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TERYL RESOURCES UNIT GRANTED OPTION

 VANCOUVER, British Columbia, June 28 /PRNewswire/ -- Teryl Resources Corp. (Vancouver: TRC) (Teryl) and Calco Resources Inc. (Vancouver: KLC) (Calco) announced that a letter of agreement has been signed between their jointly owned subsidiary, International Diamond Syndicate Ltd. (IDS), and Major General Resources, Ltd. (MGR), wherein IDS has been granted the option to earn a 40-percent interest in MGR's 40-percent interest in the 95,000-acre claim block and to earn an additional 40- percent interest in MGR's 49-percent interest in the 100,000-acre claim block.
 Both claim blocks are located within the Slave Province, Northwest Territories. The claims are currently owned by Southernera Resources Ltd.
 IDS will assume 50 percent of MGR's commitment to spend $4.3 million ($1.8 million on the 95,000-acre block and $2.5 million on the 100,000-acre block over three years).
 The first-year program will consist of a $600,000 program commencing in July 1993 to identify drill targets. Approximately 130 airborne magnetic targets have been located on the two blocks of claims. The claim blocks are located approximately 60 miles southeast of Dia Met's Point Lake discovery.
 Teryl and Calco jointly own 100-percent interest in IDS and will be negotiating joint venture partners to participate in this project including Agate Bay Resources, Ltd. and Golden Rainbow Resources Ltd.
 -0- 6/28/93
 /CONTACT: John Robertson, president, Teryl Resources Corp., (U.S.) 800-665-4616 or 604-278-4455/
 (TRC. KLC.)


CO: Teryl Resources Corp.; Calco Resources Inc.;
 International Diamond Syndicate Ltd.; Major General Resources Ltd. ST: British Columbia IN: MNG SU:


DD -- DE007 -- 6206 06/28/93 11:32 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:263
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