Cassidy Gold to Drill Kouroussa Gold Property in Guinea.Business Editors KAMLOOPS, British Columbia--(BUSINESS WIRE)--April 22, 2003 A 2000 metre drill program at Cassidy Gold's (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) ) Kouroussa gold project is scheduled to commence April 25. Earlier exploration at Kouroussa has outlined several significant gold in soil anomalies. The best anomaly, Koe Koe South, consists of a 500 X 500 metre core area averaging 1.02 grams gold per tonne ("g Au/t") from 196 samples, with the greatest value being 40.7 g Au/t. This anomaly extends beyond the present grid to the South. One kilometre to the northwest lies the Sodyanfe anomaly encompassing a comparable area with 213 samples averaging 0.49 g Au/t and ranging up to 8.63 g Au/t. A reverse circulation drill will be used to probe the Koe Koe South and Sodyanfe targets. Cassidy's first objective will be to determine the depth of combined 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. and saprolite sap·ro·lite n. Soft, partially decomposed rock rich in clay and remaining in its original place. saprolite in order to determine the size of a potential near-surface gold resource. Cassidy believes that sampling and initial metallurgical testing of these weathered materials could provide the basis for the development of a resource conforming to the standards of National Instrument 43-101. Such a near-surface resource could then be developed at minimal cost while exploration for primary gold targets at depth proceeds. Detailed geological mapping in the vicinity of the known gold-enriched zones will be complemented with regional mapping to cover the whole concession area. Areas of artisanal mining, of which several have already been located, will be subject to more intensive mapping, trenching and sampling. The Kouroussa Permit area is located 570 km. east of Guinea's capital, Conakry, on a paved highway and encompasses 240 square km. of open, subdued sub·due tr.v. sub·dued, sub·du·ing, sub·dues 1. To conquer and subjugate; vanquish. See Synonyms at defeat. 2. To quiet or bring under control by physical force or persuasion; make tractable. 3. Birimian terrane ter·rane also ter·rain n. 1. A series of related rock formations. 2. An area having a preponderance of a particular rock or rock groups. [Alteration of terrain.] , the host of West Africa's largest gold deposits. On behalf of the Board of Directors James T. Gillis, President Cassidy Gold Corp. This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at SEDAR-CDY 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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