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Located 570 km east of the capital, Conakry, on a paved highway, the Kouroussa permit areas encompass 1066 km² of open, subdued Birimian terrane. Birimian rocks host virtually all the gold mines in West Africa.
Cassidy's aggressive exploration program is focused on two goals:
- Continue to build the gold resource at Kouroussa.
- Identify additional mineralized zones that can contribute to the gold resource in the near-term.
Exploration Strategy Goals
- Clearly demonstrate the potential of the project.
- Continue to discover new zones where we can begin to delineate resources.
- Continue to drill priority targets where we have a good chance of encountering potentially economic mineralization, with a combination of RC and diamond drilling.
- Continue to add to our resource base.
Approach: Balance short-term requirements with the long-term project goals:
- Develop an exploration plan and budget that clearly outlines our goals and a roadmap to achieve those goals.
- Think in terms of dollar cost per ounce delineated. Money will be spent where the return is greatest.
- Maintain flexibility at all times to optimize our success.
Effectively manage exploration dollars by directing resources into 4 main areas:
- STAGE 1: Grassroots Exploration: 10%
- STAGE 2: Identification of Priority Targets: 20%
- STAGE 3: Exploration of Priority Targets: 30%
- STAGE 4: Delineating Mineral Resources: 40%
These 4 stages of exploration form a continuum:
- Geochem Anomaly
- Discovery of the Mineralized Structure
- Definition of the Structure
- Delineation of a Potentially Mineable Resource
- Defining a Mineable Reserve
- Development and Production
STAGE 1: Grassroots Exploration
Grassroots exploration is necessary to fully assess the potential of Cassidy's exploration permits and prioritize areas for further work. It has the potential to identify priority targets with minimal investment. Grassroots exploration,including soil and termite mound geochemistry, has been successful in identifying new areas of potential mineralization.
STAGE 2: Identification of Priority Targets
Identifying priority targets involves upgrading geochemically anomalous areas or areas of artisanal workings with more detailed geochemistry, regolith mapping, structural interpretation (maps, photos), and shallow RC (or perhaps RAB) drilling.
STAGE 3: Exploration of Priority Targets
Exploring priority targets utilizes a mix of shallow RC (Kitbit), deeper RC and the occasional diamond drillhole. The time commitment for this stage is at least as great as the delineation stage but costs are somewhat lower.
STAGE 4: Delineating Mineral Resources
Delineating resources requires a mix of diamond and deep RC drilling and hence, requires a higher proportion of the budget.
General Information
Rainy Season
The West African rainy season, lasting from June through September makes travel and work difficult and costly, so exploration is customarily curtailed for this period.
Methodology and Quality Control
Quality control/quality assurance is closely monitored by RSG Global personnel.
Qualified Personnel
The exploration team in Guinea is headed by a Project Manager from Coffey Mining (formerly RSG Global), who is supported by Cassidy Gold Corporation's Qualified Person, Christopher J. Wild, P.Eng., V.P. Exploration.
Overview
The Kouroussa Project encompasses exploration on seven permit areas totaling 1066 km². Exploration going forward must maintain the momentum by:
- Continuing to expand the resource along the mineralized zones;
- Identifying additional zones within identified anomalous areas (e.g. Sodyanfe); and
- Identifying new anomalous or prospective areas to focus exploration.
The latter two goals will highlight the "blue sky" of the property.
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Concessions:
Total Permit Area: 1066 km²
1. Kouroussa Permit: 240 km²
2. Kouroussa South Permit Block 1: 86 km²
3. Kouroussa South Permit Block 2: 114 km²
4. Kouroussa North Permit: 161 km²
5. Kouroussa West Permit: 226 km²
6. Tambiko Mina Permit: 207 km²
7. Tambiko Mina Permit Block 2: 36 km²
Location:
570 km east of the capital Conakry, in the heart of the highlands of Guinea, West Africa. North of the small town of Kouroussa.
Landscape:
Open, subdued.
Geology:
The mineralized zones discovered on the property are hosted in mafic metavolcanic and metasedimentary rocks of Birimian age, the same lithology that is host to almost all gold deposits in West Africa.
Infrastructure:
Paved national highway through project; Nearby water source.
Project Timeline
Zones & Areas of Interest
Click on the zones for further information
KINKINE ZONE
| Stage: |
Delineating Mineral Resources (Stage 4) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. 5 km NE of the Sanu Filanan Zone. |
| Description: |
The presence of significant artisanal workings make Kinkine another medium to high-priority target. |
| Artisanal Workings: |
Significant artisanal workings. |
| Highlights: |
1.80 g/t Au over 8.0 m and 0.73 g/t Au over 28.0 m in KRAB265, 1.52 g/t Au over 7.0 m in KRC270 (hole stopped in mineralization), 8.08 g/t Au over 4.0 m in KRC315. Previous air core drill results included 1.03 g/t Au over 32.0 m in KRAB254 and 1.82 g/t Au over 23.0 m in KRAB255. |
| Drilling Update: |
An air core drill has completed several fences of holes across the Kinkine soil geochemical anomaly. As of January 15th, a total of 4327 m in 77 drill holes have tested an area of significant past artisanal mining activity. |
Soil Geochem
and Recent
Drilling: |
Kinkine Soil Geochem and Recent Drilling |
| Next Steps: |
Additional aircore drilling to define the extent of the zone. Further assess the resource potential of the zone. |
SANU FILANAN ZONE
| Stage: |
Delineating Mineral Resources (Stage 4) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. |
| Description: |
It's surface expression is a 500m long trench that has historically yielded substantial amounts of gold to artisanal miners for generations. |
| Highlights: |
Bonanza grades running as high as 100g/t Au over 3.5m. Other impressive, more representative values include 16.97 g/t Au over 8.0m, 5.92 g/t over 23.33m, and 6.21 g/t Au over 13.22m. Encouraging values have been encountered to a depth of at least 200m, demonstrating that this promising gold deposit is 'open' (continuous) at depth. |
| Soil Geochem: |
Regional Geochem |
| Drill Plan: |
Sanu Filanan Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Drilling Update: |
RC drilling underway. 38 holes totaling 6,484m have delineated a mineralized structure over a strike length of 800m, to a maximum depth of 200m. Probing the known lateral extent of this gold bearing system, both along the strongest linear expression and adjacent parallel structural trends. |
| Long Section: |
Sanu Filanan Long Section |
| Sections: |
Section L49900; Section L50300; Section L50500 |
| Next Steps: |
Resource drilling of the N Sanu Filanan. |
SANU FOLO ZONE
JJ ZONE
| Stage: |
Delineating Mineral Resources (Stage 4) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. 400m NE of the Sanu Filanan Vein. |
| Description: |
This structure is marked by a 300m long trench that has been worked by local miners for years. It is 'open' along its strike length and at depth. |
| Highlights: |
12.87 g/t Au over 4.2m and 21.57 g/t Au over 6.28m true width. XV007 encountered potentially economic grades near surface. |
| Soil Geochem: |
|
| Drill Plan: |
JJ Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Drilling Update: |
RC drilling underway. Several strong intersections in RC drilling south and north of the area outlined by diamond drilling clearly suggest that we can add ounces through a well-conceived drill plan. Drill tested along the length of the trench and consistently intersected high-grade gold values. |
| Long Section: |
JJ Long Section |
| Next Steps: |
Resource drilling of the JJ zone. |
KD-1 ZONE
| Stage: |
Priority Target - Exploration (Stage 3) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. Approximately 200-225m NE of the JJ Zone. |
| Description: |
A northwest-trending mineralized zone. |
| Highlights: |
KD001 (7.0 g/t Au over 2.4m and 3.67 g/t Au over 2.7m), KD043 (1.18 g/t Au over 4.4m), KD044 (2.33 g/t Au over 5.5m), and KD046 (7.0 g/t over 3.0m). |
| Drill Plan: |
KD-1 Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Drilling Update: |
RC drilling underway. |
| Next Steps: |
Drilling on the KD-1 targets to define mineralized zones discovered during the previous phase of drilling. Resource drilling of the KD-1 zone. |
X-VEIN ZONE
| Stage: |
Delineating Mineral Resources (Stage 4) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. 3.5km N of Sanu Filanan. |
| Description: |
A large soil sample anomaly covering an area of 1.75km x 800m, trending to the NE. The X-Vein is hosted by metabasalt. The vein is 1-2m wide. |
| Highlights: |
The X-Vein is of great interest with its higher grade abundant occurrence of primary gold mineralization. XV-01 (4.32 g/t Au over 7.8m), XV-03 (2.92 g/t Au over 2.0m), XV-04 (151.81 g/t Au over 2.0m), XV-07 (1.29 g/t Au over 29.0m). |
| Soil Geochem: |
X-Vein Soil Geochem; X-Vein Plan/ Soil Geochem |
| Drill Plan: |
X-Vein Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Drilling: |
Drilling on the zone has been completed. 972m diamond drilling in 6 holes. Inferred strike length of 650m. |
| Long Section: |
X-Vein Long Section |
Next Steps: |
Resource drilling of the X-Vein zone. RAB drilling is planned. |
JUNCTION ZONE
| Stage: |
Priority Target - Exploration (Stage 3) |
| Priority: |
Medium-High |
| Location: |
Kouroussa Permit Area. 400 m S of X-Vein and 2.5 km NW of the Sanu Filanan Zone. 1 km NE of the broadly mineralized Sodyanfe Zone. |
| Description: |
Discovered by a series of aircore drill holes testing a broad soil geochemical anomaly south of X-Vein. The main body of mineralization appears to strike toward the SW and dip moderately to the SW. |
| Highlights: |
2 RC holes, KRC757 & KRC758, scissored KRC748 (2.09 g/t Au over 71.0 m), intersecting 1.24 g/t Au over 24.0 m and 0.97 g/t Au over 23.0 m, respectively. Approximately 180 m along strike to the SW, a fence of 3 holes intersected a broad zone of mineralization including 33.0 m assaying 1.70 g/t in KRC759, 11.0 m at 1.20 g/t Au in KRC760, and 2 intervals of 5.0 m each assaying 1.80 and 1.17 g/t Au in KRC761. Several other mineralized intersections are noted outside this zone, including 30.21 g/t Au over 5.0 m in KRC752, 100 m to the W. |
| Drilling Update: |
RC drilling continues in the Junction Zone area. A total of 18 RC drill holes totalling 1606 m and 35 air core holes totalling 1608 m have been completed to-date on the Junction Zone. Aircore and RC drills are testing the potentially mineralized trend from Sidafa Hill SW to the Bag Farm Zone at Sodyanfe, a distance of approximately 3 km. |
Drill Plan
Overview: |
Dril Hole Locations and Significant Au Intercepts;DDH and RC Drill Cross Section |
| Next Steps: |
|
SODYANFE ZONE
| STAGE: |
Priority Target - Exploration (Stage 3) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. Approximately 3km NW of the Sanu Filanan Zone. |
| Description: |
The Sodyanfe Zones represent large, near-surface targets characterized by strongly anomalous soil geochemistry. Widespread artisanal workings and a strong soil geochemical anomaly make Sodyanfe a very high-priority target. Soil geochem data suggest a NW control to mineralization, parallel to Sanu Filanan and JJ Vein. This promising target is still 'open' and has not been explored at all at depth. Its aerial sample pattern suggests scope for considerable expansion. |
| Highlights: |
Sodyanfe Gold Zone Signifianct Gold Intercepts |
| |
KRC669 intersected 60m of 3.28 g/t Au 100m S of KRC380 (0.60 g/t Au over 66.0m). In another zone developing to the SE, KRC688 returned an interval of 24.0m assaying 0.83 g/t Au within a broad zone assaying 0.47 g/t Au over 116.0m. This mineralization is part of a broad, NW-trending zone of mineralization which includes mineralized intervals in KRC672, KRC673, KRC683, KRC684, and KRC685. Indicated strike length is 450m and remains open to the NW and SE. Three fences of shallow RC holes, completed in April and May 2005 highlighted the potential for multiple mineralized zones. Mineralized zones returned grades such as 0.60 g/t Au over 66.0m in KRC380, 2.51 g/t Au over 6.0m in KRC385, 2.42 g/t Au over 7.0m in KRC388, and 2.79 g/t Au over 6.0m in KRC393. Both KRC385 and KRC393 terminated in mineralization. |
| Soil Geochem: |
This gold-in-soil anomaly has been extensively sampled, returning an average grade of 0.49 g/t Au. Some grades run as high as 8.63 g/t Au. |
| Drill Plan: |
Sodyanfe Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Drilling Update: |
RC drilling underway to further define the mineralization. |
| Artisanal Workings: |
The Sodyanfe gold zone has been extensively worked at surface by artisanal miners. |
| Next Steps: |
Drilling on the Sodyanfe targets to define mineralized zones discovered during the previous phase of drilling. |
KOEKOE CREEK ZONE
| Stage: |
Priority Target - Identification (Stage 2) |
| Priority: |
Medium |
| Location: |
Kouroussa Permit Area. |
| Description: |
Lies along a creek bed known as the Koekoe River. |
| Drill Plan: |
Koekoe Creek Drill Plan;North Koekoe Drill Plan |
Drill Plan
Overview: |
Drill Plan Overview |
| Artisanal Workings: |
The full extent and antiquity of the artisanal mining in the Koekoe area has only recently been recognized, particularly with respect to the sheer quantities of material moved and area of cuirasse undermined. This has led to the conclusion that the Kouroussa concession has yielded substantial quantities of gold over a very long period. |
WESTERN LODE
| Stage: |
Priority Target - Exploration (Stage 3) |
| Priority: |
High |
| Location: |
Kouroussa Permit Area. |
| Next Steps: |
Drilling on the Western Lode targets to define mineralized zones discovered during the previous phase of drilling. |
MARIE ZONE
MANIE ANOMALY
| Stage: |
Priority Target - Identification (Stage 2) |
| Priority: |
The size and tenor of the anomaly makes Mani a rather high priority target. |
| Location: |
Kouroussa Permit Area. 5km N of the X-Vein. |
| Description: |
Soil geochem anomaly covers a broad NE trending zone 600x1000m, and open to the NE. |
| Highlights: |
Results of two phases of soil geochemistry have been compiled and show a strong structural control that will be tested with RC drilling. |
| Soil Geochem: |
Mani Soil Geochem |
| Drilling: |
Scheduled for drilling. |
| Next Steps: |
Trenching. RAB drilling and selective diamond drilling is planned. |
BANJOUNANI ANOMALY
| Stage: |
Priority Target - Identification (Stage 2) |
| Priority: |
Medium |
| Location: |
Tambiko Mina Permit Area. S of the Kouroussa River. |
| Soil Geochem: |
Hosts multiple soil geochem anomalies. Banjounani Soil Geochem |
| Next Steps: |
While some mapping has been done, a regolith mapping project is proposed for the area to assist in targeting. RAB drilling is planned. |
DALOULE ANOMALY
| Stage: |
Priority Target - Identification (Stage 2) |
| Priority: |
Medium |
| Location: |
Tambiko Mina Permit Area. N of the Kouroussa River. |
| Description: |
A pronounced but discontinuous E-NE soil geochem anomaly which has a subsidiary N trend, strongest in the centre. |
| Soil Geochem: |
Hosts multiple soil geochem anomalies. Dalaoule Soil Geochem |
| Next Steps: |
While some mapping has been done, a regolith mapping project is proposed for the area to assist in targeting. RAB drilling is planned. |
BENEGBAN ANOMALY
| Stage: |
Grassroots Exploration (Stage 1) |
| Priority: |
Medium |
| Location: |
Kouroussa Permit Area. |
| Description: |
Quartzite blocks in the hills SW of Benegban inspired some interest in the area early in the exploration cycle. |
| Soil Geochem: |
Regional soil geochemical surveys are planned for the W side of Benegban. |
| Next Steps: |
The presence of alluvial gold workings nearby makes this a logical location to do some widely spaced soil or termite mound geochemistry. RAB drilling and selective diamond drilling is planned. |
SIDAFA ANOMALY
| Stage: |
Priority Target - Identification (Stage 2) |
| Priority: |
Medium |
| Highlights: |
Prospecting in the Sidafa Hill area has turned up significant quartz veining in the vicinity of anomalous soil geochem. |
| Soil Geochem: |
|
| Next Steps: |
Regolith mapping is required here prior to drilling. |
KARIKARISSA AREA
| Stage: |
Grassroots Exploration (Stage 1) |
| Priority: |
High |
| Location: |
Kouroussa North Permit Area. |
| Highlights: |
A 1.5 kg nugget was recently discovered by artisanal miners. |
| Soil Geochem: |
Regional soil geochemical surveys are planned. |
| Next Steps: |
Regional soil geochemical surveys are planned. Widely spaced soil or termite mound geochemistry is proposed for the area surrounding and upstream from the spot where the nugget was discovered. |
Concessions
Kouroussa Permit: 240 km²
The Kouroussa property is host to numerous gold zones identified to date (e.g. Kinkine, Sanu Filanan, X-Vein, Manie, Sodyanfe, JJ, KD-1, Junction, Sanu Folo, Benegban, etc). It is located just north of the small city of Kouroussa, which provides a ready supply of labour and basic goods and services.
Kouroussa North Permit: 161 km²
A 1.5 kg nugget provided the impetus to acquire this exploration permit. Widely spaced soil or termite mound geochemistry is proposed for the area surrounding and upstream from the spot where the nugget was discovered.
Kouroussa South Permit Block 1: 86 km²
This property, contiguous to the south of the Company's Kouroussa Property, covers the projected strike extension of the Sanu Filanan Zone, where drilling continues to extend the near-surface gold resource along strike to the northwest and southeast. Some soil sampling has been completed south of the Niger River. Further work is recommended near the southwest corner of the permit area, which is relatively close to the Filon Bleu occurrence.
Kouroussa South Permit Block 2: 114 km²
This property is contiguous to the south of the Company's Tambiko Mina Property.
Kouroussa West Permit: 226 km²
This newly acquired property is contiguous to the west of the company's Tambiko Mina Property.
Tambiko Mina Permit: 207 km²
Cassidy controls 100% interest in the Tambiko Mina project area, which covers 207 km² along a 10 km wide geologically prospective 'corridor' adjoining the Kouroussa Property to the east, and south. Cassidy plans to conduct follow-up analysis of previously identified gold-in-soils anomalies, including artisanal workings, to prioritize potential drill targets.
Tambiko Mina Permit Block 2: 36 km²
This property is contiguous to the north of the Kouroussa South Block 1 Property and the the east of the Kouroussa Property.
Sanu Filanan - June 2008 |
JJ Vein and KD-1 - June 2008 |
Bag Farm & Junction
- June 2008 |
Junction
|
Sodyanfe
|
2008, 2007 & 2006 Mineral Resources |
Sanu Filanan and Sanu Filanan
Extension - September 2007 |
KD-1/JJ Vein
- Aug 2007 |
Sanu Filanan Extension
- July 2007 |
Junction Zone - July 2007 |
KD-1 - July 2007 |
JJ Vein - July 2007 |
Kinkine - July 2007 |
Sanu Filanan |
X-Vein - Sodyanfe -
Junction - Bagfarm |
Kinkine - Daouda |
Sanu Filanan - Sanu Folo -
JJ - KD-1 |
Ridge Zone & Junction Prospects |
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