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TRYLF revoked:
https://www.sec.gov/litigation/admin/2017/34-81127.pdf
TRYLF SEC Suspension for delinquent Financials / Filings:
https://www.sec.gov/litigation/suspensions/2017/34-80292.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80292-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-80293.pdf
I see some insider buying. I wonder if they started their buyback program. With this spike in volume I would think so! Let the games begin!
"In December 2011, Teryl sold its 20% interest in the Gil Project in Fairbanks, Alaska to Kinross Gold for $15 million and royalty rights, including a $2.5 million upfront payment."
V.TRC PROFILE
A look into the past prices of gold shows that there are only rare occasions which investors in the precious, yellow weren’t handsomely rewarded in the relatively short term. After all, there haven’t been many times that gold prices have sustained much of a downtrend, especially since ringing-in the 21st century. But, rarely do investors want to look backward when it comes to gold. Generally speaking, it’s all about the future and that’s what spikes curiosity about where metals of all sorts will be going.
Investors could walk to Wall Street or Bay Street and pick ten analysts only to get ten different predictions about where gold prices will be at the end of 2012 following a more than decade-long run that sent gold to record highs. The safe bet to place, though, is that miners will still be able to operate profitably whether bullion prices gallop through $2,000 (as some experts predict) or retrace to $1,400 (as other experts believe). Fact is that at those prices, there is still a great opportunity for miners to run profitable operations.
Moreover, it does not matter what gold does in the near term when it comes to long-term investing in commodities or in developmental explorers. Gold has held its appeal since the days of ancient Egypt and will continue to do so for many years to come as long as it remains a rare commodity.
From an investing standpoint, gold has been long-heralded as the safe haven against riskier equities. The markets collapsing four years ago led to a record bullion price. Its high before this latest peak was in 1980, during the height of the Cold War when inflation was zooming to its highest levels ever. In a nutshell, gold is a prince when times are good, but king when times are tough.
There is some credence to the world standing on firmer ground towards economic recovery today as Greece’s debt problems are under wraps for the moment and economic data from the U.S. continues to outperform. But, potentially ballooning inflation is still a major concern with interest rates at historic lows and QE3 always a possibility with any sign of loss of economic stability. Inflation was ringing-in at a scorching 3.9% in the third quarter of 2011 and, even just because it has dropped mildly, doesn’t mean it’s as fine as politicians want everyone to believe.
Gold will be fine all on its own, but any number of catalysts that are hanging in the balance can light a fuse under it and send it soaring again.
Industry titans should continue to trek higher with gold, but their upside percentage is certainly limited by their high share prices, and really only serve to diversify a broad portfolio. When the markets were getting crippled four years ago, the majors had considerably more headroom, but as the markets continue to recover and push towards old highs, more money is flowing back into the junior miners, creating a lot of liquidity and casting a light on well-positioned developmental firms like dually-listed Teryl Resources Corporation (TSX-Venture:TRC) (OTCBB:TRYLF). The company is headquartered in the mining heartland of North America, Vancouver, British Columbia, and has ownership in a portfolio of projects located in prolific gold regions of Canada and the United States that are associated with some of the biggest names in the metal mining business.
Over the last few years, Teryl has focused its main exploration and development work on the Gil claims, a gold prospect located in the Fairbanks Mining District, Alaska. Gold is Alaska’s most valuable non-energy commodity with nearly 40 million ounces of gold coming from its ground to date. Late in 2011, the company made a savvy move to sell its 20 percent working interest in the 237 Gil claims to industry juggernaut Kinross Gold Corp. (TSX:K) (NYSE:KGC) while keeping a 1% net smelter return rate on all production up to $15 million. At the $15 million mark, the royalty is reduced to 0.5%. At closing, Kinross paid Teryl $2.5 million as an advance payment of the production royalty. An additional advance payment of royalty of $1.5 million will also be paid to Teryl upon commencement of commercial production from a mine constructed on the property. While those Gil claims have been sold, the company still holds more property in the area.
In fact, Teryl has several gold prospects in Alaska near Kinross’ Fort Knox Mine (with more than 800,000 ounces of gold reserves); a 100% interest in the Westridge property (located just down the road from the Fort Knox mine); and a 50% option on the Fish Creek property, adjacent to the Gil property. Teryl also owns a 10% net profit interest in the Stepovich claims, near the Fort Knox deposit; and a 30% interest and 10% net profit royalty in a silver property located in Northern B.C. adjacent to Silvercorp's (TSX:SVM) (NYSE:SVM) silver lead zinc discovery. Silvercorp is slated to begin production this year on their property which has 35 million ounces of silver indicated and inferred. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. The oil and gas interests generate about $2,000.00 a month for Teryl.
