KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - May 10, 2006) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from ongoing reverse circulation (RC) drilling and diamond drilling on its 100%-owned Kouroussa Project, located in Guinea, West Africa. Fourteen RC holes and 4 diamond drill holes, totalling 1496 and 940 metres, respectively, were drilled on 7 sections spaced every 40 metres along the Kinkine zone. A total of 35 RC holes have now been completed at Kinkine, 4 kilometres north of Cassidy's Sanu Filanan deposit. Highlights from the RC drilling include 1.48 g/t Au over 28.0 metres in KRC889, 4.95 g/t Au over 14 metres in KRC890, and 3.41 g/t Au over 33.0 metres in KRC891. Highlights from core include 2.20 g/t Au over 32.0 metres and 2.51 g/t Au over 37.0 metres, both in KD181. True widths have not been calculated because mineralization is controlled in at least 2 orientations.
RC Drilling
A series of 14 RC holes were arranged on 5 sections, stepping out at 40 metre intervals from the two sections completed earlier this year (see Cassidy Gold Corp. News Releases - March 16 and April 18, 2006). One fence of holes, KRC889 to KRC893, was completed between the original 2 sections. Highlights of latest drilling noted above complement earlier results including 2.68 g/t Au over 60.0 metres in KRC828 and 2.40 g/t Au over 75.0 metres in KRC829. Latest results extend mineralization to approximately 250 metres north to south, and over 200 metres west to east. Mineralization remains open to the north and south and to the east.
Table 1 Kinkine Zone - RC Drill Results
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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC886 35.0 41.0 6.0 1.17
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KRC887 37.0 47.0 10.0 1.10
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KRC888 64.0 76.0 12.0 1.30
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and 107.0 111.0 4.0 1.76
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and 135.0 141.0 6.0 1.80
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KRC889 81.0 109.0 28.0 1.48
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KRC890 19.0 25.0 6.0 2.50
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and 50.0 64.0 14.0 4.95
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KRC891 7.0 40.0 33.0 3.41
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and 72.0 79.0 7.0 1.15
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KRC892 46.0 61.0 15.0 1.39
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KRC893 5.0 17.0 12.0 0.98
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KRC894 35.0 43.0 8.0 1.16
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KRC895 52.0 55.0 3.0 1.80
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and 59.0 63.0 4.0 1.71
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KRC896 21.0 25.0 4.0 1.83
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KRC900 71.0 81.0 10.0 1.27
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Diamond Drilling
Four diamond drill holes totalling 940 metres were drilled on 4 of the drill sections to improve the geological interpretation. Core was oriented for structural analysis and samples were collected for bulk density measurements as part of an anticipated resource calculation. Two holes, KD180 and KD181, were drilled through the north-trending "main zone" mineralization and into a subordinate east northeast-trending zone of mineralization. KD182 tested under the "main zone" but failed to intersect much significant mineralization, likely due to faulting along the west side of the Kinkine Zone. KD183 intersected mineralization on strike with "main zone" mineralization.
Table 1 Kinkine Zone - Diamond Drill Results
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Hole ID From (m) To (m) Length (m) Au (g/t)
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KD180 9.0 14.0 5.0 1.03
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and 32.0 39.0 7.0 2.22
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and 43.3 51.0 7.7 1.40
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and 56.0 63.0 7.0 2.26
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and 74.0 86.0 12.0 0.83
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and 90.0 96.0 6.0 1.48
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and 186.0 187.0 1.0 4.97
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and 201.0 202.0 1.0 1.65
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KD181 30.0 36.0 6.0 1.53
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and 47.0 79.0 32.0 2.20
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and 83.0 120.0 37.0 2.51
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and 183.0 184.0 1.0 9.00
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and 266.0 274.0 8.0 0.76
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KD182 236.0 237.0 1.0 2.99
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KD183 27.0 29.0 2.0 1.20
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and 66.0 68.0 2.0 3.84
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and 78.0 84.0 6.0 1.60
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and 88.0 89.0 1.0 3.06
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and 136.0 137.0 1.0 4.22
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and 141.0 145.0 4.0 1.18
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An updated location map will be posted on www.cassidygold.com shortly.
Exploration Update
RC drilling continues to be focussed on building gold resources in zones of prospective mineralization identified in aircore drilling. Currently, the RC drill is testing the 777 Zone at Manie, 4 km northwest of Kinkine. A second 11-hole, 1430-metre infill program is planned at Kinkine. Additional resource drilling is planned at Sanu Folo and Junction. Planned core drilling has been completed. The aircore rig completed almost 2200 metres of drilling in the Kinkine South area, and continues to test geophysical and geochemical anomalies in the Dalaoule and Banjounani areas in the northwest quadrant of the property.
Sampling and Assay Procedures
RC drill samples were collected from the cyclone and split or pipe sampled to 1 kilogram size. All drill core samples were split using a rock saw over sample lengths of 0.5 to 1.5 metres. Holes are drilled with HQ rods through the saprolite and reduced to NQ size once in bedrock, typically between 40 and 100 metres depth. 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 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
