Cassidy Gold Corp.
TSX VENTURE : CDY

Cassidy Gold Corp.

June 19, 2008 14:24 ET

Cassidy Gold Corp.: 22.48 g/t Au Over 15m at Sanu Filanan, Kouroussa Gold Project, Guinea

KAMLOOPS, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Infill drilling at the Sanu Filanan deposit totals 2,027 metres in 16 RC holes so far in 2008. Highlights include 22.48 g/t Au over 15.0 metres in KRC1510, 13.31 g/t Au over 5.0 metres in KRC1511, 10.06 g/t Au over 7.0 metres in KRC1512, and 10.19 g/t Au over 10.0 metres in KRC1529. True widths are approximately 70% of reported intervals.

Sanu Filanan Deposit

Drill holes targeted gaps in the Sanu Filanan block model, with 2 to 4 holes aligned along four sections across the main Sanu Filanan structure. To the northwest, KRC1512, KRC1513, and KRC1529 constitute a fence of holes with each hole intersecting the deposit at increasing depths; to 105 metres below surface (see Table 1). Eighty metres along strike to the southeast, KRC1514 intersected the zone at a depth of 73 metres. Another 200 to 300 metres further southeast, KRC1508 to KRC1511, KRC1522, KRC1530, and KRC1531 tested the west side of the Sanu Filanan structure highlighted by 22.48 g/t Au over 15.0 metres beginning at 9 metres depth in KRC1510. Three hundred metres west of the main Sanu Filanan structure, KRC1537 intersected 1.24 g/t Au over 7.0 metres.



Table 1 Sanu Filanan Deposit

-----------------------------------------------------------------
Hole ID From (m) To (m) Length (m) Au (g/t)
-----------------------------------------------------------------
KRC1508 72.0 79.0 7.0 0.97
-----------------------------------------------------------------
and 95.0 101.0 6.0 9.80
-----------------------------------------------------------------
KRC1509 70.0 71.0 1.0 3.87
-----------------------------------------------------------------
and 79.0 80.0 1.0 1.70
-----------------------------------------------------------------
KRC1510 4.0 7.0 3.0 5.62
-----------------------------------------------------------------
and 11.0 26.0 15.0 22.48
-----------------------------------------------------------------
and 48.0 49.0 1.0 4.39
-----------------------------------------------------------------
KRC1511 1.0 2.0 1.0 34.80
-----------------------------------------------------------------
and 8.0 13.0 5.0 13.31
-----------------------------------------------------------------
and 22.0 24.0 2.0 2.55
-----------------------------------------------------------------
and 137.0 144.0 7.0 2.79
-----------------------------------------------------------------
KRC1512 13.0 20.0 7.0 10.06
-----------------------------------------------------------------
KRC1513 45.0 53.0 8.0 0.93
-----------------------------------------------------------------
and 58.0 60.0 2.0 2.08
-----------------------------------------------------------------
and 65.0 68.0 3.0 1.42
-----------------------------------------------------------------
and 142.0 146.0 4.0 1.01
-----------------------------------------------------------------
KRC1514 89.0 94.0 5.0 8.46
-----------------------------------------------------------------
KRC1522 85.0 87.0 2.0 14.50
-----------------------------------------------------------------
and 112.0 116.0 4.0 1.40
-----------------------------------------------------------------
and 127.0 137.0 10.0 0.95
-----------------------------------------------------------------
KRC1529 100.0 110.0 10.0 10.20
-----------------------------------------------------------------
and 118.0 128.0 10.0 1.72
-----------------------------------------------------------------
and 135.0 139.0 4.0 0.54
-----------------------------------------------------------------
KRC1530 54.0 56.0 2.0 1.89
-----------------------------------------------------------------
KRC1531 47.0 48.0 1.0 2.56
-----------------------------------------------------------------
and 61.0 62.0 1.0 2.80
-----------------------------------------------------------------
and 121.0 123.0 2.0 6.33
-----------------------------------------------------------------
KRC1537 82.0 89.0 7.0 1.24
-----------------------------------------------------------------




An updated location map will be posted on www.cassidygold.com shortly.

The Sanu Filanan deposit consists of near surface, potentially open-pittable, mainly oxide resource, outlined over a strike length of 900 metres. In October 2007, Coffey Mining estimated an Indicated Resource of 187,000 ounces of gold in 1,840,000 tonnes grading 3.2 g/t Au and an additional Inferred Resource of 242,000 ounces in 3,750,000 tonnes grading 2.0 g/t Au for Sanu Filanan, as part of the overall Indicated Resource of 466,000 ounces of gold contained in 6,736,000 tonnes grading 2.2 g/t Au and an Inferred Resource of 477,000 ounces of gold contained in 8,772,000 tonnes grading 1.7 g/t Au for the Kouroussa Project. An independent technical report describing the details of the resource study is posted at www.sedar.com.

Exploration Program

The latest phase of drilling commenced in late November 2007 and recently concluded with the onset of the rainy season in West Africa. The program comprised 14,899 metres in 138 RC holes covering 7 target areas. Drilling focused on extending the Junction deposit in the Sodyanfe area, connecting it with the Bag Farm zone. Drilling also tested the nearby Siadafa and Ridge prospects to the northeast and west, respectively. Resource drilling continued on three deposits in the Koekoe area: Sanu Filanan, JJ Vein, and KD-1.

Cassidy plans to review the resource picture and scoping scale studies for the Kouroussa Project.

Sampling and Assay Procedures

RC drill samples were collected from the cyclone and split using a 1 in 8 riffle splitter down to approximately 2.5kg in size. All samples were sent to the SGS analytical laboratory in Siguiri, Guinea for further sample preparation and fire assay using a 50-gram sub sample. Along with SGS internal quality control procedures, external field duplicates, blanks and certified standards are undertaken over 5% of all sampling. Quality control/quality assurance is closely monitored by Coffey Mining personnel.

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 & 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information