There are a few key elements here that must not go unaddressed. For starters, Teryl is well-funded. They have a balance sheet that shows cash on hand that is virtually unparalleled by peers that are always on the hunt for cash. There is absolutely no need for dilution and the company’s revenue stream looks to only grow wider as time passes. That’s a true anomaly in the junior miner space that bears recognition.
Second, Teryl has a penchant for striking deals that can yield long-term revenue streams as indicated by the claims mentioned above. It’s a prescient business move that not many juniors can make happen simply because they don’t have the properties to justify the agreements. Their interest in the property located next to Silvercorp’s massive silver project is one to keep a close eye upon. Data shows that the mineralization from Silvercorp’s land looks to be running right into the heart of Teryl’s. If Teryl taps the ground and confirms that strong silver deposits are located there, another healthy royalty deal or perhaps even an acquisition offer could be in the making in the near future as Silvercorp is already heading into production on the property, so expanding and exploring the adjacent land could be a win-win for both organizations.
Teryl has also turned its attention towards other holdings in the Fairbanks Mining District and applied for an exploration program permit to drill five targets on the road accessible Westridge property, which is about 2 miles from the True North Mine, which has produced approximately 450,000 ounces of gold. The 2012 Westridge Exploration Program is designed to test both the placer and lode targets located within the claim block. Previous lode exploration has identified 5 targets within the Westridge Area.
Several of the targets have been explored to limited degrees with results showing grades up to 1.6 g/t gold across 10 meters. Creeks in the area such as Dome, Fox, Steamboat, and Flume were mined extensively for placer gold. Limited past exploration in the 1990's and 2003 show shear and intrusive hosted gold mineralization at the Old Glory Prospect, Black Dome Prospect, East Anomaly, West Anomaly and the Moose Creek Anomaly. The company expects to complete two phases of exploration on the property which will cost approximately $200,000. Money from the Gil sale is in corporate coffers, so no additional funding is required.
The Teryl management team has a rich history of mining experience as well as finance and regulatory compliance. CEO, President and Director John Robertson has held those positions since 1982 at Teryl. He has an extensive background in the mining sector, including serving as president of Linux Gold Corp., Teryl’s JV partner at Fish Creek. Director Susanne Robertson has a resume that includes various positions at the Royal Bank of Canada (TSX:RY) and being the owner of SMR Investments, which has expertise in raising funds for public companies.
Technically speaking, the TRC chart has the look of a solid bottom play. The stock price moves easily, surging to and from the recent levels of 6 cents up to 10 cents and 8.5 cents on two occasions already this year before settling back down to a firm support in the area of 6 cents only to rise again. Resistance is scattered, but the price per share (pps) only meets some secondary resistance on rises to 8.5 with some stronger resistance at old highs of 10 cents, leaving a great deal of headroom immediately with a support level in close proximity. Bottom support comes in at 5.5 cents, a price that the stock has not closed below since the markets crashed in late 2008 (where it rebounded all the way up to 39 cents). Additionally, the pps is again above the 50 day moving average (which is trending upward) and challenging the 200 dma. A break of the 200 could signal an overall reversal in the chart into bull-mode.
The Moving Average Convergence/Divergence (MACD), an indicator of trend, has been uptrending since October of 2011, creating a positive divergence with the price per share. Moreover, the MACD has broken through zero (called “the money line”) and is holding above that key level, another sign of overall bullishness in a chart.
Volume-based indicators that track the flow of money are steadily trending upward, showing that cash is primarily coming into the stock, even when the price dips. The Relative Strength Index (RSI), a measure of momentum in a stock chart, has made a move again and is heading upward and now breaking through 50. This movement falls right in line with most of the indicators that are showing overall strength in the TRC chart. Given a catalyst such as a strong press release or an overall increase in volume, this stock could really head higher in a short time span as volume averaged over the last three months at just under 25,000 shares a day.
