Cassidy Gold Corp.
TSX VENTURE : CDY

Cassidy Gold Corp.

January 11, 2007 17:53 ET

Cassidy Gold Corp.: Extending Multiple Zones at Kouroussa Gold Project, Guinea

KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from continuing reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Highlights include 1.67 g/t Au over 14.0 metres and 1.25 g/t Au over 10 metres on the North West Plateau, 2.43 g/t Au over 11.0 metres on the Northern Plateau, and 20.2 g/t Au over 2.0 metres and 2.45 g/t Au over 8.0 metres in the Western Lode. True widths have not been calculated because mineralization occurs in at least two orientations.

Forty RC holes totalling 4428 metres, tested four prospects in the Koekoe area including the North West Plateau, the Northern Plateau, Western Lode, and Koekoe Creek. Updated location maps will be posted on www.cassidygold.com shortly.

North West Plateau

The North West Plateau (NWP) Prospect is believed to be the northwestern extension of the Sanu Filanan Deposit. Previous shallow drilling had detected mineralization 500 - 1000 metres north-northwest of Sanu Filanan, along the west side of the Koekoe resource area. One fence of 3 holes, KRC1045 - KRC1047, was located approximately 80 metres southeast of KRAB0593, which intersected 1.88 g/t Au over 32.0 metres, and 120 metres northwest of KRC0718, which intersected 3.51 g/t Au over 5.0 metres. KRC1045 intersected 1.67 g/t Au over 14.0 metres. KRC1046 intersected a second zone of mineralization over 50 metres west of KRC1045 assaying 1.25 g/t Au over 10.0 metres. Further west, KRC1047 intersected low-grade mineralization high in saprolite assaying 0.51 g/t Au over 14.0 metres and a deeper zone of 0.63 g/t Au over 7.0 metres.



Table 1 North West Plateau Prospect

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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1045 79.0 93.0 14.0 1.67
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and 99.0 100.0 1.0 1.10
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KRC1046 11.0 12.0 1.0 4.25
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and 23.0 30.0 7.0 0.93
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and 34.0 35.0 1.0 0.88
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and 39.0 42.0 3.0 1.04
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and 46.0 56.0 10.0 1.25
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and 66.0 67.0 1.0 1.80
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and 73.0 74.0 1.0 0.96
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and 81.0 83.0 2.0 2.50
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KRC1047 11.0 14.0 3.0 0.83
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and 28.0 42.0 14.0 0.51
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and 43.0 46.0 3.0 0.50
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and 63.0 70.0 7.0 0.63
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KRC1049 17.0 18.0 1.0 4.11
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and 81.0 83.0 2.0 0.77
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KRC1050 18.0 21.0 3.0 9.08
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KRC1052 2.0 7.0 5.0 1.06
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and 19.0 24.0 5.0 1.20
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and 30.0 36.0 6.0 0.97
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KRC1053 27.0 31.0 4.0 0.67
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and 51.0 52.0 1.0 1.21
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and 59.0 64.0 5.0 3.31
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and 104.0 105.0 1.0 1.37
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and 123.0 125.0 2.0 2.05
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A second fence of holes, KRC1048 to KRC1050, tested 200 metres to the southeast along the inferred strike of mineralization, and 80 metres southeast of KRC0718. KRC1050, the westernmost hole, intersected 9.08 g/t Au over 3.0 metres. The mineralized zone intersected by KRC1045 appears to strike to the east of this fence.

A third fence of holes, KRC1051 to KRC1053, tested a mineralized trend further to the southwest. KRC1052 intersected three intervals at least 5.0 metres long in the top 36.0 metres, including 1.20 g/t Au over 5.0 metres (see Table 2). Further west, KRC1053 intersected 3.31 g/t Au over 5.0 metres down-dip of the higher-level mineralization intersected in KRC1052.

