Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Cassidy Gold Corp.

Publié le 19 mars 2008

Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Project, Guinea

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

 

 

 

 

 

News Releases

Stock Quote & Chart

Share Structure

Informational Materials

Events & Updates

Contact Investor Relations

Financial Statements

QwikReport

 


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

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...)





 

Wednesday, March 19, 2008
Cassidy Gold Hits 42m of 4.87 g/t Au at Junction Zone, 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. Drilling is focused on the Junction, Bag Farm and Ridge zones in Sodyanfe area. This release reports the initial 48 holes (5198m) of the 88 holes (9488m) completed as of March 16th. Highlights include 4.87 g/t Au over 42.0 metres in KRC1432 and 2.52 g/t Au over 20.0 metres in KRC1430 at Junction, and 1.03 g/t Au over 27.0 metres in KRC1458 at the Ridge zone. True thicknesses are estimated to be 90-95% of reported intervals for Junction and Bag Farm but are not known for the Ridge zone. These results show the continuity of potentially economic mineralization over a 1.5 kilometre strike length, extending to at least 75 metres depth.

Junction Zone

Of the 21 holes drilled on Junction, 11 tested the mineralized zone 25-40 metres down dip of previous drilling (see Cassidy Gold News Release -- July 31, 2007), and 10 tested identified splays off the Junction fault structure, adjacent to the Junction zone. Highlights are presented in Table 1. KRC1429 -- 1436 and 1441 -- 1443 were very successful in extending Junction to depth and at elevated grades compared to previous holes in the area. KRC1445 -- 1450 discovered a sub parallel zone of mineralization, less than 200 metres east of Junction.

Table 1 Junction Zone

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1429

57.0

75.0

18.0

2.52

KRC1430

6.0

11.0

5.0

0.53

and

51.0

52.0

1.0

4.76

and

56.0

76.0

20.0

2.52

KRC1431

10.0

15.0

5.0

0.57

and

47.0

48.0

1.0

1.27

and

52.0

56.0

4.0

1.30

and

61.0

85.0

24.0

1.39

KRC1432

55.0

97.0

42.0

4.87

and

102.0

109.0

7.0

0.75

KRC1433

63.0

65.0

2.0

0.77

and

70.0

92.0

22.0

1.45

KRC1434

9.0

13.0

4.0

0.66

and

72.0

82.0

10.0

0.95

and

86.0

95.0

9.0

2.26

KRC1435

90.0

104.0

14.0

1.72

KRC1436

100.0

116.0

16.0

0.79

KRC1441

110.0

121.0

11.0

1.03

KRC1442

111.0

120.0

9.0

0.65

KRC1445

6.0

23.0

17.0

1.01

KRC1446

68.0

77.0

9.0

0.51

KRC1447

22.0

34.0

12.0

0.76

KRC1450

21.0

27.0

6.0

0.91



Mineralization is located close to surface, hosted in fine-grained Birimian sedimentary rocks immediately above a mafic volcanic unit. Mineralization occurs in stacked lenses striking northeast southwest and dipping moderately to the southeast. Updated location maps will be posted on www.cassidygold.com shortly.

The Junction deposit consists of near surface, potentially open-pittable, mainly oxide mineralization. In October 2007, Coffey Mining (formerly RSG Global Consulting), estimated an Indicated Resource of 22,000 ounces of gold in 658,000 tonnes grading 1.1 g/t Au and an additional Inferred Resource of 49,000 ounces in 1,377,000 tonnes also grading 1.1 g/t Au.

Bag Farm Zone

Eighteen holes were drilled on 6 sections spaced at 40 metres between the Junction Zone to the north and the Bag Farm Zone to the south. One hole, KRC1444, tested the eastern side of the southern Bag Farm. Results confirm that Bag Farm mineralization extends to, and is likely continuous with, the Junction zone. However, Junction is more uniform and predictable than Bag Farm and the latter's orientation is more northerly.