With support being indicated at around $0.06 a share, stop losses just below that level may be wise moves to protect against unwanted downside pressure. As we always mention at this point, these are merely the interpretations of AllPennyStocks.com. We encourage all investors to do their own due diligence and consult with a financial advisor prior to making any investment decisions.
The company’s share structure is intact with only 72 million shares outstanding. The 7.5 cent price tag on a share currently only gives Teryl a small market cap of $5.5 million. As mentioned earlier, the key to any investment is the headroom for growth with the fundamentals to support the growth. Teryl has the key ingredients for expansion in valuation with a portfolio of properties that dwarfs other companies its size and agreements in place to continue to bring revenue the company’s way for many years to support further exploration on its projects. It is for these reasons, as well as the ones listed above, that we have decided to shine our next corporate spotlight on Teryl Resources Corporation (TSX-Venture:TRC) (OTCBB:TRYLF) and encourage our members to begin their due diligence and promptly add it to their watchlists.
As always, more information on Teryl Resources Corp., (TSX-Venture:TRC) (OTCBB:TRYLF) can be found by going to the full Teryl Resources Corp. profile at AllPennyStocks.com or by clicking here.
INVESTMENT HIGHLIGHTS
Strong Portfolio. Teryl Resources Corp. owns a broad portfolio of holdings consisting of five gold properties located in Alaska and British Columbia. The company also has a small revenue interest in three producing oil and gas wells in Texas and another energy property in Kentucky.
Strong Books. In addition to the $2.5 million already received, Teryl holds royalty rights on several properties, has another payment scheduled once Kinross begins production at the Gil Project and is generating additional revenue from its Texas oil and gas holdings.
New Drill Program. With cash in hand from the Gil Project sale, Teryl has applied for permitting to commence a new drill program on its Westridge property, located only two miles from the True North Mine which has produced approximately 450,000 ounces of gold.
Experienced Management. Led by John Robertson as CEO, President and Director, the Teryl executive team has a wealth of experience in mining, finance, and regulatory compliance.
OVERVIEW
Teryl Resources Corp. has several gold prospects in Alaska near the Kinross Fort Knox Mine, a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property. Teryl retains a ½ of 1% royalty until $15 million is paid in payments from the Gil property in Fairbanks, Alaska, to date $2.5 million dollars has been received; a 10% net profit interest in the Stepovich claims, near the Fort Knox deposit; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator.
AllPennyStocks.com has been compensated eight thousand five hundred dollars by the Company for its efforts in presenting the V.TRC profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report.
http://www.allpennystocks.com/aps_ca/company_spotlights/archives/trc.asp
I see as of this morning. Teryl is now trading in Canada.
After this news/closure of the deal we should be standing well with Cash in the Bank. Let the exploration commence/continue on the other properties.
News out this week...I know I'm a little late.
Teryl Resources Corp. Disposition of 20% Interest in the Gil Property Approved by Shareholders at EGM
9:00AM ET on Wednesday Dec 14, 2011 by PR Newswire
Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) is pleased to announce that the disposition of its 20% interest, to Fairbanks Gold, of the Gil property located in the Fairbanks Mining District was approved by the shareholders on December 8, 2011.
The vote was in favour of the sale, with 25,285,215 million votes for and 9,903,866 against. The Company will receive US$2,500,000 as an advance royalty payment upon completion of the definitive agreement. The next payment for US$1,500,000 as an advanced royalty payment will be paid upon commencement of production and a 1% Net Smelter Return (NSR) until $US15,000,000 has been paid, including the $US4,000,000 payments.and 0.5% thereafter for the life of the mine.
Subject to the approval of the sale of the 20% interest of the Gil property by the regulatory bodies the 100% owned Westridge property, located near the Kinross owned True North deposit, will be drilled and the Fish Creek property will be explored next year. Joint Ventures have and will be pursued for the Teryl properties,including the Westridge property, Fishcreek property, and the Silverknife claims, which is a silver/lead/zinc prospect located in British Columbia adjacent to Silvercorp Minerals silver/lead/zinc prospect."
The sale of the 20% interest in the Gil joint venture is subject to regulatory bodies' approval.
Teryl Resources Corp. is currently suspended from trading as a result of a cease trading order issued by the British Columbia Securities Commission effective December 8, 2011.
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture - has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property (held by its 100% owned U.S. subsidiary, Teryl, Inc.; a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson President
Press Release contact information: John Robertson President, Teryl Resources Corp. T: 800-665-4616 http://www.terylresources.com
Trading halted in Canada. News out.
