Teryl Resources Corporation
240 - 11780 Hammersmith Way
Richmond, British Columbia V7A 5E9, Canada
Toll Free 800-665-4616
Teryl Resources Corp. is one of the main holders of gold mining properties in Alaska's Fairbanks Mining Division with significant land holdings around and adjacent to Kinross' Fort Knox Mine, one of the largest producing gold mine in Alaska. The properties include the Gil project, which was (terminated May 31, 2011) joint venture with Kinross Gold and Teryl, the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF), and the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross. The Company also has a 100%-interest in the West Ridge property which is adjacent to the True North deposit owned by Kinross.
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 USD$1.6 million budget has been completed for 2009 to draft test several gold anomolies on the Gil Claims.
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.
Teryl Resources Corp.'s Gold and Silver Properties in Alaska include the following:
Gil Claim Joint Venture Property l West Ridge Claims
Fish Creek Claims l Stepovich Claims
- Teryl is one of the main property owners in the Fairbanks Mining Division around and adjacent to Kinross' producing Fort Knox Mine and True North property.
- Teryl's properties include the Gil, West Ridge, Fish Creek and Stepovich properties.
- Teryl's Gil property (20% Teryl, 80% Kinross) is located adjacent to the Fort Knox mine.
- To date, Teryl has spent $1.6 million on exploration that has defined a resource of 400,000 ounces of gold (10 million tons grading 0.04 ounces per ton gold).
- The main zone that contains this resource ranges in thickness up to 80 feet and has been followed for over 2,500 feet. The zone remains open along strike and at depth.
- The West Ridge property (100% owned by Teryl) contains two gold zones ("East" and "West" anomalies). Both anomalies contain elevated gold in soil, the West mineralization being associated with high levels of arsenic and antimony similar to the chemistry of gold mineralization found at Kinross' True North deposit (616,000 ounces of gold at 0.046 ounces per ton gold). To date, Teryl and Kinross have spent about $350,000 on the exploration of the West Ridge property.
- The Fish Creek Property (50% owned by Teryl by option) is located adjacent to the north of the Company's Gil Property. Elevated gold values, identified in an auger drill program, suggest the property may contain an extension of the mineralized zone found on the Gil property.
- The Stepovich property is owned 100% by Kinross subject to a 10% net profit interest owned by Teryl. The property is adjacent to the Fort Knox gold deposit and could be readily available for production to feed the Fort Knox Mill.
- The Company believes its properties in Alaska could contain significant deposits of ore similar to that found at Fort Knox and True North. These deposits, once defined, could be readily put into production and processed at Kinross' Fort Knox mill.
Share Structure (As of 9/26/2011)
TSX-V: TRC / OTCBB: TRYLF
Shares Outstanding: 58,749,620
Shares Authorized: 100,000,000