Cassidy Gold Corp.: Latest Drilling Results at Kouroussa.Business Editors KAMLOOPS Kamloops (kăm`l  ps), city (1991 pop. 67,057), S British Columbia, Canada, at the junction of the North Thompson and South Thompson rivers. , British Columbia--(BUSINESS WIRE)--March 23, 2004Cassidy Cassidy (O'Caiside in Irish) is a common Irish surname. The surname translates to 'descendent of Caiside'. The family were a sept of County Fermanagh. The Caiside's were originally a medical family, who were hereditary physicians to the Maguires. Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: CDY CDY Cagayan de Sulu, Philippines (Airport Code) ) is pleased to announce high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. gold intercepts from ongoing diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral on its Kouroussa Kouroussa is a town located in northwestern Guinea. It is the capital of Kouroussa Prefecture. Railways The Guinea Railways crosses the Niger River at this town, where there is also a river port. Property in Guinea Guinea, archaic term for Africa's west coast Guinea (gĭn`ē), an archaic term for the west coast of Africa. In its widest sense it has been applied to the region from Angola to Senegal. , West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. , including six additional drill holes through the Sanu Filanan Vein structure. A total of 3741 metres in 26 diamond drillholes, KD-28 to KD-54, tested several areas of artisanal working in the Koe Koe Area. Two holes, SD-1 and SD-2, totalling 196.5 metres, tested the eastern margin of the Sodyanfe Area and one hole totalling 151 metres tested the Marie Structure. To date, 56 diamond drill holes totalling 6984 metres have been completed on the property. Cassidy has the right to earn 100% interest in the property, subject to a 15% state participation. Four of the six holes through the Sanu Filanan Vein structure extend a thick zone of high-grade gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. discovered in KD-12 (5.92 g/t gold over 23.33 metres true thickness) down a moderate to steep plunge The term Plunge has multiple meanings:
Two diamond drill holes investigated the structural controls on the east side of the Sodyanfe soil anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. . Highlights from Sodyanfe include 1.00 g/t gold over 16.50 metres, 5.3 metres below the surface, in the oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. saprolite sap·ro·lite n. Soft, partially decomposed rock rich in clay and remaining in its original place. saprolite . All significant results are included in Tables 1 - 6. For a complete plan and sections of drilling to date, please refer to our web site: www.cassidygold.com. Ongoing Exploration Program Diamond drilling is scheduled to resume on the Kouroussa Property in mid-April Noun 1. mid-April - the middle part of April period, period of time, time period - an amount of time; "a time period of 30 years"; "hastened the period of time of his recovery"; "Picasso's blue period" Apr, April - the month following March and preceding May . The next phase of drilling will focus on extending high-grade gold mineralization in the Sanu Filanan structure along strike and down-plunge to begin defining a resource. Drilling is also planned for the JJ Vein to better define the limits and structure in preparation for in-fill drilling. The addition of a bulldozer and water truck to our available equipment will allow access and water to a number of targets further afield on the Kouroussa and Tambiko concessions, where a number of areas of concentrated artisanal workings have been identified including Sodyanfe, Benegba to the north, Bokoro Bokoro is a town in Chad. It is located at around . Estimated population 12,000. to the northwest, and Bandjounani to the west. Regional geochemical sampling including termite termite or white ant, common name for a soft-bodied social insect of the order Isoptera. Termites are easily distinguished from ants by comparison of the base of the abdomen, which is broadly joined to the thorax in termites; in ants, there is mound mound, prehistoric earthwork erected over a burial place as a memorial or landmark, a defensive embankment, or a site for ceremonial or religious rites. Such structures are found in many parts of the world, but the name is applied in particular to those of North sampling is ongoing. Sanu Filanan Vein Trend The four drill holes completed around KD-12 are beginning to define the geometry geometry [Gr.,=earth measuring], branch of mathematics concerned with the properties of and relationships between points, lines, planes, and figures and with generalizations of these concepts. of a very significant zone of thickening thick·en·ing n. 1. The act or process of making or becoming thick. 2. Material used to thicken: stir in a thickening of flour and water. 3. A thickened part. discovered in KD-12. That zone appears to plunge moderately to steeply to the northwest. KD-47 intersected the zone 40-45 metres below surface, between KD-4 and KD-12. KD-48 extended the strike 28 metres northwest from KD-12. KD-49 tested approximately 30 metres down dip of KD-12, confirming both grade and thickness. KD-52 stepped 44 metres northwest of KD-12 and to a depth of 155 metres below surface. KD-53 and KD-54 tested below KD-10 at the southeast end of the defined structure, 30 metres to the northwest and 22 metres to the southeast, respectively. Both holes suggest that a thickened thick·en tr. & intr.v. thick·ened, thick·en·ing, thick·ens 1. To make or become thick or thicker: Thicken the sauce with cornstarch. The crowd thickened near the doorway. 2. zone of mineralization plunges steeply in the vicinity of KD-10. KD-54 extended the strong gold mineralization discovered in KD-10 to the limits of artisanal workings on the Sanu Filanan structure. The deposit is open to the northwest, southeast, and to depth.
Table 1: Sanu Filanan - Summary of Results
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True Gold
DDH Azimuth Dip Depth From To Length Thick (g/t)
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metres metres metres metres metres
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KD-47 228 -45 115.00 57.90 68.75 10.85 7.67 6.41
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incl 57.90 64.50 6.60 4.67 8.46
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KD-48 216 -45 117.00 12.00 27.00 15.00 0.90
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and 78.50 82.00 3.50 2.47 46.87
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KD-49 216 -45 220.00 152.55 204.00 51.45 36.38 4.42
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incl 170.35 204.00 33.65 23.79 6.15
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incl 172.35 197.00 24.65 17.43 8.03
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incl 183.00 197.00 14.00 9.90 12.93
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KD-52 36 -45 253.00 203.05 247.50 44.45 31.43 2.86
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incl 204.30 223.00 18.70 13.22 6.21
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and 204.30 216.00 11.70 8.27 9.42
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KD-53 245 -45 163.00 16.75 27.00 10.25 2.59
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94.20 96.55 2.35 1.72
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133.30 138.00 4.70 3.32 7.29
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KD-54 245 -45 145.00 41.35 45.00 3.65 2.55
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98.5 117.00 18.50 13.08 6.01
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incl 108.00 115.55 7.55 5.34 13.00
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Sodyanfe SD-1 and 2 are the first two diamond drillholes collared on the Sodyanfe Zone. Sodyanfe is defined by a strong gold in soil geochemical anomaly located 2 kilometre west-northwest west-north·west n. Abbr. WNW The direction or point on the mariner's compass halfway between due west and northwest, or 67°30  west of due north.adj. of the Koe Koe target area. A total of 213 samples collected on a 25x50 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, spaced grid, returned an average gold grade of 0.49 g/t. In addition, artisanal miners were very active over most of the Sodyanfe anomaly. Both drill holes show significant gold in the upper portions of the laterite-saprolite oxide oxide, chemical compound containing oxygen and one other chemical element. Oxides are widely and abundantly distributed in nature. Water is the oxide of hydrogen. Silicon dioxide is the major component of sand and quartz. zone. Gold is also highly anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. in the underlying bedrock.
Table 2: Sodyanfe - Summary of Results
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Gold
DDH Azimuth Dip Depth From To Length (g/t)
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metres metres metres metres
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SD-1 240 -45 96.00 7.50 24.00 16.50 1.00
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49.00 50.00 1.00 1.32
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SD-2 240 -45 100.50 0.00 13.50 13.50 0.41
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69.50 74.50 5.00 0.49
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West Plateau plateau, elevated, level or nearly level portion of the earth's surface, larger in summit area than a mountain and bounded on at least one side by steep slopes, occurring on land or in oceans. (North of Sanu Folo) A series of diamond drill holes tested a number of east-west trending artisanal workings immediately north of the Sanu Folo Vein Trend. A number of thin but persistent gold-bearing Adj. 1. gold-bearing - containing gold; "auriferous quartz veins" auriferous metal, metallic - containing or made of or resembling or characteristic of a metal; "a metallic compound"; "metallic luster"; "the strange metallic note of the meadow lark, structures were intersected. This drilling has allowed company geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. to gain a better understanding of the structural setting and the character and intensity of alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. and mineralization for the entire Koe Koe area and to use that understanding to enhance targeting in untested areas such as Sodyanfe and Bokoro/Tambiko.
Table 3: West Plateau - Summary of Results
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Gold
DDH Azimuth Dip Depth From To Length (g/t)
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metres metres metres metres
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KD-28 0 -45 157.00 89.30 89.95 0.65 1.00
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112.87 113.66 0.79 10.13
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139.00 139.90 0.90 2.10
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148.28 149.40 1.12 1.25
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KD-29 20 -45 148.00 92.45 93.75 1.30 1.65
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KD-30 0 -45 103.00 80.85 81.90 1.05 1.40
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KD-31 200 -45 289.00 24.00 30.00 6.00 2.97
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129.60 130.25 0.65 1.71
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152.34 153.45 1.11 1.34
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204.53 205.43 0.90 1.02
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226.28 230.82 4.54 1.05
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237.70 239.41 1.71 4.21
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KD-32 200 -45 82.00 65.50 66.80 1.30 1.09
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78.45 78.95 0.50 2.01
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KD-33 200 -45 211.00 12.00 19.50 7.50 0.39
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89.00 90.30 1.30 2.25
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125.75 126.42 0.67 1.23
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149.05 149.60 0.55 1.66
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KD-34 200 -45 217.00 55.50 64.42 8.92 0.67
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incl 55.50 57.50 2.00 1.82
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138.00 139.26 1.26 1.30
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143.85 144.36 0.51 2.60
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KD-35 200 -45 164.00 62.30 76.48 14.18 1.00
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92.50 93.05 0.55 1.62
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153.15 154.00 0.85 1.18
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KD-36 200 -45 163.00 80.55 82.00 1.45 1.44
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KD-37 20 -45 88.00 67.30 68.95 1.65 8.70
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KD-38 20 -45 142.00 70.50 73.50 3.00 1.83
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KD-40 200 -45 88.00 61.76 62.45 0.69 4.40
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KD-41 20 -45 94.00 19.50 21.00 1.50 2.20
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36.00 37.50 1.50 0.94
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63.40 65.95 2.55 2.25
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KD-42 20 -45 103.00 34.50 43.50 9.00 0.96
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East Plateau DDH DDH Decision Diffie-Hellman DDH Developmental Dysplasia of Hip DDH Dorothy Day House DDH Document Drafting Handbook DDH Dublin Dental Hospital DDH Destroyer-Carrying Helicopter DDH Dissociated Double Hypertropia KD-43 to 46 tested a series of artisanal diggings in the vicinity of KD-1 on the east side of the Koe Koe geochemical anomaly. KD-1 had intersected 3.67 g/t gold over 2.70 metres core length in skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. . All four holes intersected very anomalous gold values in the upper portion of the laterite-saprolite but penetration into the bedrock was limited by its depth.