Placer Mine possibly going in
Linux Gold Corp. Completes Assessment and Rental Fees for 2011
2 hours ago by PR Newswire
Linux Gold Corp. (LNXGF-OTCBB) completes rental fees and assessment on the following claims in Alaska:
Trout Property - Comprised of claims covering several blocks in the Livengood-Tolovana Mining District near International Tower Hill (ITH.V). The International Tower Hill property is proving to be a major gold discovery with a reported 12 million oz. gold indicated and inferred. Linux is preparing a drill program on Trout for Spring 2012. Assays pending on an exploration program for 2011.
Dime Creek - On the eastern Seward Peninsula of Alaska, Linux Gold Corp. owns a 100% interest in a strip of 12 contiguous State of Alaska mining claims. Both have placer and Lode potential.
Fish Creek (50-50 JV Property) - Linux Gold Corp. holds a 50% interest in 30 mineral claims known as the Fish Creek Prospect situated 20 miles northeast of Fairbanks. The 50% interest is optioned to Teryl Resources Corp. (TRC.V), wherein after $400,000 is spent, Linux can backin for a 25% interest or keep a 5% net profit interest. Furgo Airborne Survey, Inc. has identified six main gold targets on the site and Linux is considering a low-cost placer mining operation. An exploration program is planned in 2012.
Material change report - filed yesterday at sedar.com
Not is Canada...no volume yet:{
TRYLF ----->>> It is nice to see a 41% gain here today!
GO TRYLF : )
SC
Good morning to everyone!! If you are new to the TRYLF message board, I highly encourage you to look at all of the information about Teryl Resources before making a decision to invest here.
This is a great organization, with gold, oil and natural gas to back them up, but always do your DD about this stock (or any stock) before you invest.
Please post your comments here about Teryl Resources - both positive and negative ones are welcomed. If you post a negative comment about Teryl, please back it up with facts! This will encourage discussion on this board.
Lets see what TRYLF has to offer today >>>>> GO TRYLF <<<<<
Slow day here today but no worries on my end! I am closing up shop here for the day and will not be back until tomorrow morning but, if you are new here and are thinking about investing in TRYLF, please take a look around and do your DD.
Have a great night .... GO TRYLF!!!!!!!!
SC
Good morning to everyone!! If you are new to the TRYLF message board, I highly encourage you to look at all of the information about Teryl Resources before making a decision to invest here.
This is a great organization, with gold, oil and natural gas to back them up, but always do your DD about this stock (or any stock) before you invest.
Please post your comments here about Teryl Resources - both positive and negative ones are welcomed. If you post a negative comment about Teryl, please back it up with facts! This will encourage discussion on this board.
Lets see what TRYLF has to offer today >>>>> GO TRYLF <<<<<
I see that we are green (up 23%) on low volume (110,000).
That is ok with me ... we will build this slow and steady! Please remember that we will have our up and down days with TRYLF but slow and steady up is what we want here.
GO >>>>> TRYLF <<<<<<
No worries here. Volume will pick up for TRYLF soon enough. Solid news today.
Still a low volume day post good news. Takes time for people to catch on. Tomorrow maybe or last hour of trading today.
Gotta head into work >>>>> hope everyone has a profitable day!
WE ARE GREEN AND UP ALMOST 23%!
TRYLF is about to blast off!!!!!
GO TRYLF!!!!!!!!!
I will be back later tonight
SC
Good to know ... thanks for the update
They are resuming trading in Canada at 10:30 . Let the good times roll.
This should take care of most of there exploration cost and any of there liquidity issues for the near future.
Woodtick >>> I agree with you 100% With this LOI, TRYLF should be able to provide shareholders with both increasing short term and long term strength : )
I like this as well!
GO TRYLF!!!!!!!!!!
Good news! This should take care of most of there exploration cost and any of there liquidity issues for the near future. I do like!
Bid/Ask +++>>> .10/.1122
Good way to start the day!
GO TRYLF
thanks, time for more eyes to discover this gem IMO.
Glad to have you here my friend .... time for the TRYLF train to start building up some steam and heading down the tracks!
Get your tix and ALL ABOARD!
GO TRYLF
Just bought some in Frankfurt, let´s see what happens today!
It certainly does >>>> things are looking better and better for TRYLF!
