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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (5113)	10/8/2003 2:26:24 PM
From: Rocket Red	Read Replies (1) \| Respond to of 8273

CDY drilling to start Oct 15 on Gold Discovery Cassidy Makes Significant New Gold Discovery in Guinea -------------------------------------------------------------------------------- Cassidy Gold Corp. (CDY-TSX-V) is pleased to announce the discovery of two gold-bearing quartz vein systems on its Kouroussa Property in Guinea, West Africa. Cassidy has the right to earn a 100% interest, subject to a 15% state participation. Six large-diameter "HQ" diamond drillholes (Table 1), totalling 519 metres, tested three structural targets on the Koe Koe South zone. The veins discovered represent only two of many targets identified by reconnaissance work completed on the property to date. Prominent artisanal workings are found along a 500 metre linear, east-west trend interpreted to be the surface expression of the EW Vein. DDH KD-3 tested the EW Vein, intersecting 7.07 g Au/t over a true thickness of approximately 1.9 metres This vein appears to be subvertical and was intersected between 33.5 -- 36.5 metres downhole in saprolite. Three diamond drillholes, KD-4 to KD-6, tested the SW Vein, 250 to 550 metres south of the EW Vein. At surface, the SW Vein is marked by a northwest trending, 500-metre long trench up to 5 metres deep and 20 metres wide that was excavated by artisanal miners several centuries ago. DDH KD-4 tested the centre of the SW Vein trend, intersecting 16.87 g Au/t over an estimated true width of 8.0 metres. This vein appears to be steeply dipping to the southwest. Significantly, this intersection is hosted by mafic metavolcanic and metasedimentary rocks, apparently of Birimian age. Birimian lithologies host most of the major gold deposits of West Africa including Obuasi, Sadiola, and Siguiri. DDH KD-5 tested the SW Vein approximately 40 metres southeast of DDH KD-4, encountering an estimated true thickness of 3.52 metres grading 100.91 g Au/t, including a 0.69 metres true width interval that assayed 372.0 g Au/t, with check assays returning 416.2 g Au/t on the same pulp and 400.0 g Au/t Au on a second pulp. DDH KD-6 was collared 100 metres southeast of KD-5, and intersected a 3.24 metre true thickness of SW Vein that assayed 9.16 g Au/t, also hosted in saprolite. Diamond drillholes, KD-1 and KD-2, tested an area of extensive artisanal diggings approximately 500 metres northeast of the SW Vein. DDH KD-1 intersected 0.80 grams gold per tonne ("g Au/t") over 10.7 metres of laterite/saprolite material near the top of the drill hole. At depth, this hole encountered skarntype mineralization that assayed 0.84 g Au/t over a 23.25 metre interval that included 2.7 metres grading 3.67 g Au/t. DDH KD-2 intersected 0.20 g Au/t over a vertical distance of 10.7 metres, including 4.6 metres that assayed 0.32 g Au/t.