Cassidy Gold Commences Drill Program at Nassile Gold Project, Niger
December 22 2009 - 11:51AM
Marketwired
Cassidy Gold Corp. ("Cassidy") (TSX VENTURE: CDX) is pleased to
announce that a planned exploration program consisting of
multi-stage Rotary Air Blast (RAB) and Reverse Circulation (RC)
drilling has begun on the Nassile Gold Project located in the
Republic of Niger, West Africa. RAB drilling is currently testing
several areas of anomalous soil and rock geochemistry. RC drilling
will begin testing specific targets in the first week of January,
2010. Cassidy, the project operator, is earning up to a 70%
interest in Nassile from Island Arc Exploration Corp. ("Island
Arc").
The Nassile permit covers 576.7 square kilometres of the Sirba
greenstone belt in the lower Proterozoic Birimian
volcano-sedimentary series adjacent to the Burkina Faso border 100
kilometres southwest of Niamey, the capital of Niger. The Nassile
project lies 35 kilometres south of the Samira Hill gold mine and
200 kilometres southeast of IAMGold's Essakane Project.
During the 2008 and 2009 field programs, Island Arc geologists
identified a number of prospects hosting significant gold
mineralization along at least 20 kilometres of the regional,
northeast-trending Tampena shear zone. These targets include
gold-quartz veins, potential sheeted veins, and quartz stockwork
vein systems in a variety of host rocks, representing both
high-grade and bulk tonnage targets. The planned program of
approximately 16 RAB lines and 74 RC holes is aimed at aggressively
testing priority gold targets in the Bamperi, Forbemi, Songonduari,
Koutougou, and Tirboye areas.
Bamperi Prospect
The northern section of the Bamperi Prospect is marked by
several large northeast-trending quartz veins extending over a
distance of up to 1.5 kilometres. Significant artisanal diggings
expose sections of the veins. Grab sampling from the central
portion of one such vein returned several high-grade assays,
including 109 g/t and 105 g/t Au (grams per tonne gold). Grab
samples 400 metres to the northeast returned assays of 58.2 g/t Au
and 30.0 g/t Au, with seven more grading greater than 10 g/t Au.
Sulphides including galena, pyrite, chalcopyrite and bornite appear
related to high gold values in quartz veining.
A prominent chargeability high runs northeast through the
Bamperi Prospect and the central part of the Tampena structure.
Much of the area, particularly to the south, is covered by alluvial
laterite but one trench (No. 17) excavated during the 2008 program
intersected 7.55 g/t Au over three metres at the south end of the
anomaly. A number of north-south, east-west, and northeast-trending
veins have been mapped and sampled. Grab samples from one such vein
returned assays of 35.7 g/t Au, 25.1 g/t Au, and 21.8 g/t Au.
Another grab sample 500 metres farther northeast assayed 132 g/t
Au. RAB drilling is currently testing this mineralized zone.
Forbemi Prospect
Located five kilometres southwest of Bamperi, Forbemi is marked
by prominent northeast-trending chargeability highs covered by hard
laterite that may mask mineralization at depth. Significantly, the
Forbemi area hosts at least two northwest-to-west-trending
quartz-sulphide veins. The southern vein is exposed in extensive
artisanal workings over a distance of almost 200 metres. Two grab
samples from the workings returned assays of 9.20 g/t Au and 6.77
g/t Au.
Songonduari Prospect
Early in 2009, a gold rush of approximately 10,000 local
artisanal miners descended on the Songonduari Prospect. Coarse gold
was recovered from hard lateritic cover at surface, and from smoky
grey, quartz veining at depths of up to 15 metres. Eleven of 60
grab samples returned assays greater than one gram per tonne Au,
including 13.1 g/t and 15.5 g/t Au from quartz veins in graphitic
sedimentary rocks near the southern limit of the trend. A sample
from a sulphide-rich quartz vein, approximately 750 metres to the
east, assayed 8.28 g/t Au. RAB and RC drilling will look to define
a number of mineralized structures identified in artisanal
workings.
Koutougou Area
Veins mapped at Bamperi continue to the northeast into the
adjoining Koutougou area. Grab samples collected from quartz veins
at Koutougou returned assays from less than 0.01 g/t Au to 11.8 g/t
Au, but to date work in the Koutougou area has been limited to
prospecting. Soil and/or termite mound geochemistry will cover
projected mineralized trends followed by RAB and RC drilling.
Tirboye Prospect
Regolith mapping at Tirboye, 15 kilometres northeast of Bamperi,
has identified several prospective quartz structures in highly
sheared metavolcanic and metasedimentary rocks. These vein
structures trend north-easterly and strongly resemble the veins
mapped at Bamperi North. Grades from 28 grab samples collected from
these quartz vein structures at Tirboye ranged from less than 0.01
g/t to 20.8 g/t Au with 12 samples returning values greater than
1.0 g/t Au. Drilling will test a number of these large quartz vein
structures.
Kouroussa, Guinea
Cassidy Gold Corp. ("Cassidy") is also proceeding with a
gradient Induced Polarization (IP) survey at the Kouroussa Gold
Project, located in Guinea, West Africa. Cassidy holds a 100%
interest in the project. This grid, totalling 145 line-kilometres,
will cover the entire project resource area including Koekoe and
extending over to Sodyanfe and northeast to Kinkine, areas
considered most prospective for the identification of additional
gold resources at Kouroussa. Based on results of the survey,
targets will be prioritized ahead of a planned drill program. IP
surveys have been used to successfully identify priority targets at
Crew Gold's Lefa Gold Mine and Semafo's Kiniero Mine, 120
kilometres north and 35 kilometres south of Kouroussa,
respectively.
Christopher J. Wild, P.Eng, V.P. Exploration, is Cassidy's
Qualified Person for this release.
This news release contains certain statements that may be deemed
"forward-looking statements". Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although Cassidy Gold Corp.
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
realities may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs,
estimates and opinions of Cassidy Gold Corp.'s management on the
date the statements are made. Except as required by law, Cassidy
Gold Corp. undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Cassidy Gold Corp. James T. Gillis President & CEO
(250) 372-8222 www.cassidygold.com
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