Cassidy’s own Golden Gate. While contemplating how to interpret the significance of results announced by Cassidy on February 17 and 18, I suddenly cried “Eureka”. All you Greek scholars will of course remember how an ancient Greek philosopher, Archimedes, solved the dilemma of how to avoid death if he failed to find a way to assure that the King was not cheated on the amount of gold in a new crown. One day, while getting into his bath he noticed water spilling over the sides. In a flash, Archimedes realized the relation between specific density and volume. He could therefore confirm the amount of gold in the crown. Archimedes was so excited with his discovery that he hopped out of the bath, and rushed naked into the street yelling triumphantly, 'Eureka!' 'Eureka!' (Greek word for 'I have found it!).

I was using the abbreviation S.F. to identify the Feb. 17 assay information from the Sanu Filanan trend and was wondering whether, if I left that abbreviation in, it would be confusing in the future since there is another S.F. the Sanu Folo feature. My wandering brain then connected S.F. also to San Francisco, and thus, the Golden Gate, a bridge, the word gold and then the analogy  came to me! I didn’t run out into the street yelling Eureka! (couldn’t, cuz my bathtub leaks – go Cassidy go!!  I need to be able to hire a plumber).

Several persons had called asking, “What does this mean?”  I had said it was obviously good news. I was looking at the map provided on Cassidy’s site http://www.cassidygold.com/i/pdf/sanufilanan/2005-01_KoekoeAreas.pdf 

to pinpoint the location of the twelve new holes which had been drilled when it came to me. Twelve holes. (All showing cores with gold content in the S.F. trend!)  I quickly checked the count. Previously there had been 62 holes into the S.F. So, in little more than a month in 2005, the company had added 20% more confidence building knowledge and extended the length of the trend by almost 20% as well.

There’s more. Remember the feature that I was excited about and compared the geometry of it to an armpit?  Now, they have found at least two more “armpit” type features. These carry a lot more weight than the first ones we saw. These are fatter and carry a higher gold content. Therefore, we should call them by their proper geologic name, “Conjugate Shear”.  Look at the map to see how the NW end of the Sanu Filanan S.F. now extends to within a strong man’s spit distance of the Sanu Folo (there’s another S.F.) trend. See how the angle between the projection (just squint a little) of the S.Filanan trend and the S. Folo intersect at about a 30 degree angle. That’s the sign of a conjugate shear relationship. Now, let’s see which is likely the parent fault (or shear) and which is the conjugate (the child fault).  Look to the upper right of the map. There’s our old buddy the JJ trend, with a trend that is parallel to the S Filanan. So the S. Folo is maybe, an armpit. And does anyone want to bet on what will be found when the Reverse Circulation (“R.C”)  drill starts to investigate the territory between the JJ and the S. Filanan? More armpits I’ll bet! And that’s how more “tonnage” can be added, right here at our very own Golden Gate.  Of course, the “daddy S.F.” and “mommy JJ” fault trends don’t end where the drilling stops. They carry on towards the NW and SE. There hasn’t been any drilling there yet. Some other hints here too. When we look at the S. Filanan trend map there are “feathers” or “armpits” (showing in red color) pointing the other way (west) from the trend. Do you think that maybe that S.F. Daddy fault might have something going on the other side too? Could be! 

There are a lot of other “fault families”. Many are already indicated by the preliminary work. Maps showing geochemical signs just like the S.Filanan and JJ did suggest that the exploration of the “X”, “Banjo”, Sidafa, Mani can be equally interesting. Very interesting indeed! So the starting point, the gateway to the Guinean gold is right there at the S.F.’s!

Pity the poor consultants of RSG Global! They are hard at work calculating the quantity of gold resource indicated by the first two years of Cassidy’s explorations. But they are already behind by at least 20% because of new core holes already drilled in 2005.  So, by the time they release their first report, it will already be out of date by at least 20% - and even more when one considers that the Reverse Circulation (“RC”) drill drills up a storm relative to the core drill’s penetration rate. If the core drill did 12 holes you can bet that the RC has done more than 50 by now. So none of the new data (which has probably doubled the knowledge and confidence) will be in the first report expected within only a few weeks.

The fog is clearing. I think you can see already why I like the Golden Gate Bridge analogy. There’s more. For the first time I can remember since the time of getting the initial results from Guinea, the Company did a major financing without first having to see the very dickens kicked out of the stock price to make it attractive to investors. The issuance of $1.8 millions worth of shares at $0.60 p.s. announced Feb 18 must have been negotiated at the time when the shares were trading at between $0.45 and $0.50 p.s.  Someone else believes!

At last, the stock should buck every down trend! The pattern of needing to depend only on the local stalwarts, the investors from the Okanagan, all persons who know and respect JT (Gillis), seems to have changed. Whoever and wherever the new investors are from, the breakout from the “valley group of investors” is also a breakout from the rut that the shares had settled into.