| | Publié le 19 mars 2008 | Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Project, Guinea |
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Mar 19, 2008: News Releases: Cassidy Gold Hits 42m of 4.87 g/t
Au at Junction Z... (more...)
Dec 04, 2007: News Releases: Drilling
Resumes at Cassidy Gold's Kouroussa Proje... (more...)
Nov 27, 2007: Presentations: October
2007 Presentation (more...)
Nov 08, 2007: News Releases: Indicated
Resources Increase 38% at Cassidy Gold's... (more...)
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Wednesday, March 19, 2008
Cassidy Gold Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Project, Guinea
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Cassidy Gold Corp. (CDY:TSX-V) is pleased to
announce results from reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa.
Drilling is focused on the Junction, Bag Farm and Ridge zones in Sodyanfe area. This release reports the initial 48
holes (5198m) of the 88 holes (9488m) completed as of March 16th. Highlights
include 4.87 g/t Au over 42.0 metres in KRC1432 and 2.52 g/t Au over
20.0 metres
in KRC1430 at Junction, and 1.03 g/t Au over 27.0 metres in
KRC1458 at the Ridge zone. True thicknesses are estimated to be 90-95%
of reported intervals for Junction and Bag Farm but are not known for the
Ridge zone. These results show the continuity of potentially economic
mineralization over a 1.5
kilometre strike length, extending to at least 75 metres depth.
Junction Zone
Of the 21 holes drilled on Junction, 11 tested the mineralized zone 25-40 metres down dip of
previous drilling (see Cassidy Gold News Release -- July 31, 2007), and 10
tested identified splays off the Junction fault structure, adjacent to the
Junction zone. Highlights are presented in Table 1. KRC1429 -- 1436 and
1441 -- 1443 were very successful in extending Junction to depth and at
elevated grades compared to previous holes in the area. KRC1445 -- 1450
discovered a sub parallel zone of mineralization, less than 200 metres east of
Junction.
Table 1 Junction Zone
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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KRC1429
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57.0
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75.0
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18.0
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2.52
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KRC1430
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6.0
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11.0
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5.0
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0.53
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and
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51.0
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52.0
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1.0
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4.76
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and
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56.0
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76.0
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20.0
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2.52
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KRC1431
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10.0
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15.0
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5.0
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0.57
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and
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47.0
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48.0
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1.0
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1.27
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and
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52.0
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56.0
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4.0
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1.30
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and
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61.0
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85.0
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24.0
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1.39
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KRC1432
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55.0
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97.0
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42.0
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4.87
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and
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102.0
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109.0
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7.0
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0.75
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KRC1433
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63.0
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65.0
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2.0
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0.77
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and
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70.0
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92.0
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22.0
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1.45
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KRC1434
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9.0
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13.0
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4.0
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0.66
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and
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72.0
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82.0
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10.0
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0.95
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and
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86.0
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95.0
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9.0
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2.26
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KRC1435
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90.0
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104.0
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14.0
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1.72
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KRC1436
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100.0
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116.0
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16.0
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0.79
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KRC1441
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110.0
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121.0
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11.0
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1.03
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KRC1442
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111.0
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120.0
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9.0
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0.65
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KRC1445
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6.0
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23.0
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17.0
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1.01
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KRC1446
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68.0
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77.0
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9.0
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0.51
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KRC1447
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22.0
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34.0
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12.0
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0.76
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KRC1450
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21.0
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27.0
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6.0
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0.91
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Mineralization is located close to surface, hosted in fine-grained Birimian sedimentary rocks immediately above a mafic volcanic unit. Mineralization occurs in stacked
lenses striking northeast southwest and dipping moderately to the
southeast. Updated location maps will be posted on www.cassidygold.com
shortly.
