| | Published : July 17th, 2007 | Extending JJ Deposit at Kouroussa Gold Project, Guinea |
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Jul 17, 2007: News Releases: Extending JJ
Deposit at Kouroussa Gold Project, Gu... (more...)
Jul 10, 2007: News Releases: Cassidy
Gold Intersects 22.6 g/t Au over 4m at Kin... (more...)
Jul 05, 2007: News Releases: Cassidy
Terminates Contact Financial Agreement (more...)
Jul 03, 2007: News Releases: Cassidy
Gold Corp. accepts director's resignation (more...)
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Tuesday, July 17, 2007
Extending JJ Deposit at Kouroussa Gold Project, Guinea
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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. Thirty-one
RC holes totalling 2771 metres stepped out along strike on the JJ Vein
structure to the southeast and to the northwest. Highlights include 5.33
g/t Au over 5.0 metres in KRC1196 and 3.15 g/t Au over 8.0 metres in
KRC1200. True widths are approximately 90% of drilled widths.
Thirteen drill holes stepped out 275 metres to the southeast, following up
on previous favourable results (see Cassidy Gold Corp News Release,
February 6, 2007). KRC1200 intersected 3.15 g/t Au over 8.0 metres
immediately south of the resource model. Mineralization appears to be
displaced 25 metres to the northeast, 100 metres southeast of KRC1200,
reappearing in KRC1270 with 4.96 g/t Au over 3.0 metres. Sixty metres
further southeast, KRC1196 and KRC1197 intersected 5.33 g/t Au over 5.0
metres and 2.37 g/t Au over 5.0 metres, respectively, before weakening in
KRC1198 and KC1199, another 40 and 80 metres to the southeast.
Table 1 JJ Vein South
Hole ID
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From (m)
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To (m)
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Length (m)
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Au (g/t)
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KRC1195
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5.0
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6.0
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1.0
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2.83
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KRC1196
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7.0
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12.0
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5.0
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5.33
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KRC1197
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32.0
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37.0
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5.0
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2.37
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KRC1198
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25.0
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27.0
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2.0
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0.62
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KRC1199
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0.0
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1.0
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1.0
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1.07
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KRC1200
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42.0
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50.0
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8.0
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3.15
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KRC1270
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10.0
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12.0
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2.0
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0.93
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KRC1270
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19.0
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22.0
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3.0
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4.96
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KRC1270
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55.0
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56.0
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1.0
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2.48
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KRC1271
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6.0
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7.0
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1.0
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1.19
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KRC1340
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66.0
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68.0
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2.0
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1.54
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Mineralization associated with the JJ structure continues to the northwest
but is generally quite thin and erratic. Locally, grades are strong up to
100 metres northwest of the resource model. KRC1207 intersected 10.85 g/t
Au over 2.0 metres, 60 metres to the north and KRC1209 intersected 70.0 g/t
Au over 1.0 metres possibly related to the Sanu Folo structure. Further to
the northwest, KRC1273 intersected 1.08 g/t Au over 5.0 metres near the top
of the hole, suggesting that the zone bends or branches toward the west,
parallel with Sanu Folo.
Table 2 JJ Vein North
Hole ID
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From (m)
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To (m)
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Length (m)
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Au (g/t)
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KRC1204
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59.0
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60.0
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1.0
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2.62
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KRC1206
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28.0
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29.0
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1.0
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4.76
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KRC1206
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90.0
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91.0
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1.0
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4.62
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KRC1207
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22.0
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23.0
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1.0
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1.04
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KRC1207
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84.0
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86.0
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2.0
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10.85
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KRC1208
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18.0
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21.0
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3.0
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0.71
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KRC1208
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92.0
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93.0
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1.0
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1.53
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KRC1209
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4.0
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5.0
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1.0
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70.00
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KRC1210
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12.0
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13.0
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1.0
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1.15
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KRC1210
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37.0
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38.0
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1.0
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4.48
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KRC1211
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38.0
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39.0
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1.0
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1.78
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KRC1212
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-
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5.0
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5.0
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0.80
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KRC1212
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26.0
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27.0
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1.0
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2.26
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KRC1272
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40.0
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43.0
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3.0
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0.79
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KRC1273
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1.0
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6.0
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5.0
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1.08
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KRC1274
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5.0
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6.0
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1.0
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2.65
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In the latest resource calculation, completed by RSG Global in September
2006, the JJ Deposit included 29,000 ounces of indicated resource in
188,000 tonnes grading 4.9 g/t Au and 20,000 ounces of inferred resource in
194,000 tonnes grading 3.2 g/t Au.
Results for the KD-1 prospect, 250 metres northeast of JJ Vein, are
currently being compiled. Updated location maps will be posted on
www.cassidygold.com shortly.
Planned Exploration
Drilling continues on the Sanu Filanan structure to the northwest, and on
the Sanu Filanan Extension. At Kinkine, a few RC holes will be extended
with diamond tails to test mineralization to a depth of around 200 metres.
The current phase of drilling is expected to be completed by the end of
July. Resource modelling is planned for August and an updated resource
estimate can be expected in September.
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
Senior Geologist Brad Ackroyd of RSG Global Consulting 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 & CEO
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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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : CDX.V |
ISIN : CA1479092043 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cassidy Gold is a gold exploration company based in Canada. Cassidy Gold holds various exploration projects in Guinea. Its main exploration properties are NASSILE in Niger and KOUROUSSA in Guinea. Cassidy Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 5.9 millions as of today (US$ 4.3 millions, € 4.0 millions). Its stock quote reached its highest recent level on January 09, 2004 at 1.40, and its lowest recent point on March 04, 2016 at 0.01. Cassidy Gold has 47 442 200 shares outstanding. |
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