Cassidy Gold

Corporate Profile

Cassidy Gold Corp. is a gold exploration and development company listed on the TSX Venture Exchange (symbol CDY).
Cassidy's principle asset is its 100% owned interest, subject to a 15% state participation, in the Kouroussa, Tambiko, and Siguiri gold concessions in Guinea, West Africa.

Headline
2006-04-05  13:41  0.86  News Release  Cassidy Gold drills 2.99 g/t Au over 24 m at Kouroussa  

2006-04-03  22:19  0.76  Private Placement  Cassidy Gold 8,333,334-share private placement  

2006-04-03  20:20  0.76  SEDAR Early Warning Report  SEDAR Early Warning Report  

2006-03-31  16:33  0.76  SEDAR Interim Financial Statements  SEDAR Interim Financial Statements  

2006-03-31  10:16  0.70  News Release  Dundee Precious buys 3.33 million Cassidy Gold shares  

2006-03-30  18:11  0.70  News Release  Cassidy crosses 2.13 gpt Au over 12 m on Junction zone  

2006-03-30  17:29  0.70  News Release  Cassidy closes two private placements for $5.3-million  

2006-02-09  11:40  CDY  Cassidy Gold Corp  0.61  News Release  Cassidy Gold cuts 20 m of 23.25 gpt Au at Kouroussa  

2006-02-07  12:05  CDY  Cassidy Gold Corp  0.61  News Release  Cassidy Gold cuts 2.18 g/t Au over 25 m at Kouroussa  


2005-12-22  15:17  CDY  Cassidy Gold Corp  0.455  News Release  Cassidy cuts 30.21 g/t Au over five m at Junction  

2005-12-22  13:56  CDY  Cassidy Gold Corp  0.455  News Release  Cassidy Gold cuts 5.01 g/t Au over 8.0 m at Kouroussa  

2005-11-23  11:05  CDY  Cassidy Gold Corp  0.45  News Release  Cassidy Gold cuts 2.07 g/t Au over 36.0 m at Kouroussa  

Cassidy Gold Corp.: Impressive Kinkine Results at Kouroussa Gold Project, Guinea
4/18/2006
KAMLOOPS, BRITISH COLUMBIA, Apr 18, 2006 (CCNMatthews via COMTEX News Network) --
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

what is happening with Cassidy!
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Value guesstimates

I carry two value guesstimates. I calculate one that is my personal best estimate of the best but still logical possible "outcome". It applies calculations that extend the mathematically averaged actual reported results downward 50 meters below the ends of holes and to the ground surface from the depth at which minerals are reported. This upward extension is entirely logical since the artisans do get gold at surface. The measured gold content and thickness intercepted are averaged. The apparent length of each trend is used. While not "banker" correct, the fact that I average results from the hundreds of holes now actually drilled says that "statistically" I can defend such approximation. Using those averages and "textbook" average rock density I calculate tonnage and indicated gold content. If the present value of gold in the ground is taken at US$200 per ounce, then the "sunny side" amount at which I would sell out without hesitation is more than $100 per share. Squint squint! It keeps growing!


Not a penny less


A more conventional estimate uses the resource calculation made by RSG's engineers to reflect securities regulators standards. As at last July that figure was 433,000 ounces of gold at a cutoff of 2.7 grams per ton. Considering that ores with gold content of less than 1 gram per ton are being mined at a profit by neighboring companies, this is truly a conservative cutoff number. The drilling now indicates 14 finds already made over the course of the program. I expect that of these, only four had enough drilling to provide density of drilling sufficient to satisfy the resource calculation formula. The date of onset of the rainy season may govern how much "resource drilling" will be added this year. President Gillis speculated at the London conference that drilling since last July will extend the resource amount to 1.2 million ounces. An appropriate present value for such resource, using comparison with recent successful takeover bids is C$300 per ounce. This puts a "value" on Cassidy at $360 millions, or, $6 per share now issued. That's a sextuple, right? Have always wanted to work that word in. So, don't take a penny less. Remember it's sexy and it's still growing!

CASSIDY, An Institutional "Penny" Stock



After a first  investment by fund managers from Europe's TopGold Fund, Malaysia's Phoenix Fund and US's Raffles Funds, the highly capable money managers of  Dundee Precious Metals Inc. stepped in for  "really serious" amounts last December.. The treasury was augmented in March 2006 by a five million dollar injection. The spectrum of "investment grade" financiers is notable. Dundee increased its share ownership to a potential 21% level. (Its commitment to Cassidy is one of the largest single holdings in its portfolio). Cassidy's President J.T. Gillis, speaking at the International Gold Investors Conference in London, U.K. named other institutions that participated in the latest financing. It includes two of Canada's most successful investment managers, Sprott Gold and Precious Minerals Funds and Mackenzie Financial. Evidence of a buying program (more than 6 million shares in 2006 to date), indicates probable other professional investment fund interest.    

Cassidy cuts 26.48 gpt Au over 3 m on Sanu Folo zone


2006-04-27 11:06 PT - News Release

Mr. James Gillis reports

CASSIDY GOLD CORP.: SANU FOLO DELIVERS RESULTS AT KOUROUSSA GOLD PROJECT, GUINEA

Cassidy Gold Corp. has provided results from continuing reverse circulation (RC) and diamond drilling on its 100-per-cent-owned Kouroussa project, located in Guinea, West Africa. A series of 21 RC holes totalling 1,774 metres and 12 core holes totalling 1,503.5 metres have defined Sanu Folo mineralization at a nominal 40-metre drill spacing. Sanu Folo is located 200 metres north of Cassidy's Sanu Filanan deposit. Highlights include 1.79 grams per tonne (g/t) gold (Au) over 24 metres in KD163, 26.48 g/t Au over 3.0 metres in KD171, 24.34 g/t Au over 4.0 metres in KRC874 and 3.70 g/t Au over 19.0 metres in KRC880.

Sanu Folo

The April program focused on defining up to three zones of mineralization along 500 metres of the west-trending Sanu Folo structure, between the JJ zone to the east and Sanu Filanan to the west. Latest RC drilling consisted of 1,774 metres in 21 holes arranged as a series of north-south fences between those completed in December. Highlights include 2.52 g/t Au over 9.0 metres in KRC872, 24.34 g/t Au over 4.0 metres in KRC874, and 11.92 g/t Au over 3.0 metres in KRC875. KRC880 intersected a broad zone of mineralization assaying 3.70 g/t Au over 19.0 metres, including 9.74 g/t Au over 6.0 metres (table 1). Insufficient material for sampling was encountered in four of the 19 metres, including two in the high-grade section, suggesting that the overall grades may be under-reported. True thicknesses are estimated to be approximately 65 per cent of the reported sample lengths.