Exploration on Teryl Resources' West Ridge Property, Alaska, Yields up to 0.29 Oz. Per Ton Gold.Business Editors FAIRBANKS, Alaska--(BUSINESS WIRE)--Aug. 27, 2003 Teryl Resources Corp. (TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. : TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution ) (Pink Sheets: TRYLF) is pleased to announce assays have been received from the Phase I auger drilling and rock sampling program on the Old Glory gold zone of the Company's 100%-owned West Ridge property. The highest rock sample assayed 0.29 ounces of gold per ton and the best results from the auger drilling samples assayed 1,155 ppb gold. Ten samples have values of 250 to 1,000 ppb and 43 samples have values of 100 to 250 ppb in gold in the soil (see chart below). Gold values in excess of 100 ppb outline several significant gold deposits in the district, including Fort Knox Fort Knox [for Henry Knox], U.S. military reservation, 110,000 acres (44,515 hectares), Hardin and Meade counties, N Ky.; est. 1917 as a training camp in World War I. It became a permanent post in 1932. In the steel and concrete vaults of the U.S. , True North and Dolphin, suggesting the soil anomalies at the Old Glory zone may represent a significant new intrusive-related gold discovery. All rock and soil samples were analyzed at ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex.
Gold (ppb) in Rocks Gold (ppb) in Soils
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1,000 to 10,000 (2) 1,000 to 1,155 (1)
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500 to 1,000 (1) 250 to 1,000 (10)
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100 to 500 (5) 100 to 250 (43)
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5 to 50 (27) 50 to 100 (35)
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Below detection (10) 25 to 50 (25)
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5 to 25 (25)
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Below detection (1)
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Soil sampling results suggest a false bedrock layer of shingled barren quartz mica schist (Geol.) a schistose rock, consisting of mica and quartz with, usually, some feldspar. See also: Mica exists about 3 to 4 feet below surface. Once through this false bedrock, soil samples were taken as deep as 6 feet below surface and often contained abundant ocherous o·cher or o·chre n. 1. Any of several earthy mineral oxides of iron occurring in yellow, brown, or red and used as pigments. 2. A moderate orange yellow, from moderate or deep orange to moderate or strong yellow. red-orange soil at the bedrock interface. Soil such as this is often associated with gold-bearing shear zones in the Fairbanks Mining District. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Avalon Development Corporation, our mining consultants, these anomalous values warrant additional exploration to define drill targets in search of an intrusive-related gold discovery. The West Ridge property adjoins Kinross Gold Corp.'s True North gold deposit and lies approximately eight miles northwest of the producing Fort Knox gold mine, reported to have contained reserves of 4,000,000 ounces of gold. Fort Knox currently produces over 400,000 ounces of gold annually. 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 (80% Kinross/20% Teryl) with Kinross Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : K) (NYSE NYSE See: New York Stock Exchange : KGC KGC Knights of the Golden Circle KGC Kids get Care KGC Kingscote, South Australia, Australia (Airport Code) KGC Known Good Cable ). The Company's holdings also include the West Ridge property (100% owned), the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : LNXGF), and the Stepovich Claims, in which Teryl has a 10% net profit interest from Kinross. Teryl Resources Corp. also has one joint venture silver prospect located in Northern BC, Canada. For further information visit the Company's website at http://www.terylresources.com. ON BEHALF OF THE BOARD OF DIRECTORS "John Robertson" John Robertson President The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Statements in this press release regarding Teryl's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. |
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