GO TRYLF!!!!!!!
looks like nice news for TRYLF
NEWS ALERT FOR TRYLF!!!!!!!!!
Teryl, Inc. (Subsidiary of Teryl Resources Corp.) and Fairbanks Gold Mining Inc. (Subsidiary of Kinross Gold) Sign Letter of ...
Date : 09/27/2011 @ 6:00AM
Source : PR Newswire
Stock : Teryl Resources Corp (QB) (TRYLF)
Quote : 0.0832 0.0 (0.00%) @ 7:56AM
Teryl, Inc. (Subsidiary of Teryl Resources Corp.) and Fairbanks Gold Mining Inc. (Subsidiary of Kinross Gold) Sign Letter of ...
print
Teryl Resources Corp (QB) (USOTC:TRYLF)
Intraday Stock Chart
Today : Tuesday 27 September 2011
Teryl, Inc. a U.S. subsidiary of Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) wishes to announce it has signed a letter of intent regarding the sale of the 20% interest in the Gil property, located near Fairbanks, Alaska, with Fairbanks Gold Mining Inc., a subsidiary of Kinross Gold Corporation.
The purchase price consists of a $2,500,000 advance royalty payment upon the closing of the definitive agreement; a $1,500,000 advance royalty payment upon commencement of commercial production from the property; 1% royalty of net smelter returns until $15,000,000 is received and thereafter a 0.5% royalty of net smelter returns for the remainder of the life of the mine. All funds are U.S. dollars.
The transaction contemplated in the letter of intent is subject to shareholder approval, regulatory approval and the execution of a mutually acceptable definitive agreement between Teryl and Fairbanks Gold Mining Inc.
Teryl Resources Corp. has completed a preliminary assessment of its 20% interest in the Gil property. This assessment can be found on our website at www.terylresources.com.
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture – has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property (held by its 100% owned U.S. subsidiary, Teryl, Inc.); a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson, President
Press Release contact information: John Robertson, President, Teryl Resources Corp. T: 800-665-4616 http://www.terylresources.com
READER ADVISORY
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This news release 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.
SOURCE Teryl Resources Corp.
TRYLF NEWS: Teryl, Inc. a U.S. subsidiary of Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) wishes to announce it has signed a letter of intent regarding the sale of the 20% interest in the Gil property, located near Fairbanks, Alaska, with Fairbanks Gold Mining Inc., a subsidiary of Kinross Gold Corporation.
The purchase price consists of a $2,500,000 advance royalty payment upon the closing of the definitive agreement; a $1,500,000 advance royalty payment upon commencement of commercial production from the property; 1% royalty of net smelter returns until $15,000,000 is received and thereafter a 0.5% royalty of net smelter returns for the remainder of the life of the mine. All funds are U.S. dollars.
The transaction contemplated in the letter of intent is subject to shareholder approval, regulatory approval and the execution of a mutually acceptable definitive agreement between Teryl and Fairbanks Gold Mining Inc.
Teryl Resources Corp. has completed a preliminary assessment of its 20% interest in the Gil property. This assessment can be found on our website at www.terylresources.com.
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture – has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property (held by its 100% owned U.S. subsidiary, Teryl, Inc.); a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson, President
Press Release contact information: John Robertson, President, Teryl Resources Corp. T: 800-665-4616 http://www.terylresources.com
READER ADVISORY
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This news release 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.
SOURCE Teryl Resources Corp.
Woodtick >>>>> I have to step away for the afternoon, but please look to see if you can find more info. on the pending news. Post what you have but just remember to post solid DD >>>>> we are trying to provide a solid spot of information for future investors : )
Thanks for anything that you post!
SC
Gotta love pending news >>>> GO TRYLF!!
Teryl has been halted in Canada due to pending news!
Woodtick >>>> thanks for the kind words. I will be adding to the i-box over the next few weeks and, of course, I will post news and updates from the company instantly : )
Thanks again and GO TRYLF!
SC
Nice work on the Ibox. Looking good! You way beat me to doing anything on this board. Good job!
I have been in for a couple months now.
Looking forward to exploration results.