The Junction deposit consists of near surface, potentially open-pittable, mainly oxide mineralization. In October 2007,
Coffey Mining (formerly RSG Global Consulting), estimated an Indicated
Resource of 22,000
ounces of gold in 658,000 tonnes grading 1.1 g/t Au
and an additional Inferred Resource of 49,000 ounces in
1,377,000 tonnes also grading 1.1 g/t Au.
Bag Farm Zone
Eighteen holes were drilled on 6 sections spaced at 40 metres between the
Junction Zone to the north and the Bag Farm Zone to the south. One hole,
KRC1444, tested the eastern side of the southern Bag Farm. Results confirm
that Bag Farm mineralization extends to, and is likely continuous with, the
Junction zone. However, Junction is more uniform and predictable than Bag
Farm and the latter's orientation is more northerly.
Table 2 Bag Farm Zone
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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KRC1411
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1.0
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9.0
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8.0
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0.68
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and
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100.0
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103.0
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3.0
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2.75
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KRC1412
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6.0
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13.0
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7.0
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1.36
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KRC1413
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2.0
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3.0
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1.0
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2.21
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and
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71.0
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75.0
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4.0
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0.56
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KRC1414
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32.0
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36.0
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4.0
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0.56
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and
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45.0
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48.0
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3.0
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1.14
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KRC1415
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8.0
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10.0
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2.0
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0.82
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KRC1416
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9.0
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13.0
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4.0
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0.63
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KRC1417
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8.0
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10.0
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2.0
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0.71
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and
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27.0
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30.0
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3.0
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0.93
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KRC1418
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44.0
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45.0
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1.0
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3.48
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KRC1419
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67.0
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69.0
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2.0
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1.08
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and
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83.0
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84.0
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1.0
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1.05
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KRC1420
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25.0
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27.0
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2.0
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0.84
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and
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31.0
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40.0
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9.0
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1.11
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and
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80.0
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82.0
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2.0
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0.70
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KRC1421
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5.0
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18.0
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13.0
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0.68
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and
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34.0
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36.0
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2.0
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1.08
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and
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41.0
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44.0
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3.0
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1.03
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and
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73.0
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76.0
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3.0
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1.01
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KRC1423
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14.0
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17.0
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3.0
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0.71
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and
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33.0
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44.0
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11.0
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0.68
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KRC1424
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62.0
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66.0
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4.0
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1.45
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KRC1425
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42.0
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49.0
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7.0
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0.65
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KRC1426
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1.0
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13.0
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12.0
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0.99
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and
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23.0
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30.0
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7.0
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1.22
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and
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35.0
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41.0
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6.0
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1.25
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KRC1427
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9.0
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16.0
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7.0
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0.53
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KRC1428
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6.0
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17.0
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11.0
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0.87
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KRC1444
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128.0
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129.0
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1.0
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1.36
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The Bag Farm deposit consists of near surface, potentially open-pittable, mainly oxide mineralization. In October 2007,
Coffey Mining estimated an indicated resource of 9,000 ounces of
gold in 292,000 tonnes grading 0.9 g/t Au and an additional inferred
resource of 7,000
ounces in 151,000 tonnes grading 1.5 g/t Au.
Ridge Zone
Seven holes were drilled along a prominent north-trending ridge at Sodyanfe, dubbed the Ridge Zone based on earlier
favourable results. These holes were drilled to allow more complete
modelling of the mineralization along the ridge. Preliminary examination of
the results suggests that structural controls may be related to the
southwest-trending Junction Fault rather than the north-trending ridge
structure. Six holes on 2 sections have just been completed to test the
projected Junction Fault at the Ridge zone.
