November 23, 2005

About Eating Crow at Thanksgiving Ptooey!:

For a moment, Cassidy's news release on the eve of the US Thanksgiving holiday left me feeling like I had black feathers ringing my mouth. (I've never heard anyone's opinion of how crow really tastes.  Has anyone ever actually had crow?)  The news about restating Sodyanfe discovery results chilled me. I had really crowed about it in my last blog. But I was afraid it had turned "turkey" when I first read the note. Thankfully, although the restated results no longer indicate an almost "instant mine" they are a good ordinary course exploration result. The 60 meters of 3.28 grams per ton gold in hole KRC669 is shrunk to 32 meters of 0.788 g/t plus 1 meter of 2.65 g/t. Bit of a bummer, but still OK. What happened? Cassidy cant/wont tell. Bet it will never happen again though. A re-reading of the portion of the RSG report pertaining to assaying and sampling provides comfort. Stringent error detecting protocols are used. I see no reason for anyone to cast doubt on any other results. There are too many consistencies in the data. Incidentally, RSG's calculations of resource exclude all doubtful data. So regarding my rant about this in the last blog, very sorry Engineers.

Forgive me.       

Thankfully, the main course of this "newser" was definitely not cause to eat crow:  Results included 1 meter interval "refinements" from the earlier reported Sodyanfe drilling. Some show better grades than originally stated. So it isn't all downhill. The results of 4 meter interval assays on ten more holes on Sodyanfe confirm this to be an area of widespread gold occurrence. Assay results for 11 more holes drilled to further evaluate the high grade KD1 area continue to show expansion of this rich area.  Management refers to drilling at Sanu Folo and Sanu Filanan area in order to extend and confirm resource calculations. This the most advanced area is both, fattening and lengthening. Referring to numerous other still undrilled geochem prospects is a good review and a further reminder of why I own the stock.

Yer Geology Lesson: Of especial interest is the almost offhand comment that the RAB drill has found gabbro. This is a plutonic intrusive igneous rock. The locality is mentioned only as being NW of KD1 area. Gabbros, often called "greenstones" are  associated with major gold bearing occurrence. If this intrusive turns out to be the source of the gold we see in the mineralized zones of the "country rock", then logically, the gabbro will become a focus for the search for the "true giant mother lode". The example of a greenstone belt with a history of prolific gold output includes the famed Abitibi Greenstone Belt of the Ontario and Quebec gold mining districts. Cassidy, your horizons have expanded! Youve gone green!

Irony: Too many times in the past I have lamented that the better the news, the lower  Cassidy share price gets. Indeed, I have resorted to sarcasm! I suggested that the company should issue bad news to move the share price up. Know what? It works!! This report is the first in recent memory to contain a vestige of the "discouraging word" that we are not allowed to hear at our home, home on the range. Today, the stock actually gained 10% on the day. So take that Roy Rogers! And tell your songwriter Cole Porter you should have had him stuffed just like you did Trigger, or, like might happen to anyone that shorts CDY!!     

Disclosure

 Ed Zederayko is a shareholder of Cassidy Gold Corp. He is not an insider of the company.