NEWS RELEASE 2 (AUGUST 2011)
8/3/2011 4:21:19 PM ET News Release Index
Teryl Resources Corp. Announces Drill Program to Commence on 100% Owned Westridge Property, Fairbanks, Alaska
For Immediate Release: August 3, 2011. Vancouver, BC – Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) wishes to announce that a drilling program is planned this season, subject to adequate financing, to test several anomalous gold targets. The Westridge claims are 22 miles, by road, north of Fairbanks, Alaska and adjacent to the 1.3 million ounce gold deposit called the True North Prospect, which was previously purchased by Kinross for 96 million dollars of shares and cash.
Previous results announced on September 29, 2004 as follows:
Rock and soil sampling was conducted in August approximately 1,600 meters west of the Old Glory prospect where the Company discovered significant gold mineralization in 2003 (see News Release dated April 28, 2004). Exploration in the newly discovered area was prompted by past soil sampling conducted by Amax Gold that indicated anomalous gold and arsenic in soils on the ridgeline between Moose Creek #1 and Moose Creek #2. Initial sampling consisted of 14 soil samples and 20 rock samples collected from hand-dug pits.
One of two areas selected for this work returned soil samples containing gold values ranging up to 848 ppb with elevated arsenic and antimony values. Gold, arsenic and antimony values were consistently higher in soil samples collected over granodiorite intrusive host rocks suggesting a possible genetic association between the intrusive rocks and gold mineralization. Rock samples collected from the same hand-dug pits where soil samples were collected returned gold values ranging up to 4,350 ppb (4.3 gpt or 0.127 opt). Gold was associated with anomalous arsenic and antimony and was hosted by iron oxide stained quartz-bearing intrusives and quartz-mica schist of the Fairbanks Schist. The extent of the mineralization is open to expansion beyond the areas sampled to date in 2004.
Based on the positive results from preliminary sampling, additional soil and rock sampling will be conducted in October with the goal of defining future drilling targets for this part of the Westridge property. The 100%-owned Westridge property is two miles south of the Kinross's True North deposit, and six miles north of the Fort Knox deposit, which was reported to contain 4 million ounces of gold at a grade of 0.03 opt gold.
All geochemical samples were analyzed by ALS Chemex for gold via fire assay techniques plus a multi-element suite via ICP methods with four-acid digestion. Blanks submitted with reconnaissance samples suggest no unusual or spurious geochemical results.
Qualified Person: Mr. Curtis Freeman, MS, P.Geo., Certified Professional Geologist (#6901), member of the American Institute of Professional Geologists, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
Two distinct gold in soil anomalies were located on the Westridge property in 1999 by a Bombardier auger soil sample program and RVC drilling. The west anomaly is approximately 4,000 feet NWSE by 3,000 feet NE - SW. The east anomaly extends along a northeast trend for 7000 feet.
Previous drilling has resulted in significant gold intersected with values up to 35 feet of gold value grading 1.68 grams of gold (.049 opt).
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture – has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property, and one silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in 3 oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson President
Press Release contact information:
John Robertson President, Teryl Resources Corp.
T: 800-665-4616
http://www.terylresources.com
NEWS RELEASE (AUGUST 2011)
Announces Drill Program to Commence on 100% Owned Westridge Property, Fairbanks, Alaska
VANCOUVER, BRITISH COLUMBIA, Aug 08, 2011 (MARKETWIRE via COMTEX News Network) --
Teryl Resources Corp. (TSX VENTURE: TRC)(OTCBB: TRYLF) (the "Company") wishes to retract its news release dated August 3, 2011 and is issuing this release with the intent that it supersede and replace the prior release.
Teryl Resources Corp. is pleased to announce that a drilling program is planned this season on the Company's Westridge Property, subject to adequate financing, to test several anomalous gold targets. The Westridge claims are 35 kilometres (22 miles), by road, north of Fairbanks, Alaska and lies 3.2 kilometres (2 miles) south of the True North Prospect, which was previously purchased by Kinross for 96 million dollars of shares and cash and is reported to host 1.3 million ounces of gold with a grade of 0.072 ounces of gold per ton.
Previous announced exploration results (See September 29, 2004 News Release) from the Westridge Property include:
Rock and soil sampling conducted approximately 1,600 meters west of the Old Glory prospect where the Company discovered significant gold mineralization in 2003 (see News Release dated April 28, 2004). Exploration in the newly discovered area was prompted by past soil sampling conducted by Amax Gold that indicated anomalous gold and arsenic in soils on the ridgeline between Moose Creek #1 and Moose Creek #2. Initial sampling consisted of 14 soil samples and 20 rock samples collected from hand-dug pits.