Table 4: East Plateau - Summary of Results
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Gold
DDH Azimuth Dip Depth From To Length (g/t)
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metres metres metres metres
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KD-43 60 -45 109.50 0.00 19.50 19.50 0.24
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43.50 47.90 4.40 1.18
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66.00 69.00 3.00 3.33
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KD-44 40 -45 97.50 0.00 10.50 10.50 0.24
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50.00 55.50 5.50 2.33
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50.75 52.50 1.75 4.84
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67.50 69.00 1.50 1.04
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76.50 78.00 1.50 2.44
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90.00 91.80 1.80 1.07
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KD-45 60 -45 85.00 0.00 12.00 12.00 0.28
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27.00 27.50 0.50 5.10
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KD-46 40 -45 145.00 1.50 21.00 19.50 0.18
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130.00 133.00 3.00 7.00
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Sanu Folo Vein Trend Two holes followed up on previous drilling on the Sanu Folo Vein Trend. KD-39 scissored KD-19 to improve the structural interpretation of the zone. KD-50 tested the vein approximately 50 metres below KD-3, but failed to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. significant mineralization. KD-3 had intersected 7.07 g/t gold over 1.93 metres true thickness.
Table 5: Sanu Folo - Summary of Results
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Gold
DDH Azimuth Dip Depth From To Length (g/t)
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metres metres metres metres
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KD-39 180 -45 106.00 95.80 96.20 0.40 1.06
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KD-50 0 -45 136.00 86.50 88.00 1.50 0.99
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Marie Structure One drill hole, KD-51 was completed on the Marie Structure, a well-defined well-de·fined adj. 1. Having definite and distinct lines or features: a well-defined silhouette. 2. trend of quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. vein material in laterite laterite Soil layer rich in iron oxide and sometimes aluminum, derived from a wide variety of rocks by leaching. It forms in tropical and subtropical regions where the climate is humid. , parallel to and approximately 1,100 metres southwest of Sanu Filanan. Chip sampling of exposed quartz vein material from the Marie Structure returned values of up to 1.90 g/t gold over 1.0 metre. KD-51 intersected anomalous gold values in the upper portion of the laterite-saprolite.
Table 6: Marie Structure - Summary of Results
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Gold
DDH Azimuth Dip Depth From To Length (g/t)
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metres metres metres metres
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KD-51 270 -45 151.00 1.50 25.35 23.85 0.11
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Conclusion All drill core was split and samples were sent to ABILAB Afrique de l'Ouest in Bamako Bamako (bämäkō`), city (1987 pop. 646,163), capital of Mali and of its Bamako region, SW Mali, on the Niger River. It is the nation's administrative center, as well as a river port, a junction on the Dakar-Niger RR, and a major regional , Mali for fire assay using a 50 gram subsample sub·sam·ple n. A sample drawn from a larger sample. tr.v. sub·sam·pled, sub·sam·pling, sub·sam·ples To take a subsample from (a larger sample). . High results were checked by reassaying the same pulp and a gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish was used on all samples assaying over 10 g/t Au and some assaying over 4 g/t Au. Several high values were checked by taking another split from the sample rejects and fire assaying with both an AAS and gravimetric finish. The exploration team in Africa consists of Project Manager Jean-Jacques Lefebvre, M.Sc., Marthe Archambault, M.Sc., P.Geo, the company's Qualified Person on site, and Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Hasek, P.Eng. Christopher J. Wild, P.Eng, Cassidy Gold's Vice-President of Exploration and Qualified Person as defined by National Instrument 43-101, oversaw o·ver·saw v. Past tense of oversee. the preparation of this news 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 SEDAR-CDY. If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list, please contact us at cassidygold@telus.net. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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