VANCOUVER, BRITISH COLUMBIA, Mar 08, 2011 (MARKETWIRE via COMTEX News Network) — Teryl Resources Corp. (TSX VENTURE: TRC)(OTCBB: TRYLF) (the “Company”) wishes to announce that a pre-feasibility resource estimation for the Gil joint venture property in the Fairbanks, Mining District, Alaska has been received as follows:
Total gold resources at the Gil/JV property for a heap leach scenario are 514,916 ounces of gold contained in 19,856,778 tons of mineralized rock. A cutoff grade for a hypothetical heap leaching operation at the Gil/JV property is expected to be 0.015 oz/ton, which corresponds to the heap leach cutoff grade currently being used at the Fort Knox gold mine. A grade cutoff for material that could be sent to the mill at Fort Knox is 0.0225 oz/ton. Total gold resources at the Gil/JV property for a run-of-mill scenario are 309,304 ounces of gold contained in 8,505,247 tons of mineralized rock. It is important to note that these two estimates are not additive, and instead represent two distinct resource calculations for Gil at two separate cutoff grades.