Cassidy Gold Corp. - Press Release - Secular Bull

Cassidy Gold Corp. has released results from continuing reverse circulation drilling on its 100-per-cent-owned Kouroussa project, located in Guinea, West Africa. A series of five RC holes totalling 614 metres scissored previous RC holes on two sections 80 metres apart, across the Kinkine zone. Kinkine is located four kilometres north of Cassidy's Sanu Filanan deposit. Highlights include 17.70 grams per tonne gold over 14 metres in KRC861 and 16.70 g/t Au over 28 metres in KRC862.

Kinkine was drilled by RC to follow up on strong air-core drill results over an area of significant historical artisanal mining activity and coincident anomalous soil geochemistry. That program, described in Cassidy Gold's news in Stockwatch 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, five holes were collared on two 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    From    To  Length    Au

ID      (m)     (m)   (m)   (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 the company's website shortly.

The RC drill has moved to Kinkine to begin a 15-hole, 2,100-metre resource definition program. A second 11-hole, 1,430-metre infill program is also planned. The diamond drill is in the midst of a four-hole, 1,000-metre program to define structural controls to mineralization at Kinkine. The air-core rig has also moved to the Kinkine area to test along the southwest-trending Kinkine fault, where a previous air-core hole (KRAB416, located about 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.

RC drill samples were collected from the cyclone and split or pipe sampled to one-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 five 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, PEng, vice-president, exploration, for Cassidy Gold, is currently in Kouroussa and is the qualified person for this release.