I Told You So!

More rich intercepts of gold  reported in the "JJ Vein". These provide unarguable evidence of rich gold bearing continuity to great depth. Cassidy's ability to aim the drill so as to consistently intercept gold laden zones provides proof that their geologic interpretations are correct. The only other explanation would be that the gold is so widely distributed that you can't miss it!

Cassidy has also been drilling on at least three other promising localities. When the assayers' reports catch up to the drills, it will, hopefully be to report that "Gold! You cawnt miss it"?

Your Geology Lesson

The geometry of the JJ Vein, its extensions and its neighbouring mineralized zones will govern whehter the deeper part of the "JJ Vein" and the associated deposits are best mined by open pit or from underground. The reported grades satisfy profit calculations for either method. The JJ is obviously a shear zone. It is one of a family of shears that were fed gold-mineralizing fluids from the guts of the earth. Mining methods chosen to exploit the deep zones will depend on how the zones coalesce and on physical stability of the rock at depth. The area surrounding the JJ is already credited with containing almost 600,000 ounces of gold resources. The extensions identified by this drilling may be cause for "officially" calculating the "million ounce miracle" that seems to so attract the market. If Ed Sullivan was still around to comment he would probably say, "The really big shew is when the market figures out that there are at least three other related neighbouring zones that must extend to depth too!"

Your Stock Lesson

Inexperienced mining investors may find it hard to accept that this is good news. The lack of price movement on the shares is disappointing. The bald-ass truth is that information learned over the past two years very strongly reiforces my early projections of gold content potentially becoming worth tens of dollars in value per share of Cassidy. Cassidy's shares are far better underpinned by identified resources of gold than are those of any other similar sized company. The news means the shares have become increasingly undervalued. Part of the cause is concern about instability in the Government of Guinea.

Investor Relations

Management's dedication is keeping the treasury capable. Available funds are used to improve the asset. The decision to not stridently promote share price alienates some shareholders. These include one of North America's foremost "mining stock gurus". Recently, Cassidy engaged an investor relations firm to improve its market popularity. I have not yet seen any activity attributable to the efforts of the PR firm.

Cassidy does not participate in "pump and dump" stock promotional activity. This disappoints the fast money crowd. Cassidy attracted very knowledgeable investors. These collectively now hold more than 50 per cent of the shares outstanding. They hold warrants to buy even more.

Those knowledgeable large shareholders are the small investor's shield. None will allow any other to acquire absolute control at a bargain price. All can prevent predation by the senior mining companies that typically prey on the juniors. All did provide funds to advance the work. The largest shareholder, Dundee Precious Metals, manages actual mine building and mine operations.

Projections

My several year old value projection was, and still is, based on geological observations that lead to logical conclusions.

First: Gold is found at surface here at many localities.
Second: Because gold is found in bedrock, the depth of gold bearing zones could easily be several times the depths to which drilling has proved occurrences. These are "mother lodes"! More drilling will greatly improve the ability to do extensions and make new finds.
Third: Average grades and thickness of zones consistently justify anticipation of economic success based on comparison with operations with the other mining companies working nearby.

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