Teryl Resources Corp. Announces Gil Joint Venture Report, Fairbanks, Alaska.FAIRBANKS, Alaska Fairbanks (IPA: /ˈfɛərbæŋks/) is a Home Rule City in Fairbanks North Star Borough, Alaska, United States. -- Teryl Resources Corp. (Pink Sheets:TRYLF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: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 ) is pleased to announce that the Gil joint venture progress report has been received for the 2004 exploration program from our joint venture partner Kinross Gold Kinross Gold Corporation (TSX: K, NYSE: KGC) is a Canadian gold mining company. It is the seventh largest primary gold producer in the world.[1] See also
1. ^ Kinross Gold. Corporation. The goal of the 2004 Gil Exploration Program was to identify gold targets that could significantly increase the potential resource of the claim block. Field work began on June 21st, and took place in the central and eastern portions of the claim area. This included the Main Gil Area, Sourdough Ridge, Intrusive in·tru·sive adj. 1. Intruding or tending to intrude. 2. Geology Of or relating to igneous rock that is forced while molten into cracks or between other layers of rock. 3. Linguistics Epenthetic. Ridge, All Gold Ridge Gold Ridge is a mine located at 9°36’S, 160°08’E, in 30 km SE of Honiara, Solomon Islands. The Gold Ridge mine is owned by Delta Gold Ltd. External links
n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. mapping, 1,020 feet of trenching, 18 reverse circulation drill holes totaling 4,175 feet, and the collection of over 1000 rock and soil samples for gold assay. Initial fieldwork field·work n. 1. A temporary military fortification erected in the field. 2. Work done or firsthand observations made in the field as opposed to that done or observed in a controlled environment. 3. outlined eight gold targets that warranted further exploration. Drilling in the final portion of the exploration season tested five of the eight targets. Location and Accessibility The Gil Venture claim block is located in the northeastern part of the Fairbanks Mining District, approximately 30 kilometers (19 miles) northeast of the city of Fairbanks, Alaska. The Gil JV western claim boundary is located 1 mile to the east of 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. Mine and extends to the northeast in a approximately 1.5 mile wide by 7 mile long group of claims. The Gil Joint Venture claim block occupies the southern flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. of the Fish Creek Fish Creek may refer to:
The majority of past work within the Gil Joint Venture has focused on two gold lode (Mining) a gold vein. See also: Gold deposits, the Main Gil Zone and the North Gil Zone. The deposits are located in Section 3 in T2N, R3E of the Fairbanks Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. . The North Gil Zone is located approximately 1,200 feet north of the Main Gil Zone. An eight-mile three-season road that begins at the Fort Knox Mine provides access to the prospect area. Favourable drill results were located in the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. area along Sourdough Ridge and mid-way between the Main Gil and the North Gil Zones: Drill Results -- Sourdough Ridge
Hole Interval Assay Results
(feet) Opt/Au
======================================================================
GVR04-467 30-65 35 feet of .102
----------------------------------------------------------------------
GVR04-468 0-55 55 feet of .053
----------------------------------------------------------------------
including 35-40 5 feet of .426
----------------------------------------------------------------------
GVR04-469 15-55 40 feet of .017
----------------------------------------------------------------------
GVR04-470 60-90 30 feet of .056
----------------------------------------------------------------------
GVR04-471 95-100 5 feet of .067
----------------------------------------------------------------------
and 140-145 5 feet of .059
----------------------------------------------------------------------
GVR04-472 100-125 25 feet of .024
----------------------------------------------------------------------
GVR04-474 5-50 45 feet of .021
----------------------------------------------------------------------
GVR04-475 20-40 20 feet of .012
----------------------------------------------------------------------
GVR04-476 35-55 20 feet of .033
----------------------------------------------------------------------
and 85-115 30 feet of .042
----------------------------------------------------------------------
and 210-220 10 feet of .032
----------------------------------------------------------------------
and 235-240 5 feet of .121
----------------------------------------------------------------------
and 280-300 20 feet of .021
----------------------------------------------------------------------
GVR04-479 35-40 5 feet of .146
----------------------------------------------------------------------
and 125-140 15 feet of .017
----------------------------------------------------------------------
and 290-300 10 feet of .024
----------------------------------------------------------------------
Drill Results -- Main Gil Area
Hole Interval Assay Results
(feet) Opt/Au
======================================================================
GVR04-480 120-130 10 feet of .016
----------------------------------------------------------------------
GVR04-481 15-35 20 feet of .047
----------------------------------------------------------------------
and 100-120 20 feet of .015
----------------------------------------------------------------------
GVR04-483 20-50 30 feet of .02
----------------------------------------------------------------------
120-130 10 feet of .017
----------------------------------------------------------------------
GVR04-484 15-35 20 feet of .275
----------------------------------------------------------------------
including 15-20 5 feet of .620
----------------------------------------------------------------------
including 25-30 5 feet of .360
----------------------------------------------------------------------
GVR04-485 180-190 10 feet of .076
----------------------------------------------------------------------
including 180-185 5 feet of .130
----------------------------------------------------------------------
GVR04-486 50-80 30 feet of .0203
----------------------------------------------------------------------
and 100-130 30 feet of .0127
----------------------------------------------------------------------
Trench trench: see ocean. Results -- Sourdough Ridge
Trench Interval Results
(feet) Opt/Au
======================================================================
Trench #1 20-70 50 feet of .101
----------------------------------------------------------------------
including 50-60 10 feet of .37
----------------------------------------------------------------------
Trench #1 105-110 5 feet of .1881
----------------------------------------------------------------------
Trench #1 145-195 50 feet of .047
----------------------------------------------------------------------
Trench #1 320-325 5 feet of .2225
----------------------------------------------------------------------
Trench #3 70-80 10 feet of .033
----------------------------------------------------------------------
110-120 10 feet of .035
----------------------------------------------------------------------
210-220 10 feet of .027
----------------------------------------------------------------------
Additional exploration targets 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 and a gold anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. outlined to the south of the Main Gil Zone. 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: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 Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :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, and has obtained a mining lease on the adjoining Fox Creek Claims. 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 may refer to: Politicians:
John Robertson President The 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. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion