December 22, 2010
Teryl Resources (OTCBB: TRYLF; TSX-V: TRC) has acquired an additional 10% net profit interest in the Silverknife property in exchange for 200,000 shares of it common stock.
The Silverknife Property is contiguous to Silvercorp’s Silvertip silver-lead-zinc deposit which lies less than one (1) km from the Property boundary. Silvercorp has been active in the past two (2) years exploring and re-evaluating the Silvertip Property towards the initiation of mining operations. Recently, Silvercorp opened up a 50 man camp on the Silvertip Property and has announced plans to apply for a Provincial Small Mine Permit for an underground mining operation with a capacity of under 75,000 tonnes per year and all ancillary dewatering and related permits. Exploration diamond drilling from 10,000-20,000 meters is currently underway on the Silvertip Property.
November 15, 2010
Teryl Resources (OTCBB: TRYLF; TSX-V: TRC) continues to make progress with respect to an ore reserve estimate for the Gil join venture gold property in Fairbanks, Alaska. According to John Robertson, President of Teryl Resources, “Upon completion of the reserve estimate on the Gil joint venture, the Company will be able to better evaluate any potential buyout of its 20% of the Gil joint venture and/or estimate the value of the 20% interest for the shareholders.”
October 26, 2010
Teryl Resources (OTCBB: TRYLF; TSX-V: TRC) has staked 23 mineral claims, which are 100% owned by the Company, and are adjacent to the Kiska Metals Corp. mineral claim block.
October 25, 2010
This 4 minute video is a great way to get up to speed quickly on Teryl Resources’ (TSX-V: TRC and OTC: TRYLF) flagship Gil Property – and adds some perspective to a project area that we see as having excellent potential to move up the food chain quickly during the next few months as Kinross reviews options to feed the ravenous appetite of their Fort Knox Mine (located just up the road a few clicks).
Kinross owns 80% of Gil now and this video makes a strong argument for why Kinross could soon be in the market to buy up Teryl’s 20% stake – and given the proximity to Fort Knox this transaction could be done at a price that would benefit present shareholders of Teryl handsomely.
The link to Teryl geologist Curt Freeman discussing all things Gil is available here.
October 19, 2010
Teryl Resources Corp. (TSX-V: TRC and OTC: TRYLF) announced a summary of 2010 drill results from JV partner Fairbanks Gold Mining Inc. – a subsidiary of Kinross Gold Corporation. The summary included assay results from 13 core holes drilled at their Gil property in the Fort Knox Mine region of Alaska. The drill results exhibit a number of sections with 1.0+ gram per tonne gold. Highlights of the reported assay values include: 50 feet of 1.57 g/t and 30 feet of 1.31 g/t (hole GVR10-551); 35 feet of 2.67 g/t at North Gil (hole GVR10-568); and 25 feet of 1.742 g/t at Sourdough (hole GVR10-560). These are excellent intercepts with the full table of assays included in today’s press release which is linked below.
Per today’s release, 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 workplan 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.
Commenting on the news, John Robertson, President of Teryl Resources Corp., states, “Mark Robinson, our Certified Professional Geologist, is currently preparing a 3D model and feasibility study on the Gil joint venture. The 3D model should be available by the end of October, in the preliminary format.”
October 18, 2010
Teryl Resources (OTCBB: TRYLF; TSX-V: TRC) has received a preliminary technical report for its JV Gil Gold Property. As of the date of this release, the majority of the Gil’s total gold resource is contained in the Main Gil deposit. This northeast striking, steeply north dipping calc-silicate unit remains open at depth and along strike. The east-west striking, north dipping North Gil resource area is hosted primarily in quartz veins in quartz-mica schist, felsic schist or the calcareous biotite-chlorite-quartz schist. A significant gold anomaly has been outlined between the Main Gil and North Gil deposits and at the intersection zone where the Main Gil and North Gil trends cross. Drilling in all of these areas has yielded positive results.
Significant exploration results have also been generated on the Sourdough Ridge prospect. Soil sampling, ground-based magnetometer surveys, and drilling have yielded significant results and the new data suggests that these anomalies are due to a series of northeast trending, steeply dipping quartz veins that coalesce into ore zones that may be potentially mineable.
Several other exploration targets have been identified but have not been fully tested. These targets include gold anomalies located along All Gold Ridge, a calc-silicate layer identified north of the North Gil Zone, gold-bismuth-bearing quartz veins on the western Gil project and a gold anomaly outlined to the south of the Main Gil Zone. Additional exploration work will be needed in these areas to determine their potential.
September 14, 2010
Teryl Resources Corp. (OTCBB: TRYLF; TSX-V: TRC) and its joint venture partner, Kinross Gold (NYSE: KGC) subsidiary Fairbanks Gold, have completed 5,431 feet of core and 9,546 of R/C drilling at the Gil project in the Fairbanks Mining District of Alaska. Recent drill results include: (i) in GVR10-573, 1.676 g/t gold across 25 feet; (ii) also in GVR10-573, 1.523 g/t gold across 35 feet; and (iii) in GVR10-560, 1.742 g/t gold across 25 feet.
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.
More results are expected this fall which should lead to an updated resource estimate. And with gold taking jumping up $27 today, what better time to be drilling.