One of two areas selected for this work returned soil samples containing gold values ranging from trace up to 848 ppb with elevated arsenic and antimony values. Gold, arsenic and antimony values were consistently higher in soil samples collected over granodiorite intrusive host rocks suggesting a possible genetic association between the intrusive rocks and gold mineralization. Rock samples collected from the same hand-dug pits where soil samples were collected returned gold values ranging from trace up to 4,350 ppb (4.3 gpt or 0.127 opt). Gold was associated with anomalous arsenic and antimony and was hosted by iron oxide stained quartz-bearing intrusives and quartz-mica schist of the Fairbanks Schist. The extent of the mineralization is open to expansion beyond the areas sampled to date in 2004.
Based on the positive results from preliminary sampling, additional soil and rock is warranted with the goal of defining future drilling targets for this part of the Westridge property.
All geochemical samples were analyzed by ALS Chemex for gold via fire assay techniques plus a multi-element suite via ICP methods with four-acid digestion. Blanks submitted with reconnaissance samples suggest no unusual or spurious geochemical results.
Qualified Person: Mr. Curtis Freeman, MS, P.Geo., Certified Professional Geologist (#6901), member of the American Institute of Professional Geologists, was the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of the September 29, 2004 news release reported above.
Two distinct gold-in-soil anomalies, the East and West Anomalies, were located on the Westridge property in 1999 by a Bombardier auger soil sample program and reverse circulation drilling program. The West anomaly covers an area of approximately 1,220 metres (4,000 feet) NW-SE by 914 metres (3,000 feet) NE-SW and is defined by coincident gold and arsenic-in-soils results. The East anomaly extends along a general northeast trend for 2,230 metres (7,000 feet) and represents values from trace up to 1.64 ppm Au in soil.
Previous drilling has resulted in significant gold intersected with values up to 6 metres (20 feet) of gold grading 0.93 grams Au (0.033 opt Au).
Paul D. Gray, P.Geo., is a qualified person as defined in NI 43-101 and also qualified under the rules stated by the U.S. Securities Commission ("SEC"), and has verified the data contained in this news release for accuracy.
ABOUT TERYL RESOURCES
Teryl Resources Corp. (TSX VENTURE: TRC) has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property, and one silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in 3 oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson, President
READER ADVISORY
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This news release 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.
Contacts: Teryl Resources Corp. John Robertson President 604-278-5996 or Toll Free: 800-665-4616 604-278-3409 (FAX) www.terylresources.com
SOURCE: Teryl Resources Corp.
http://www.terylresources.com
Copyright 2011 Marketwire, Inc., All rights reserved.
News Release Index
Share Structure >> Check It Out!!!!!!!!!!!!
TSX-V: TRC / OTCBB: TRYLF
>>>>>>>>>> Shares Outstanding: 58,749,620 <<<<<<<<<<<
>>>>>>>>>> Shares Authorized: 100,000,000 <<<<<<<<<<<
2010 GIL JOINT VENTURE USD$1.5 MILLION DRILL PROGRAM APPROVED BY J/V PARTNER KINROSS GOLD
Teryl owns 20% interest and Kinross Gold owns 80% interest in the Gil Claims
Adjacent to the Kinross Gold producing mine - ( Fort Knox, Alaska's largest open pit mine producing over 1,000 oz. of gold per day)
ADVANCED PROJECT - Previously drilled extensively with significant assay results (example: see News Release Jan 10, 2005) To date, a total of US$9,000,000 has been expended on the GIL Joint Venture (80% Kinross/20% Teryl)
Developed infrastructure already in place
US$1.6M 2009 drill program has been completed by our joint venture partner Fairbanks Gold Mining, Inc. (FGMI), a subsidiary of Kinross Gold Corporation, on the Gil joint venture claims. (see News Release Oct. 20, 2009 ) (see News Release Aug. 4, 2009 )
BUSINESS OVERVIEW OF TERYL RESOURCES CORPORATION!!!!
http://www.terylresources.com/pdf/managementupdate2009.pdf
Corporate Overview
Gold/Silver Prospects
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.
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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.
BUSINESS OVERVIEW
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
Share Structure (As of 9/26/2011)
TSX-V: TRC / OTCBB: TRYLF
Shares Outstanding: 58,749,620
Shares Authorized: 100,000,000
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