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Cours Or & Argent

Cassidy Gold Corp.

Publié le 19 juillet 2007

41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Project, Guinea

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Jul 19, 2007: News Releases: 41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa... (more...)

Jul 17, 2007: News Releases: Extending JJ Deposit at Kouroussa Gold Project, Gu... (more...)

Jul 10, 2007: News Releases: Cassidy Gold Intersects 22.6 g/t Au over 4m at Kin... (more...)

Jul 05, 2007: News Releases: Cassidy Terminates Contact Financial Agreement (more...)







  Thursday, July 19, 2007
41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Project, Guinea


 


Cassidy Gold Corp. (CDY:TSX-V) is pleased to announce results from ongoing reverse circulation (RC) on its 100%-owned Kouroussa Project, located in Guinea, West Africa. A series of 37 RC holes totalling 3616 metres continued to expand mineralization at the KD-1 Zone. Drilling has now linked the KD-1 deposit and Northern Plateau zone (now KD-1 Extension), with a combined strike length of almost 1200 metres. Highlights include 41.66 g/t Au over 7.0 metres in KRC1309, 4.81 g/t Au over 16.0 metres in KRC1175, and 5.25 g/t Au over 12.0 metres in KRC1252. True thicknesses are approximately 65% of the reported sample lengths, except for KRC1100 to KRC1103 where true thicknesses are unknown.

KD-1 Zone

Thirteen RC holes were drilled at the north and south ends of the KD-1 resource model to improve the interpretation and extend the mineralization. At the south end, KRC1251 and KRC1252 intersected 5.89 g/t Au over 5.0 metres and 5.25 g/t Au over 12.0 metres, respectively, down dip of previously identified mineralization. KRC1280 intersected 4.48 g/t Au over 2.0 metres 40 metres south of the resource model. At the north end, KRC1193 intersected 2.34 g/t Au over 18.0 metres, starting only 5 metres downhole, in an area where mineralization was thought to be weakening. KRC1202 and KRC1203 both extended mineralization down dip in the northern part of the resource area.

Table 1 KD-1 Zone (South) -- RC Drill Assay Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1100

39.0

41.0

2.0

1.47

KRC1101

5.0

24.0

19.0

0.69

and

52.0

53.0

1.0

7.60

and

97.0

100.0

3.0

2.04

and

112.0

119.0

7.0

1.00

KRC1170

0.0

1.0

1.0

2.00

KRC1171

27.0

28.0

1.0

1.11

KRC1182

112.0

113.0

1.0

5.79

KRC1193

7.0

25.0

18.0

2.34

KRC1202

30.0

31.0

1.0

1.69

and

90.0

93.0

3.0

1.23

and

100.0

101.0

1.0

1.39

KRC1203

81.0

84.0

3.0

2.12

and

91.0

92.0

1.0

0.96

and

123.0

124.0

1.0

0.65

and

127.0

130.0

3.0

0.55

KRC1251

8.0

10.0

2.0

1.07

and

114.0

119.0

5.0

5.89

and

124.0

125.0

1.0

1.36

KRC1252

83.0

88.0

5.0

1.34

and

112.0

124.0

12.0

5.25

and

134.0

135.0

1.0

1.38

KRC1280

47.0

49.0

2.0

4.48


The KD-1 Extension, formerly called the Northern Plateau, has been extended southeastward to link up with KD-1, and to the northwest where mineralization remains open in the direction of the north end of the Sanu Filanan Extension. Immediately north of KD-1, mineralization remains quite weak with intervals such as 0.83 g/t Au over 4.0 metres in KRC1261 and 0.87 g/t Au over 6.0 metres in KRC1259. 150 metres northwest of the KD-1 resource, KRC1176 intersected 1.07 g/t Au over 7.0 metres. Forty metres along strike, KRC1175 intersected 4.81 g/t Au over 16.0 metres and 40 metres further northwest KRC1173 intersected 1.63 g/t Au over 9.0 metres.

Table 2 KD-1 Zone (Northern Plateau) -- RC Drill Assay Results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1172

