Cassidy Gold Corp.: 45m @ 2.58 g/t at Dalaoule, Kouroussa Gold Project, Guinea
KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - July 13, 2006) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from aircore drilling (AC) on its 100%-owned Kouroussa Project, located in Guinea, West Africa. Fences of short holes crossed several targets in the Dalaoule and Banjounani areas, 18 and 16 kilometres northwest of Sanu Filanan, respectively. Recently completed soil geochemical and airborne magnetics/radiometrics surveys identified several strongly anomalous targets in both areas. Drilling highlights include 5.04 g/t Au over 16.0 metres, 2.58 g/t Au over 45.0 metres, and 7.23 g/t Au over 16.0 metres at Dalaoule. True thicknesses are unknown due to the preliminary nature of the drilling.
Dalaoule Area
Aircore drilling tested an extensive zone of prospective geology interpreted from airborne magnetics coincident with anomalous Au-in-soils geochemistry. Ten fences of holes traversed a generally east-trending package of mafic volcanic and sedimentary rocks, in fault contact with granitic rocks along the western portion of the Tambiko permit. Fences were spaced from 150 to 500 metres apart, over a total distance of 2.7 kilometres. A total of 13,373 metres was drilled in 309 test holes. A drill hole location map will be posted at www.cassidygold.com shortly.
At the east end of the trend, KRAB1048 intersected an interval of 1.04 g/t Au over 26.0 metres, bottoming in mineralization and KRAB1050 intersected 0.44 g/t Au over 12.0 metres, immediately west of a significant abandoned artisanal mine site. To the west of the artisanal site, KRAB1036 intersected 1.22 g/t Au over 4.0 metres and KRAB1039 intersected 0.67 g/t Au over 8.0 metres. On strike, 300 metres to the west, KRAB1063 and KRAB1064 intersected 2.25 g/t Au over 4.0 metres and 0.91 g/t Au over 12.0 metres, respectively. KRAB1210 intersected 5.04 g/t Au over 16.0 metres approximately 1 kilometre west of KRAB1064, in sheared rocks at the contact between basalt and granitic units.
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