Cassidy Gold Corp.
TSX VENTURE : CDY

Cassidy Gold Corp.

November 14, 2006 11:49 ET

Cassidy Gold Corp.: 13.92 g/t Au over 18 Metres at KD-1 Zone, Kouroussa Gold Project, Guinea

KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from ongoing reverse circulation (RC) on its 100%-owned Kouroussa Project, located in Guinea, West Africa. A series of 18 RC holes totalling 1857 metres and one diamond drill tail on a previously drilled RC hole continue to expand mineralization at the KD-1 Zone. Highlights include 2.74 g/t Au over 23.0 metres in KRC0972, 8.43 g/t Au over 7.0 metres in KRC1002, 13.92 g/t Au over 18.0 metres in KRC1000, 5.98 g/t Au over 18.0 metres in KRC0991, and 5.97 g/t Au over 11.0 metres in KRC0993. True thicknesses are approximately 65% of the reported sample lengths.

KD-1 Zone

KD-1 Zone is a northwest-trending zone of quartz veining and silicification in the Koekoe resource area, 250 metres northeast of JJ and Sanu Folo, and 650 metres northeast of Sanu Filanan. Previous drilling includes 14 RC holes (see Cassidy Gold News Release - July 26, 2006) that formed the basis for an initial 18,000 ounce indicated gold resource and 24,000 ounce inferred gold resource at a 0.7 g/t Au cut-off (see Kouroussa Gold Project, Independent Technical Report - September 2006 at www.sedar.com). The recently completed program tested KD-1 along 400 metres of strike stretching the total strike length to 550 metres, and to a maximum depth of 80 metres below surface. Most of the current drill intersections occur outside the existing resource blocks. Mineralization is open along strike and to depth. An updated drill hole location map will be posted at www.cassidygold.com shortly.



Table 1 KD-1 Zone - RC Drill Assay Results
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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC0972(i) 76.0 99.0 23.0 2.74
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KRC0986 49.0 56.0 7.0 1.05
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KRC0987 97.0 109.0 12.0 1.82
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KRC0988 23.0 33.0 10.0 1.17
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KRC0989 63.0 70.0 7.0 4.89
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KRC0990 95.0 103.0 8.0 1.77
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KRC0991 49.0 67.0 18.0 5.98
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KRC0992 103.0 111.0 8.0 2.35
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KRC0993 12.0 23.0 11.0 5.97
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KRC0994 61.0 66.0 5.0 1.04
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KRC0995 19.0 25.0 6.0 2.03
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KRC0997 123.0 125.0 2.0 1.95
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KRC0998 2.0 18.0 16.0 0.65
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and 23.0 28.0 5.0 1.46
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and 37.0 40.0 3.0 1.16
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KRC0999 106.0 109.0 3.0 1.67
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KRC1000 77.0 95.0 18.0 13.92
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KRC1001 30.0 39.0 9.0 1.03
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and 68.0 71.0 3.0 2.31
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KRC1002 22.0 29.0 7.0 8.43
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KRC1003 73.0 75.0 2.0 1.02
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and 84.0 90.0 6.0 1.91
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(i) Previously reported RC hole plus recently completed diamond drill tail


KRC0986 to KRC0996 step out to the southeast from where the July program finished. Results in Table 1 highlight the consistent distribution of gold over the southern 165 metres of KD-1, but with several higher grade zones, including KRC0989 (4.89 g/t Au over 7.0 metres), KRC0991 (5.98 g/t Au over 18.0 metres), and KRC993 (5.97 g/t Au over 11.0 metres). Significantly, KRC0993 is situated near the southern limit of drilling and KRC0995 (2.03 g/t Au over 6.0 metres) marks the most southeastern drill hole on KD-1.

Further northwest, KRC1000 intersected 13.92 g/t Au over 18.0 metres and KRC1002, 40 metres to the north, intersected 8.43 g/t Au over 7.0 metres. Both intersections mark a considerable improvement in grade in the northern section of KD-1 over results from last July. In the centre of the KD-1 zone, KRC0972 was re-entered and extended by diamond drilling through the mineralized zone. The mineralized interval was increased from 2.79 g/t Au over 16.0 metres to 2.74 g/t Au over 23.0 metres.

Exploration Program

Two drills are busy at Kouroussa with a third set to return to the project in the coming weeks. A KL900 multi-purpose rig is currently drilling at Kinkine. A Warman Scout aircore drill is testing regional targets along the Kinkine trend. In the coming weeks, RC drilling will focus on expanding areas of known mineralization in the Koekoe resource area, including Western Lode, Koekoe Creek, and NW Plateau (Sanu Filanan Extension). In addition, RC drilling is planned for Dalaoule where aircore drilling in the first half of 2006 encountered several zones of mineralization. Aircore drilling will also return to Dalaoule 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 sub sample. 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

Project Manager Nick Hewson of RSG Global Consulting heads the exploration team in Guinea. Christopher J. Wild, P.Eng, VP Exploration for Cassidy Gold Corp, has just returned from Kouroussa and is the Qualified Person for this release.

On behalf of the Board of Directors

Cassidy Gold Corp.

James T. Gillis, President & CEO

This press release may be accessed at Cassidy Gold Corp.'s website: www.cassidygold.com and at www.SEDAR.com.

If you wish to be placed on Cassidy Gold Corp.'s e-mail press release list, please contact us at cassidygold@telus.net.


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