KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - April 18, 2006) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from ongoing reverse circulation (RC) drilling on its 100%-owned Kouroussa Project, located in Guinea, West Africa. A series of 5 RC holes totalling 614 metres "scissored" previous RC holes on 2 sections 80 metres apart, across the Kinkine Zone. Kinkine is located 4 kilometres north of Cassidy's Sanu Filanan deposit. Highlights include 17.70 g/t Au over 14 metres in KRC861 and 16.70 g/t Au over 28 metres in KRC862.
Kinkine Zone
Kinkine was drilled by RC to follow-up on strong aircore drill results over an area of significant historical artisanal mining activity and coincident anomalous soil geochemistry. That program, described in Cassidy Gold Corp News Release dated March 16, 2006, included 2.68 g/t Au over 60 metres in KRC828 and 6.01 g/t Au over 7.0 metres and 2.40 g/t Au over 75.0 metres in KRC829. Multiple zones were indicated, so to test if drill holes were drilled down dip, 5 holes were collared on 2 sections, "scissoring" mineralized zones indicated in the March drilling.
Results of the "scissor" holes demonstrate that several zones of vein-related gold mineralization striking northerly and dipping at a very shallow to moderate angle to the west. A series of lower grade easterly-directed extensional veins are also indicated. The southern RC line includes the longest and highest grade intervals. KRC861 and KRC862 intersected "bonanza-type" veins grading 17.70 g/t Au over 14.0 metres and 16.70 g/t Au over 28.0 metres, respectively, at an oblique angle to the dip. KRC860 intersected 2.40 g/t Au over 19.0 metres, the lower portion of the long interval in KRC829. Similarly, KRC861 intersected 1.69 g/t Au over 35.0 metres that correlated to a portion of the mineralized zone in KRC828.
Table 1 Kinkine Zone - RC Drill Results ---------------------------------------------------- Hole ID From (m) To (m) Length (m) Au (g/t) ---------------------------------------------------- KRC859 12.0 23.0 11.0 0.72 ---------------------------------------------------- KRC859 43.0 45.0 2.0 1.17 ---------------------------------------------------- KRC859 61.0 63.0 2.0 1.02 ---------------------------------------------------- KRC860 77.0 78.0 1.0 6.57 ---------------------------------------------------- KRC860 83.0 102.0 19.0 2.40 ---------------------------------------------------- KRC860 106.0 116.0 10.0 0.94 ---------------------------------------------------- KRC860 122.0 129.0 7.0 1.52 ---------------------------------------------------- KRC861 11.0 25.0 14.0 17.70 ---------------------------------------------------- KRC861 32.0 35.0 3.0 1.48 ---------------------------------------------------- KRC861 42.0 47.0 5.0 3.55 ---------------------------------------------------- KRC861 63.0 98.0 35.0 1.69 ---------------------------------------------------- KRC861 102.0 103.0 1.0 3.19 ---------------------------------------------------- KRC862 5.0 11.0 6.0 10.72 ---------------------------------------------------- KRC862 46.0 74.0 28.0 16.70 ---------------------------------------------------- KRC863 1.0 9.0 8.0 0.82 ---------------------------------------------------- KRC863 47.0 49.0 2.0 1.30 ----------------------------------------------------
KRC859 and KRC863 are on the northern RC line with both intersecting significant lower grade mineralization high in both holes. KRC859 intersected 0.72 g/t Au over 11.0 metres on a vein structure also intersected in KRC823 (5.25 g/t over 6.0 metres), KRC822 (1.56 g/t Au over 15 metres), KRC821 (1.10 g/t Au over 10.0 metres), and KRC820 (1.08 g/t Au over 38.0 metres). KRC863 intersected 0.82 g/t Au over 8.0 metres on a structurally higher vein set, coincident with weaker zones identified in KRC821 and 822. An updated location map will be posted on www.cassidygold.com shortly.
Kinkine Exploration Program
The RC drill has moved to Kinkine to begin a 15-hole, 2100 metre resource definition program. A second 11-hole, 1430-metre infill program is also planned. The diamond drill is in the midst of a 4-hole, 1000-metre program to define structural controls to mineralization at Kinkine. The aircore rig has also moved to the Kinkine area to test along the southwest-trending Kinkine Fault where a previous aircore hole, (KRAB416 located some 800 metres to the southwest of the recent scissor holes), had intersected 23.35 g/t Au over 20.0 metres at the bottom of the hole. Two abandoned artisanal digging sites have also been located near KRAB416.
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
Project Manager Nick Hewson of RSG Global heads the exploration team in Guinea. Christopher J. Wild, P.Eng, VP Exploration for Cassidy Gold Corp, is currently in Kouroussa and is the Qualified Person for this release.
On behalf of the Board of Directors
Cassidy Gold Corp.
James T. Gillis, President
This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at www.sedar.com.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Cassidy Gold Corp.
Jim Gillis
President
(250) 372-8222
(250) 828-2269 (FAX)
www.cassidygold.com
