 2008
16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Guinea


 



Cassidy Gold Corp. (CDY:TSX-V) is pleased to announce additional results from reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Infill drilling at the KD-1 and JJ deposits total 1,068 metres in 12 RC holes and 1,494 metres in 13 holes, respectively, so far in 2008. Highlights include 16.83 g/t Au over 24.0 metres in KRC1515 and 1.42 g/t Au over 26.0 metres in KRC1533 at JJ, and 1.31 g/t Au over 17.0 metres in KRC1528 at KD-1. True widths are approximately 70% of reported intervals.

JJ Vein Deposit

Nine drill holes targeted mineralization discovered in July 2007, 100 metres north of the JJ Vein and 150 metres west of KD-1. KRC1515 intersected 16.83 g/t Au over 24.0 metres and KRC1533 intersected 1.41 g/t Au over 26.0 metres 40 metres further southeast. Four holes tested the west side of JJ including KRC1540, which intersected 0.74 g/t Au over 8.0 metres and 3.24 g/t Au over 4.0 metres at the junction of the JJ Vein and the Sanu Folo structure. Table 1 lists new significant intervals from the JJ deposit. An updated location map will be posted on www.cassidygold.com shortly.

Table 1 JJ Vein Deposit

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1515

12.0

15.0

3.0

2.53

and

46.0

70.0

24.0

16.83

and

74.0

80.0

6.0

2.21

and

89.0

94.0

5.0

0.85

KRC1516

122.0

124.0

2.0

1.40

and

137.0

140.0

3.0

0.95

and

152.0

158.0

6.0

0.54

KRC1518

72.0

76.0

4.0

0.77

and

138.0

141.0

3.0

1.57

KRC1519

19.0

20.0

1.0

1.70

and

51.0

53.0

2.0

1.61

KRC1520

57.0

58.0

1.0

1.97

KRC1532

8.0

10.0

2.0

0.71

KRC1533

34.0

36.0

2.0

0.57

and

40.0

42.0

2.0

1.22

and

57.0

83.0

26.0

1.42

KRC1534

83.0

84.0

1.0

3.06

KRC1539

23.0

26.0

3.0

2.87

KRC1540

114.0

122.0

8.0

0.74

and

129.0

133.0

4.0

3.24

KRC1544

65.0

66.0

1.0

1.49



The JJ Vein deposit consists of near surface, potentially open-pittable, mainly oxide resource, outlined over a strike length of 800 metres. In October 2007, Coffey Mining estimated an Indicated Resource of 44,000 ounces of gold in 446,000 tonnes grading 3.0 g/t Au and an additional Inferred Resource of 20,000 ounces in 334,000 tonnes grading 1.9 g/t Au for JJ, 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.

KD-1 Deposit

Eight drill holes were completed along the east side of the KD-1 structure to better define near-surface resources and to explore for parallel zones in the immediate footwall. KRC1524 to KRC1528 and KRC1542 to KRC1543 all intersected near surface mineralization and KRC1528 (1.31 g/t Au over 17.0 metres) and KRC1543 (1.11 g/t Au over 10.0 metres) intersected a mineralized trend that remains open to the northwest. KD-1 demonstrates the potential for several parallel lodes within the larger structure. Table 2 lists new significant intervals from the KD-1 deposit.

Table 2 KD-1 Deposit

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1524

10.0

14.0

4.0

1.36

KRC1525

3.0

8.0

5.0

0.55

and

18.0

22.0

4.0

0.98

and

67.0

69.0

2.0

0.68

KRC1526

4.0

9.0

5.0

1.05

and

13.0

17.0

4.0

4.74

KRC1527

35.0

37.0

2.0

0.70

KRC1528

5.0

6.0

1.0

1.56

and

30.0

32.0

2.0

0.64

and

42.0

59.0

17.0

1.31

and

96.0

101.0

5.0

1.58

KRC1542

-

2.0

2.0

1.96

and

7.0

15.0

8.0

0.71

and

24.0

25.0

1.0

1.11

KRC1543

10.0

13.0

3.0

0.70

and

22.0

24.0

2.0

0.89

and

29.0

34.0

5.0

1.09

and

38.0

39.0

1.0

1.00

and

56.0

66.0

10.0

1.11



The KD-1 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 45,000 ounces of gold in 712,000 tonnes grading 1.9 g/t Au and an additional Inferred Resource of 45,000 ounces in 1,226,000 tonnes grading 1.5 g/t Au for KD-1, 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.

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 RSG Global 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.

EXPLORATEUR
CODE : CDX.V
ISIN : CA1479092043
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Cassidy Gold est une société d’exploration minière d'or basée au Canada.

Cassidy Gold détient divers projets d'exploration en Guinee.

Ses principaux projets en exploration sont NASSILE au Niger et KOUROUSSA en Guinee.

Cassidy Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 63,7 millions CA$ (46,5 millions US$, 43,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 09 janvier 2004 à 1,40 CA$, et son plus bas niveau récent le 04 mars 2016 à 0,01 CA$.

Cassidy Gold possède 490 089 984 actions en circulation.

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