Table 2 Bag Farm Zone

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1411

1.0

9.0

8.0

0.68

and

100.0

103.0

3.0

2.75

KRC1412

6.0

13.0

7.0

1.36

KRC1413

2.0

3.0

1.0

2.21

and

71.0

75.0

4.0

0.56

KRC1414

32.0

36.0

4.0

0.56

and

45.0

48.0

3.0

1.14

KRC1415

8.0

10.0

2.0

0.82

KRC1416

9.0

13.0

4.0

0.63

KRC1417

8.0

10.0

2.0

0.71

and

27.0

30.0

3.0

0.93

KRC1418

44.0

45.0

1.0

3.48

KRC1419

67.0

69.0

2.0

1.08

and

83.0

84.0

1.0

1.05

KRC1420

25.0

27.0

2.0

0.84

and

31.0

40.0

9.0

1.11

and

80.0

82.0

2.0

0.70

KRC1421

5.0

18.0

13.0

0.68

and

34.0

36.0

2.0

1.08

and

41.0

44.0

3.0

1.03

and

73.0

76.0

3.0

1.01

KRC1423

14.0

17.0

3.0

0.71

and

33.0

44.0

11.0

0.68

KRC1424

62.0

66.0

4.0

1.45

KRC1425

42.0

49.0

7.0

0.65

KRC1426

1.0

13.0

12.0

0.99

and

23.0

30.0

7.0

1.22

and

35.0

41.0

6.0

1.25

KRC1427

9.0

16.0

7.0

0.53

KRC1428

6.0

17.0

11.0

0.87

KRC1444

128.0

129.0

1.0

1.36



The Bag Farm deposit consists of near surface, potentially open-pittable, mainly oxide mineralization. In October 2007, Coffey Mining estimated an indicated resource of 9,000 ounces of gold in 292,000 tonnes grading 0.9 g/t Au and an additional inferred resource of 7,000 ounces in 151,000 tonnes grading 1.5 g/t Au.

Ridge Zone

Seven holes were drilled along a prominent north-trending ridge at Sodyanfe, dubbed the Ridge Zone based on earlier favourable results. These holes were drilled to allow more complete modelling of the mineralization along the ridge. Preliminary examination of the results suggests that structural controls may be related to the southwest-trending Junction Fault rather than the north-trending ridge structure. Six holes on 2 sections have just been completed to test the projected Junction Fault at the Ridge zone.

Table 3 Ridge Zone

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

KRC1452

29.0

31.0

2.0

2.27

and

85.0

88.0

3.0

1.03

and

94.0

101.0

7.0

0.63

KRC1454

4.0

9.0

5.0

0.78

and

31.0

34.0

3.0

1.20

and

49.0

52.0

3.0

4.07

KRC1458

5.0

9.0

4.0

0.60

and

14.0

17.0

3.0

0.75

and

24.0

51.0

27.0

1.03

and

56.0

68.0

12.0

0.69



Exploration Program

One RC drill continues to drill out the Sodyanfe area deposits. Since drilling resumed in November 2007 after the wet season, 88 drill holes have been completed totalling 9488 metres. Drilling is currently proceeding at the Sidafa Hill target, 1.5 km northeast of Junction.

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.

Personnel

Supervising Geologist Daniel Wilson of Coffey Mining 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.

 

 

 

 

 

 


 


© 2006 Cassidy Gold Corp. All Rights Reserved.

Cassidy Gold Corp.

EXPLORATEUR
CODE : CDX.V
ISIN : CA1479092043
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

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$, 41,9 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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
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
Projets de Cassidy Gold Corp.
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
22/12/2009(Nassile)Commences Drill Program at Nassile Gold Project, Niger
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
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (CDX.V)Other OTC (CSYGF)
0,125+0.00%0,040+0.00%
TSX-V
CA$ 0,125
26/04 15:36 -
0%
Cours préc. Ouverture
0,125 0,125
Bas haut
0,125 0,125
Année b/h Var. YTD
0,090 -  0,140 38,89%
52 sem. b/h var. 52 sem.
0,070 -  0,140 -%
Volume var. 1 mois
5 450 -10,71%
24hGold TrendPower© : 15
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 14/10/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,70 AU$-0,65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,26 US$+2,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-1,87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,64 CA$-1,86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,23 CA$+4,04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+4,26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,88 CA$+0,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,71 US$+0,19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :