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Show printable version of '47 g/t Au over 4.0 metres at Kinkine, Kouroussa Go...' in a New Window


 Thu May 25, 2006
47 g/t Au over 4.0 metres at Kinkine, Kouroussa Gold Project, Guinea

 
Cassidy Gold Corp. (CDY:TSX-V) is pleased to announce results from ongoing reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Resource drilling continued at Kinkine, adding 11 RC holes totalling 1263 metres. RC drilling also targeted the 777 Zone at Manie. Highlights from Kinkine include 47.08 g/t Au over 4.0 metres in KRC910, 3.94 g/t Au over 18.0 metres and 2.96 g/t Au over 21.0 metres in KRC913, and 2.30 g/t Au over 31.0 metres in KRC919. True widths have not been calculated because mineralization is controlled in at least 2 orientations. Kinkine is located 4 kilometres north of Cassidy's Sanu Filanan deposit.

Kinkine Zone

The Kinkine Zone consists of near-surface, potentially open-pittable, oxide mineralization. Latest drilling suggests that a hard rock source of the oxide mineralization has been identified and further drilling is planned to test potential new controls to primary mineralization in addition to expanding near-surface mineralization. Mineralization remains open to the north and south and to the east.

5 RC holes were drilled on the 2 southern sections and 6 more on the 2 northern sections, tightening the drill spacing to 40 metres over an area 250 metres by 250 metres. These latest holes follow up on highly favourable results of 3 phases of drilling completed earlier this year (see Cassidy Gold Corp. News Releases - March 16, April 18, and April 27, 2006). An updated location map will be posted on www.cassidygold.com shortly.
Table 1         Kinkine Zone - RC Drill Results
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Hole ID  From (m)   To (m)  Length (m)  Au (g/t)
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KRC910      19.0     31.0        12.0      1.31
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 and        46.0     51.0         5.0      1.00
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 and        88.0     92.0         4.0     47.08
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 and       114.0    120.0         6.0      4.20
-----------------------------------------------
KRC911      24.0     27.0         3.0      1.05
-----------------------------------------------
 and        31.0     35.0         4.0      0.81
-----------------------------------------------
 and        54.0     57.0         3.0      8.08
-----------------------------------------------
 and       121.0    130.0         9.0      0.92
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KRC912      93.0     96.0         3.0      1.42
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 and        98.0    109.0        11.0      1.12
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KRC913      25.0     27.0         2.0      1.43
-----------------------------------------------
 and        54.0     59.0         5.0      0.70
-----------------------------------------------
 and        63.0     67.0         4.0      1.99
-----------------------------------------------
 and        73.0     75.0         2.0      1.52
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 and        79.0     97.0        18.0      3.94
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 and       105.0    126.0        21.0      2.96
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KRC914      75.0     77.0         2.0      3.63
-----------------------------------------------
KRC915       4.0      9.0         5.0      3.82
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 and        20.0     21.0         1.0      6.30
-----------------------------------------------
 and        88.0    101.0        13.0      0.73
-----------------------------------------------
KRC916      82.0     85.0         3.0      1.47
-----------------------------------------------
KRC917      14.0     22.0         8.0      1.99
-----------------------------------------------
 and        43.0     45.0         2.0      1.06
-----------------------------------------------
 and        56.0     73.0        17.0      0.97
-----------------------------------------------
KRC918       2.0     13.0        11.0      1.18
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KRC919      25.0     38.0        13.0      1.29
-----------------------------------------------
 and        45.0     76.0        31.0      2.30
-----------------------------------------------
 and        83.0     86.0         3.0      0.76
-----------------------------------------------
 and        89.0     91.0         2.0      2.91
-----------------------------------------------
KRC910 and KRC911 were completed on the southernmost section with KRC 885-887. KRC910 intersected 47.08 g/t Au over 4.0 metres and 4.20 g/t Au over 6.0 metres. Significantly, the hole was stopped at the end of the latter interval in bedrock due to excess water. KRC911 intersected 8.08 g/t Au over 3.0 metres, apparently up dip of the high-grade interval in KRC910. Lower grade intervals were intersected previously in KRC887 (1.10 g/t Au over 10.0 metres) and KRC886 (0.74 g/t Au over 9.0 metres and 0.98 g/t Au over 7 metres).

Forty metres to the northeast, KRC912 intersected 1.42 g/t Au over 3.0 metres and 1.12 g/t Au over 11 metres near the bottom of the hole, adjacent to KD-181 (2.20 g/t Au over 32.0 metres and 2.51 g/t Au over 37.0 metres). Stepping 40 metres to the southeast from KD-181, KRC913 intersected 3.94 g/t Au over 18.0 metres and 2.96 g/t Au over 21.0 metres over the bottom 47 metres of the hole. As in KRC910, drilling was stopped in mineralization in weakly oxidized bedrock due to excess water.

On the two northern sections, KRC915 intersected 3.82 g/t Au over 5.0 metres very close to surface and up dip of mineralized intervals in KD-183 (1.60 g/t Au over 6.0 metres) and KRC894 (1.16 g/t Au over 8.0 metres). A lower grade interval near the bottom of the hole, 0.73 g/t Au over 13.0 metres, corresponds to similar low-grade intervals is KRC899 and KRC900. KRC919 was drilled to the southwest from the eastern end of the section to test a more east-southeast trend to some artisanal workings. Two significant intervals, 1.29 g/t Au over 13.0 metres and 2.30 g/t Au over 31.0 metres may define an easterly trending zone of mineralization not well-defined by previous drilling oriented to the southeast. Follow up drilling is planned.

On the northernmost section, KRC917-919 define two zones of mineralization. An upper zone in KRC917 (1.99 g/t Au over 8.0 metres, lines up with intervals in KRC896 (0.82 g/t Au over 7.0 metres) and KRC916 (1.47 g/t Au over 3.0 metres). A deeper zone in KRC917 assaying 0.97 g/t Au over 17.0 metres, lines up with an interval at the top of KRC918 assaying 1.18 g/t Au over 11.0 metres. Mineralization is open to the north and northeast.

Manie - 777 Zone

A total of 9 RC holes totalling 1260 metres tested the 777 Zone at Manie, 4 kilometres northwest of Kinkine. The 777 Zone was identified during regional aircore drill testing of soil geochemical anomalies at Manie. Two aircore holes, KRAB774 and KRAB777, returned assays of 2.55 g/t Au over 24.0 metres and 2.99 g/t Au over 24.0 metres, respectively. RC drilling of the mineralized zone showed erratic distribution of grade over the portion of the zone tested (see Table 2), but clearly indicates the presence of strong gold mineralization in the zone. Further drilling is planned pending the results of detailed geological modelling.
Table 2     Manie (777 Zone) - RC Drill Results
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Hole ID  From (m)   To (m)  Length (m)  Au (g/t)
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KRC901     124.0    125.0         1.0      3.87
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KRC902       2.0      3.0         1.0      1.34
-----------------------------------------------
KRC903      66.0     68.0         2.0      2.46
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 and        73.0     76.0         3.0      0.81
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KRC905      15.0     16.0         1.0      1.09
-----------------------------------------------
 and        24.0     25.0         1.0      4.14
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 and        31.0     34.0         3.0      1.02
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 and        40.0     41.0         1.0     11.00
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 and        41.0     45.0         4.0      2.86
-----------------------------------------------
 and       114.0    117.0         3.0      1.15
-----------------------------------------------
KRC906       1.0      6.0         5.0      0.53
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 and        32.0     37.0         5.0      0.61
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 and        58.0     60.0         2.0      1.44
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KRC907       4.0      7.0         3.0      1.04
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 and        79.0     80.0         1.0     13.80
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KRC908      28.0     29.0         1.0      3.05
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 and        62.0     66.0         4.0      1.44
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KRC909      16.0     20.0         4.0      0.63
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 and        69.0     71.0         2.0      4.68
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Exploration Update

RC drilling continues to be focussed on building gold resources in zones of prospective mineralization identified in aircore drilling. Currently, resource drilling has moved to Sanu Folo and KD-1. Further drilling described above is planned at Kinkine. The aircore rig continues to drill geochemical and geophysical anomalies at in the Dalaoule and Banjounani areas in the northwest quadrant of the property. Soil geochemical surveys are continuing northeast of Dalaoule.

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 subsample. 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 Nick Hewson of RSG Global 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

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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You can view the Next News Releases item: Wed May 31, 2006, Junction Zone Results and New Permit, Kouroussa Gold Project, Guinea

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