Cassidy Gold Corp.
TSX VENTURE : CDY

Cassidy Gold Corp.

July 17, 2007 14:43 ET

Cassidy Gold Corp.: Extending JJ Deposit at Kouroussa Gold Project, Guinea

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Cassidy Gold Corp. (TSX VENTURE:CDY) is pleased to announce results from ongoing reverse circulation (RC) drilling on its 100%-owned Kouroussa Gold Project, located in Guinea, West Africa. Thirty-one RC holes totalling 2771 metres stepped out along strike on the JJ Vein structure to the southeast and to the northwest. Highlights include 5.33 g/t Au over 5.0 metres in KRC1196 and 3.15 g/t Au over 8.0 metres in KRC1200. True widths are approximately 90% of drilled widths.

Thirteen drill holes stepped out 275 metres to the southeast, following up on previous favourable results (see Cassidy Gold Corp. News Release, February 6, 2007). KRC1200 intersected 3.15 g/t Au over 8.0 metres immediately south of the resource model. Mineralization appears to be displaced 25 metres to the northeast, 100 metres southeast of KRC1200, reappearing in KRC1270 with 4.96 g/t Au over 3.0 metres. Sixty metres further southeast, KRC1196 and KRC1197 intersected 5.33 g/t Au over 5.0 metres and 2.37 g/t Au over 5.0 metres, respectively, before weakening in KRC1198 and KC1199, another 40 and 80 metres to the southeast.



Table 1 JJ Vein South
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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1195 5.0 6.0 1.0 2.83
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KRC1196 7.0 12.0 5.0 5.33
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KRC1197 32.0 37.0 5.0 2.37
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KRC1198 25.0 27.0 2.0 0.62
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KRC1199 0.0 1.0 1.0 1.07
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KRC1200 42.0 50.0 8.0 3.15
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KRC1270 10.0 12.0 2.0 0.93
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KRC1270 19.0 22.0 3.0 4.96
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KRC1270 55.0 56.0 1.0 2.48
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KRC1271 6.0 7.0 1.0 1.19
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KRC1340 66.0 68.0 2.0 1.54
--------------------------------------------------


Mineralization associated with the JJ structure continues to the northwest but is generally quite thin and erratic. Locally, grades are strong up to 100 metres northwest of the resource model. KRC1207 intersected 10.85 g/t Au over 2.0 metres, 60 metres to the north and KRC1209 intersected 70.0 g/t Au over 1.0 metres possibly related to the Sanu Folo structure. Further to the northwest, KRC1273 intersected 1.08 g/t Au over 5.0 metres near the top of the hole, suggesting that the zone bends or branches toward the west, parallel with Sanu Folo.



Table 2 JJ Vein North
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Hole ID From (m) To (m) Length (m) Au (g/t)
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KRC1204 59.0 60.0 1.0 2.62
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KRC1206 28.0 29.0 1.0 4.76
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KRC1206 90.0 91.0 1.0 4.62
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KRC1207 22.0 23.0 1.0 1.04
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KRC1207 84.0 86.0 2.0 10.85
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KRC1208 18.0 21.0 3.0 0.71
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KRC1208 92.0 93.0 1.0 1.53
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KRC1209 4.0 5.0 1.0 70.00
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KRC1210 12.0 13.0 1.0 1.15
--------------------------------------------------
KRC1210 37.0 38.0 1.0 4.48
--------------------------------------------------
KRC1211 38.0 39.0 1.0 1.78
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KRC1212 - 5.0 5.0 0.80
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KRC1212 26.0 27.0 1.0 2.26
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KRC1272 40.0 43.0 3.0 0.79
--------------------------------------------------
KRC1273 1.0 6.0 5.0 1.08
--------------------------------------------------
KRC1274 5.0 6.0 1.0 2.65
--------------------------------------------------


In the latest resource calculation, completed by RSG Global in September 2006, the JJ Deposit included 29,000 ounces of indicated resource in 188,000 tonnes grading 4.9 g/t Au and 20,000 ounces of inferred resource in 194,000 tonnes grading 3.2 g/t Au.

Results for the KD-1 prospect, 250 metres northeast of JJ Vein, are currently being compiled. Updated location maps will be posted on www.cassidygold.com shortly.

Planned Exploration

Drilling continues on the Sanu Filanan structure to the northwest, and on the Sanu Filanan Extension. At Kinkine, a few RC holes will be extended with diamond tails to test mineralization to a depth of around 200 metres. The current phase of drilling is expected to be completed by the end of July. Resource modelling is planned for August and an updated resource estimate can be expected in September.

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 & CEO

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

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