Teryl Resources Announce Silverknife Notice of Work Submitted
Published : March 28, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Teryl Resources Corp. (the "Company") (News - Market indicators)(OTCBB:TRYLF) is pleased to announce that a notice of work for the B.C. Silverknife property has been submitted to the B.C. government in support of a proposed drilling program in the amount of up to 1,500 meters.

The following work is recommended by, Paul D. Gray, P.Geo., within the 2011 Silverknife Technical report as filed on SEDAR as follows:

  • Phase I (a) - Silverknife data GIS Completion
  • Phase I (b) - Core recovery program from previous drilling completed in 1985 & 1987
  • Phase I (c) - Property survey / prospecting geological mapping
  • Phase I (d) - Detailed geophysical survey
  • Phase I (e) - Diamond drilling program 1,000 to 1,500 meters

Total budget $358,700.00

The Silverknife property represents a zone of known Ag-Zn-Pb mineralization distal to, and stratigraphically lower than the Silvertip deposit and more proximate to the Cassiar Batholith (a potential mineralizing heat source in the district). Paul D. Gray, P.Geo., author of the 43-101 report on the Silverknife property, believes the most relevant targets for mineral exploration on the Property are associated chimney-type feeder systems and mantos related to the Silvertip mineralizing event.

To date, there has been insufficient exploration work conducted to adequately define these potential targets and it is uncertain if such targets will be discovered. However, the fact the mineralization has been identified and overlaps onto the Silvertip property is a compelling reason to explore for additional zones of mineralization on the Silverknife Property.

In 1983, the Silverknife Property was staked and from 1984-1988 Reg Resources Corp. and Chevron Minerals Inc. a staged series of mineral exploration programs were conducted. Geochemistry and geophysics were the primary initial (1983-1985) exploration tools applied to Property, and following on a number of anomalies discovered in 1985 a 30 hole Diamond drill program was completed. Based on this first phase drilling, a "Discovery Zone" of silver-zinc-lead mineralization was uncovered, including the following intersections:

  • Hole 85-4: 7.25m of 5.04oz/t Ag, 2.65% Pb and 3.09% Zn
  • Hole 85-6: 0.2m of 4.43oz/t Ag, 1.9% Pb and 3.42% Zn
  • Hole 85-21: 4.3 m of 29.02oz/t Ag, 10.14% Pb and 7.02% Zn

20 additional holes were collared from 1986-1987, the bulk of which were focused on defining and expanding the "Discovery Zone" mineralization on the Property. The 1987 drilling included the following mineralized intersections:

  • Hole 87-35: 18.02 m of 4.17 oz/t Ag, 1.67% Pb and 3.02% Zn
  • Hole 87-38: 9.99 m of 5.36 oz/t Ag, 1.73% Pb and 3.15% Zn
  • Hole 87-39: 4.63 m of 3.18 oz/t Ag, 4.60% Pb and 3.97% Zn
  • Hole 87-40: 5.94 m of 6.20 oz/t Ag, 3.47% Pb and 3.65% Zn
  • Hole 87-43: 8.00 m of 2.05 oz/t Ag, 1.59% Pb and 4.85% Zn
  • Hole 87-44: 3.66 m of 7.52 oz/t Ag, 6.21% Pb and 4.78% Zn

Through a series of agreements, the Property is owned as follows:

  • Reg Tech owns 8 million shares of Minewest Silver and Gold (a Reg Technologies Inc. subsidiary, British Columbia incorporated, private company), which owns a 70% working interest in the Silverknife Property subject to the 10% NPI held by Teryl;
  • Teryl owns 30% working interest and has a 10% Net Profit Interest ("NPI");
  • Reg holds a 5% net profits interest against the whole of the Property; and
  • a 1% NSR is held against the Property by SMR Investments Ltd.
  • Reg Tech is making a distribution of shares to its shareholders on a 7 to 1 basis. For every seven shares of Reg the shareholder will receive 1 share of Minewest.

Qualified Person

Paul D. Gray, P. Geo., is a Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.

ABOUT TERYL RESOURCES

Teryl Resources Corp. is awaiting the completion of a feasibility study for the Gil J/V property that is currently underway at the Colorado School of Mines.

To date, a total of US$10,700,000 has been expended by the joint venture partners, with Teryl and Kinross accounting for 20% and 80%, respectively, of total expenditures.

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 with Kinross Gold Corporation (80% Kinross/20% Teryl). To date USD $10.7 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp.; the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. Teryl Resources Corp. also has a 30% interest and a 10% NPI in the Silverknife 1 & 2 property in Northern B.C. The Silverknife property is contiguous to Silvercorp's Silvertip silver-lead-zinc deposit which lies less than one km from the property boundary. 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

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.

Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Teryl Resources Corp.
John Robertson
President
604-278-5996 or Toll Free: 800-665-4616
604-278-3409 (FAX)
www.terylresources.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Teryl Resources Corp.

EXPLORATION STAGE
CODE : TRC.V
ISIN : CA88156K1021
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Teryl Res. is a gold and silver exploration company based in Canada.

Teryl Res. holds various exploration projects in USA.

Its main exploration properties are FISH CREEK, WEST RIDGE, STEPOVICH and GIL in USA.

Teryl Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 27.0 millions as of today (US$ 21.6 millions, € 21.2 millions).

Its stock quote reached its lowest recent point on February 23, 2016 at CA$ 0.01, and its highest recent level on June 25, 2021 at CA$ 2.10.

Teryl Res. has 70 120 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Teryl Resources Corp.
5/5/2008 at the New York Hard Assets Conference May 12 & 13
In the News and Medias of Teryl Resources Corp.
2/28/2006Follow up N° 7
Financings of Teryl Resources Corp.
2/6/2008INCREASES PRIVATE PLACEMENT FROM $750,000 TO $900,000
Project news of Teryl Resources Corp.
4/26/2011(Gil)Receives Two Preliminary Assessments for Gil Joint Venture G...
3/8/2011(Gil)Receives a NI 43-101 Compliant Gil Resources Pre-Feasibilty ...
2/14/2011Announces Completion of Silverknife 43-101 Technical Report
4/23/2008(Gold Hill-bisbee)ANNOUNCES ADDITIONAL DRILLING RECOMMENDED ON THE GOLD HILL P...
2/4/2008(Gold Hill-bisbee)ANNOUNCES DRILL ASSAYS
Corporate news of Teryl Resources Corp.
10/7/2015IIROC Trading Halt - AFR; AAG; BGS; FKS.H; RSN.H; TRC
7/29/2013Purchases and Cancels 2,427,000 of Its Common Shares
3/28/2011Announce Silverknife Notice of Work Submitted
5/6/2008 ANNOUNCES SECOND PHASE OF DRILLING COMMENCES THIS WEEK ON T...
4/8/2008 at Calgary Resource Investment Conference
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TRC.V)BERLIN (TRZ.BE)
0.385-3.75%0.0130
TSX-V
CA$ 0.385
08/03 10:30 -0.020
-3.75%
Prev close Open
0.400 0.385
Low High
0.385 0.385
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.385 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/26/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-44.20%0.850.02
202153.33%2.100.55
2020462.50%0.780.04
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.48+4.52%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.65-1.49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.13+3.40%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.64+0.07%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :