Teryl Resources Corp.
Teryl Resources Announces Approval of
US$1.5 Million 2010 Exploration Budget For the Gil
Joint Venture Gold Claims By Kinross Gold Corporation
VANCOUVER, BC, February 2, 2010 - Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) is pleased to announce a US$1,524,600 2010 budget has been approved by our joint venture partner Fairbanks Gold Mining, Inc. (FGMI), a subsidiary of Kinross Gold Corporation, on the Gil joint venture claims, as follows:
The 2010 Gil Project Exploration Program has three objectives:
1. Ground magnetometer survey.
2. Drilling at Sourdough Ridge.
3. Drilling on the western portion of area between the Main Gil and the North Gil.
The goal of the 2010 program is to further delineate the strike extension of the mineralized zones, and to infill between step-out holes, in order to gain a better understanding of ore-zone continuity. The 2010 work plan calls for ground geophysics, 11,000 feet of RC drilling, and 5,000 feet of HQ-NQ core drilling. In addition, fieldwork involving mapping, soil and rock sampling, and mobile metal ion (MMI) geochemical sampling will be performed.
The program will begin in April and will extend through the end of 2010.
To date, a total of US$9,000,000 has been expended by the joint venture partners, with Teryl and Kinross accounting for 20% and 80% respectively of total expenditures.
Teryl Resources Corp. Receives
$704,200 From Exercise of Warrants
VANCOUVER, BC, February 18, 2010 - Teryl Resources Corp. (TSX.V: TRC, OTC BB: TRYLF) is pleased to announce that 7,042,092 Warrants were fully exercised at $0.10 per share, pursuant to its 7,042,092 private placement offering that closed August 18, 2009.
John Robertson, President of Teryl Resources Corp., states, "The Company is well funded to complete its share of the $1.5 million Gil joint venture exploration program for 2010."
Teryl Resources Corp. Hires Certified Geologist
to Evaluate the Gil J/V Gold Prospect
VANCOUVER, BC, March 2, 2010, Vancouver, BC - Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) is pleased to announce that Teryl has retained Mark Robinson, a certified and qualified consulting geologist, to complete a feasibility study and a fair value analysis on the Gil J/V in the Fairbanks Mining Division.
Phase I - Proposed Scope of Work, as follows: Examine the tailings from placer mines on Slippery Creek and Lohr Creek to determine if intrusive rocks are present in the drainages. If present, they will be described and sampled, giving an indication of the possible intrusive-hosted mineralization in the area.
Examine the USSR&M ditch line between Slippery Creek and Too Much Gold Creek to determine if intrusive rocks are present in the area of the magnetic low.
Examine the outcrop/subcrop of the "White Schist" north of Sourdough and Gil North. Mineralized rock to be described and sampled.
Phase II - Gil J/V Fair Market Value, as follows: Phase II will consist of a fair market evaluation, utilizing 3D modeling of the proposed ore body, and a calculation of grade and tonnage contained within that model. The fair market evaluation will be completed by Mark Robinson, a highly qualified consulting geologist, who has first hand information on the Fairbanks Mining District since 1989.
Mark Robinson states, "Once the model is constructed, and grade and tonnage is determined, a mine model is developed and a cost estimate of the development is calculated. Next, a rate of return can be calculated, and the economic viability of the project can be estimated."
John Robertson, President of Teryl Resources Corp., states, "It is very important for Teryl to retain a highly qualified geologist such as Mark Robinson to complete an economic study on the Gil Joint Venture property. This will be key in gauging any future offers, which can then be evaluated."
Mr. Mark S. Robinson, P. Geo., State of Alaska Licensed Geologist No. 247 of Wrangell, Alaska, is independent of the Company as defined in NI43-101. Robinson is a Certified Professional Geologist (CPG) 6414 with the American Institute of Professional Geologists (AIPG). Other professional societies and certifications include: Society of Economic Geologists (SEG) fellow since 1985; American Geological Institute (AGI); and Alaska Miner's Association (AMA). Robinson is a Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.
About Teryl Resources Corp
With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80% Kinross/20% Teryl). To date, USD $9 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. A US$1.6 million budget has been completed for 2009 to draft test several gold anomalies on the Gil Claims. A US$1,524,600 2010 budget has been approved by our joint venture partner Fairbanks Gold Mining Inc. (FGMI), a subsidiary of Kinross Gold Corporation. The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. Teryl also has one joint venture silver prospect located in Northern BC, Canada. Teryl Resources Corp. has revenue from oil and gas projects in Texas and Kentucky.
For further information on Teryl Resources Corp. contact John Robertson, President at Phone: (604) 278-5996, Fax: (604) 278-3409, toll free 800-665-4616 or visit the Company's web site at www.terylresources.com.
Special Note Regarding Forward-Looking Statements-Certain statements in Gold Stock News Mining Stocks Updates constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions.
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