55.0

57.0

2.0

1.88

KRC1173

98.0

107.0

9.0

1.63

KRC1174

30.0

31.0

1.0

1.23

and

58.0

61.0

3.0

1.19

KRC1175

23.0

39.0

16.0

4.81

KRC1176

30.0

37.0

7.0

1.08

KRC1177

105.0

108.0

3.0

1.38

KRC1178

37.0

39.0

2.0

1.77

KRC1179

75.0

76.0

1.0

1.11

KRC1180

47.0

48.0

1.0

1.39

KRC1181

19.0

20.0

1.0

2.18

KRC1259

78.0

84.0

6.0

0.87

KRC1261

59.0

63.0

4.0

0.83

KRC1264

25.0

42.0

17.0

1.39

and

54.0

55.0

1.0

1.19

and

62.0

64.0

2.0

0.61

KRC1266

48.0

49.0

1.0

1.39

and

73.0

75.0

2.0

0.85

and

80.0

84.0

4.0

2.81

KRC1267

24.0

25.0

1.0

2.90

KRC1268

29.0

32.0

3.0

0.67

and

60.0

63.0

3.0

1.81

KRC1309

57.0

64.0

7.0

41.66

and

83.0

87.0

4.0

7.92

KRC1310

54.0

57.0

3.0

0.91


At the north end of the KD-1 Extension, KRC1264 intersected 1.38 g/t Au over 17.0 metres while KRC1266 followed up with 2.81 g/t Au over 4.0 metres on the same section. Forty metres to the northwest, KRC1309 intersected 41.66 g/t Au over 7.0 metres and 7.92 g/t Au over 4.0 metres. KRC1310 is the northernmost hole on KD-1 Extension. More drilling is planned in this area in an attempt to expand mineralization.

All the current drill intersections occur outside existing resource blocks. Mineralization is open along strike and to depth. An updated drill hole location map will be posted at www.cassidygold.com shortly.

KD-1 Zone is a northwest-trending zone of quartz veining and silicification in the Koekoe resource area, 250 metres northeast of JJ and Sanu Folo, and 650 metres northeast of Sanu Filanan. The latest resource estimate, completed by RSG Global Consulting in September 2006, tallied 18,000 ounces of gold of indicated resource in 254,000 tonnes grading 2.20 g/t Au and 24,000 ounces of inferred gold resource in 579,000 tonnes grading 1.30 g/t Au at a 0.7 g/t Au cut-off.

Exploration Program

Two drills continue on the Sanu Filanan structure to the northwest, and on the Sanu Filanan Extension. At Kinkine, a few RC holes will be extended with diamond tails to test mineralization to a depth of around 200 metres. The current phase of drilling is expected to be completed by the end of July. Resource modelling is planned for August and an updated resource estimate can be expected in September.

Sampling and Assay Procedures

RC drill samples were collected from the cyclone and split or pipe sampled to 1 kilogram size. All samples were sent to the SGS analytical laboratory in Siguiri, Guinea for fire assay using a 50-gram sub sample. Samples assaying greater than 5 g/t gold are reassayed using a metallics screen technique. Repeat assays are made on every 25th sample, and duplicates and blanks are submitted, one each in every 20 samples. Quality control/quality assurance is closely monitored by RSG Global personnel.

Personnel

Project Manager Brad Ackroyd of RSG Global Consulting heads the exploration team in Guinea. 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.

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 61,3 millions CA$ (44,8 millions US$, 41,1 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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Dans les médias de Cassidy Gold Corp.
31/03/2006Corporate profile
Rapports annuels de Cassidy Gold Corp.
2007 Annual Report
Financements de Cassidy Gold Corp.
16/11/2009Announces Property Option and Private Placement
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28/06/2011(Kouroussa)Acquires Exploitation Permit for Kouroussa Gold Project, Gui...
08/07/2010(Nassile)Vests 51% Interest
12/05/2010(Nassile)Discovers Gold Zones
17/02/2010(Nassile)Completes Drill Program
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18/02/2009(Kouroussa)Initial Scoping Results for Cassidy Gold's Kouroussa Gold Pr...
25/07/2008(Kouroussa)Embarks on Scoping Study for Kouroussa Gold Project, Guinea
20/06/2008(Kouroussa)22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Projec...
13/06/2008(Kouroussa)16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Gu...
19/03/2008(Kouroussa)Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Pro...
04/12/2007(Kouroussa)Drilling Resumes at Cassidy Gold's Kouroussa Project
08/11/2007(Kouroussa)Indicated Resources Increase 38% at Cassidy Gold's Kouroussa...
05/09/2007(Kouroussa)Hits 64.06 g/t Au over 9.0m at Sanu Filanan, Kouroussa Gold ...
14/08/2007(Kouroussa)9.97 g/t Au over 6 metres at JJ Vein, Kouroussa Gold Project...
31/07/2007(Kouroussa)Adds 400m of Strike to Junction Zone, Kouroussa Gold Project...
25/07/2007(Kouroussa)Intersects 11.51 g/t Au over 9m, Sanu Filanan Extension, Kou...
19/07/2007(Kouroussa)41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Proj...
17/07/2007(Kouroussa)Extending JJ Deposit at Kouroussa Gold Project, Guinea
10/07/2007Intersects 22.6 g/t Au over 4m at Kinkine Zone, Kouroussa Go...
Communiqués de Presse de Cassidy Gold Corp.
12/01/2016CASSIDY GOLD CORP. ADOPTS FIXED STOCK OPTION PLAN
31/10/2014Cassidy Gold Corp. Closes C$6,109,400 Private Placement by A...
24/09/2009to Conduct IP Survey at Kouroussa Gold Project, Guinea
23/09/2009Effects 1 for 3 Share Consolidation
02/06/2009Proposes Financing and 1 for 3 Share Consolidation
26/06/2007Extends Sanu Filanan Deposit, Kouroussa Gold Project, Guinea
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