Northern Plateau

The Northern Plateau is located 500 metres east of the NWP and was previously tested by 13 core holes intersecting mineralization best characterized as narrow, fracture-controlled veins. However, regional aircore drilling in November demonstrated the potential for much greater thicknesses and grades. For instance, KRAB1630 intersected 1.52 g/t Au over 20 metres and 1.49 g/t Au over 12.0 metres.



Table 2 Northern Plateau

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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1064 95.0 97.0 2.0 2.40
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KRC1064 103.0 105.0 2.0 11.23
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KRC1065 90.0 92.0 2.0 1.46
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KRC1066 47.0 52.0 5.0 0.56
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KRC1067 66.0 69.0 3.0 0.50
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KRC1069 49.0 56.0 7.0 1.35
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KRC1072 79.0 90.0 11.0 2.43
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KRC1073 28.0 32.0 4.0 0.58
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KRC1073 43.0 45.0 2.0 9.42
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Three fences of four holes each, spaced 40 metres apart, were successful in outlining a zone of mineralization, apparently on strike with the KD-1 Zone, 400 metres to the southeast. On the northwestern fence, KRC1069 intersected 1.35 g/t Au over 7.0 metres. Forty metres to the southeast, KRC1064 intersected 11.23 g/t over 2.0 metres and another 40 metres southeast KRC1072 intersected 2.43 g/t Au over 11.0 metres. Further drilling will attempt to link the Northern Plateau with the KD-1 Zone and extend the zone further to the northwest.

Western Lode

Ten RC holes in 3 fences, totalling 1338 metres, tested the Western Lode Prospect, which lies 150-200 metres west of the Sanu Filanan Deposit. Highlights of previous drilling include 1.12 g/t Au over 12.0 metres in KRC0712 and 2.86 g/t Au over 6.0 metres and 5.28 g/t Au over 3.0 metres in diamond drill hole KD151. Highlights of the latest series of 10 RC holes totalling 1338 metres, include 3.72 g/t Au over 5.0 metres in KRC1054 and 2.45 g/t Au over 8.0 metres in KRC1062. These results confirm the presence of a mineralized structure parallel to Sanu Filanan. Follow-up drilling is planned.



Table 3 Western Lode

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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1054 50.0 55.0 5.0 3.72
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KRC1055 4.0 7.0 3.0 1.12
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KRC1061 125.0 127.0 2.0 20.30
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and 135.0 139.0 4.0 0.60
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and 142.0 143.0 1.0 1.13
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KRC1062 80.0 88.0 8.0 2.45
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Koekoe Prospect

Three fences of 3 RC holes each, totalling 792 metres were completed along the expected trend of mineralization first intersected in regional drilling across a soil geochemical anomaly adjacent to Koekoe Creek, 500 metres north of KD-1 Zone. Results were somewhat disappointing (see Table 4), suggesting that the source of the anomaly lies further to the north-northwest.



Table 4 Koekoe Prospect

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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1037 0.0 2.0 2.0 5.65
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KRC1038 68.0 69.0 1.0 15.10
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KRC1040 39.0 41.0 2.0 0.92
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and 82.0 85.0 3.0 0.99
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KRC1041 14.0 16.0 2.0 1.58
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KRC1043 5.0 7.0 2.0 1.35
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Planned Exploration

One RC drill rig and one aircore rig are currently testing targets at Dalaoule and Banjounani, 16 to 18 kilometres northwest of the Koekoe area. The purpose of this program is to begin to define controls to mineralization intersected in aircore drilling last June, prior to the wet season. Resource (RC) drilling is also continuing at KD-1 and JJ Zones. Further step-out drilling is planned at Kinkine in the coming weeks.

Sampling and Assay Procedures

RC drill samples were collected from the cyclone and split or pipe sampled to 1 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 5 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

Senior Geologist Brad Ackroyd of RSG Global Consulting heads the exploration team in Guinea. Christopher J. Wild, P.Eng, VP Exploration for Cassidy Gold Corp., is the Qualified Person for this 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 www.sedar.com.

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