Well Hank, we can't let that misconception re CDY stand can we
50,000 oz....jeeezzzzz!!
Check out PG.....AUU
Anyone know of any "rare earth" co's other than AVL?
These numbers are up to April? 2006
2006-09-20 10:19 PT - News Release
Mr. James Gillis reports
CASSIDY GOLD CORP.: UPDATED RESOURCE STATEMENT FOR KOUROUSSA PROJECT
Cassidy Gold Corp. has received updated resource figures for its 100-per-cent-owned Kouroussa gold project in Guinea, West Africa. Resource drilling has begun to outline gold resources in five new zones: Kinkine, Bag Farm, Junction and X-Vein in the Sodyanfe area, and KD-1 in the Koekoe area. In addition, Cassidy has upgraded a significant portion of the previously inferred resource to an indicated classification.
The table below summarizes the indicated and inferred resources at Kouroussa estimated using a 0.7-gram-per-tonne-Au cut-off grade and a three-metre minimum horizontal thickness. Indicated resources total 337,000 ounces of gold predominantly hosted in Sanu Filanan (161,000 ounces) and Kinkine (89,000 ounces), with significant contributions from Sanu Folo, JJ, and KD-1 (63,000 ounces). Inferred resources total 364,000 ounces hosted mainly in Sanu Filanan (205,000 ounces). Significant inferred resources are present at Kinkine, Junction, KD-1, Sanu Folo and JJ. All the mineralized zones included in the resource statement remain open in at least two directions.
INDICATED AND INFERRED RESOURCES, KOUROUSSA PROJECT
(0.7 g/t Au cut-off)
Deposit Indicated Inferred
Tonnage Au g/t Au oz Tonnage Au g/t Au oz
Kinkine trend
Kinkine 1,486,000 1.90 89,000 722,000 1.50 35,000
Sodyanfe trend
Bag Farm 292,000 0.90 9,000 151,000 1.50 7,000
Junction 425,000 1.10 15,000 845,000 1.20 32,000
X-Vein - - - 245,000 2.40 19,000
Koekoe trend
Sanu Filanan 1,552,000 3.20 161,000 2,811,000 2.30 205,000
Sanu Folo 186,000 2.80 16,000 254,000 2.70 22,000
JJ 188,000 4.90 29,000 194,000 3.20 20,000
KD-1 254,000 2.20 18,000 579,000 1.30 24,000
Totals 4,383,000 2.40 337,000 5,801,000 1.97 364,000
RSG Global of Perth, Australia, validated and interpreted the data, constructed wire frames, completed 3-D block models and estimated resources for each of the mineralized zones using an ordinary krige technique. Resource estimates were prepared and reported in accordance with Canadian National Instrument 43-101 and the classifications adopted by CIM council in December, 2005.
The previous resource statement, completed in October, 2005, outlined an inferred resource of 433,000 ounces of gold in the Sanu Filanan, Sanu Folo and JJ deposits, based on 188 diamond drill holes and 668 shallow RC drill holes. Since that resource calculation, Cassidy completed 32,284 metres of reverse circulation drilling in 317 holes and 3,274 metres of diamond drilling in 25 holes. The vast majority of drill holes intersected mineralized zones above 150 m vertical depth, though not all are included in the resource due to insufficient continuity from section to section.
Cassidy is gearing up for the next phase of resource and exploratory drilling, to commence in early October. A program consisting of 30,000 metres of RC drilling, 5,000 metres of diamond drilling and 5,000 metres of aircore drilling will focus on extending the Kinkine, KD-1, and Sanu Folo deposits along strike and to depth, where appropriate. RC drilling will also target mineralization discovered toward the end of the last program at Dalaoule, Banjounani and Kinkine. RSG Global will once again be managing the exploration program on behalf of Cassidy.
Christopher J. Wild, PEng, vice-president of exploration, is the qualified person, and has reviewed results, sampling procedures and data contained in this release. |
