Teryl Resources | TRC.V/TRYLF | Profile
Teryl
Resources Corp., - TRC.V / TRYLF – has several gold prospects near
the Kinross Fort Knox Mine in Alaska, a silver/lead/zinc prospect
adjacent to Silvercorp's mine in British Columbia, and Oil & Gas
wells in Texas.
Teryl
has a 10% net profit interest in the Stepovich claims. A 100%
interest in the Westridge property and a 50% option on the Fish Creek
property, adjacent to the Gil property. Teryl sold its 20% interest
in the Gil property in Fairbanks, Alaska, to Fairbanks Gold Mining
Corp., a wholly owned subsidiary of Kinross Gold Corp., for $15
million dollars plus a ½ of 1% royalty for the life of the mine.
Teryl
owns a 30% working interest and a 10% NPI interest in the Silverknife
property, a silver/lead/zinc prospect located in Northern B.C.
adjacent to Silvercorp's silver/lead/zinc discovery.
Teryl
also has three producing oil and gas wells in Texas, these wells are
operated by Anadarko Petroleum.
Fish
Creek property
Teryl
Resources has already started a placer and hard rock diamond drilling
program on the Fish Creek property in the Fairbanks, Alaska mining
district.
The
drilling contract requires 15 days of placer diamond drilling at a
cost of $1,500 per day, for a 12 hour day. Teryl's consulting
geologist, Paul D. Gray, P.Geo. will oversee the drilling program,
core logging , and assay protocols on behalf of the Company. The
operator of the drill will be Kenn Roberts of Texas, and Pete
Rutledge, project manager.
Kenn
Roberts, a First Nations from Yukon has multiple years of drilling
experience in remote locations and has served as mineral development
advisor to First Nations.
All
recovered gold from this program will be Teryl, Inc.'s property to
divide with its partners. Keltic Bryce owns a 50% working interest
and Teryl, Inc owns a 50% working interest in the Fish Creek
property. Linux Gold Corp. retains a 5% royalty interest in Teryl,
Inc.'s interest.
The
Fish Creek property consists of 30 claims adjacent to the Gil
property, currently owned by Kinross Gold Corporation. The Gil 20%
interest, previously owned by Teryl Resources Corp., was acquired by
Kinross for $15 million dollars.
Westridge
Property
A
geological report on the Westridge gold property has been prepared by
David Adams, B.S., M.S., CPG. Teryl has appointed Pete Rutledge,
Geologist, as an independent contractor to evaluate the Westridge
property.
The
Westridge property is located approximately 16 km north of Fairbanks,
Alaska. The property consists of 48 State of Alaska mining claims
controlled by Teryl Resources Corp.
The
claims cover approximately 1,749 acres on the north flank of the main
ridge between Pedro Creek and upper Dome Creek; both of these
drainages were significant historic placer gold producers. Access to
the property is excellent: the Elliott Highway transects the
westernmost edge of the property, and the Silver Fox Mine road
transects the southwest portion of the property.
All
claim holdings comprising the property are in good standing, and no
encumbrances to future mining activities are known or anticipated.
SILVERKNIFE
PROPERTY OWNERSHIP:
•��
Teryl Resources Corp.
owns 30% working
interest
and has a 10% Net Profit Interest
(“NPI”)
•��
Minewest Silver &
Gold owns 70% subject to
the
10% NPI held by Teryl
The
Silverknife Property
(Mineral
Claims consisting of 1,594 Acres)
A
proposed Phase I exploration program consisting of a desk study
followed by a series of on-the-ground Property boundary and drill
collar location surveys, followed by geophysics and diamond drilling
with a
recommended
budget of $358,700 is recommended for the Silverknife Property. The
exploration programs (and budgets), presented herein, are designed to
identify the accurate location of the mineral titles boundary with
respect to historic drill collars and test the Silverknife Property’s
precious and base metal mineral potential and will yield enough
information to guide Minewest and Teryl subsequent mineral
exploration programs on the Property.
This profile/research report/email letter/blog/posting in forums/social-media/t/f does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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