Table 3 Ridge Zone
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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KRC1452
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29.0
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31.0
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2.0
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2.27
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and
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85.0
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88.0
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3.0
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1.03
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and
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94.0
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101.0
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7.0
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0.63
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KRC1454
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4.0
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9.0
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5.0
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0.78
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and
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31.0
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34.0
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3.0
|
1.20
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and
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49.0
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52.0
|
3.0
|
4.07
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KRC1458
|
5.0
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9.0
|
4.0
|
0.60
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and
|
14.0
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17.0
|
3.0
|
0.75
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and
|
24.0
|
51.0
|
27.0
|
1.03
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and
|
56.0
|
68.0
|
12.0
|
0.69
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Exploration Program
One RC drill continues to drill out the Sodyanfe
area deposits. Since drilling resumed in November 2007 after the wet
season, 88 drill holes have been completed totalling 9488 metres. Drilling
is currently proceeding at the Sidafa Hill
target, 1.5 km
northeast of Junction.
Sampling and Assay Procedures
RC drill samples were collected from the cyclone and split using a 1 in 8 riffle splitter
down to approximately 2.5kg in size. All samples were sent to the SGS
analytical laboratory in Siguiri, Guinea
for further sample preparation and fire assay using a 50-gram sub sample. Along
with SGS internal quality control procedures, external field duplicates,
blanks and certified standards are undertaken over 5% of all sampling. Quality
control/quality assurance is closely monitored by Coffey Mining personnel.
Personnel
Supervising Geologist Daniel Wilson of Coffey Mining 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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EXPLORATEUR |
CODE : CDX.V |
ISIN : CA1479092043 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cassidy Gold est une société d’exploration minière d'or basée au Canada. Cassidy Gold détient divers projets d'exploration en Guinee. Ses principaux projets en exploration sont NASSILE au Niger et KOUROUSSA en Guinee. Cassidy Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,9 millions (4,3 millions US$, 4,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 09 janvier 2004 à 1,40 , et son plus bas niveau récent le 04 mars 2016 à 0,01 . Cassidy Gold possède 47 442 200 actions en circulation. |
Dans les médias de VanEck Vectors Global Alternative Energy ETF |
Rapports annuels de VanEck Vectors Global Alternative Energy ETF |
Financements de VanEck Vectors Global Alternative Energy ETF |
Projets de VanEck Vectors Global Alternative Energy ETF |
28/06/2011 | (Kouroussa)Acquires Exploitation Permit for Kouroussa Gold Project, Gui... |
08/07/2010 | (Nassile)Vests 51% Interest |
12/05/2010 | (Nassile)Discovers Gold Zones |
17/02/2010 | (Nassile)Completes Drill Program |
22/12/2009 | (Nassile)Commences Drill Program at Nassile Gold Project, Niger |
18/02/2009 | (Kouroussa)Initial Scoping Results for Cassidy Gold's Kouroussa Gold Pr... |
25/07/2008 | (Kouroussa)Embarks on Scoping Study for Kouroussa Gold Project, Guinea |
20/06/2008 | (Kouroussa)22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Projec... |
13/06/2008 | (Kouroussa)16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Gu... |
19/03/2008 | (Kouroussa)Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Pro... |
04/12/2007 | (Kouroussa)Drilling Resumes at Cassidy Gold's Kouroussa Project |
08/11/2007 | (Kouroussa)Indicated Resources Increase 38% at Cassidy Gold's Kouroussa... |
05/09/2007 | (Kouroussa)Hits 64.06 g/t Au over 9.0m at Sanu Filanan, Kouroussa Gold ... |
14/08/2007 | (Kouroussa)9.97 g/t Au over 6 metres at JJ Vein, Kouroussa Gold Project... |
31/07/2007 | (Kouroussa)Adds 400m of Strike to Junction Zone, Kouroussa Gold Project... |
25/07/2007 | (Kouroussa)Intersects 11.51 g/t Au over 9m, Sanu Filanan Extension, Kou... |
19/07/2007 | (Kouroussa)41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Proj... |
17/07/2007 | (Kouroussa)Extending JJ Deposit at Kouroussa Gold Project, Guinea |
10/07/2007 | Intersects 22.6 g/t Au over 4m at Kinkine Zone, Kouroussa Go... |
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Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF |
Publication de commentaires terminée |
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