Gold Assays Received On The Gil Joint Venture

 

RICHMOND, BC - Teryl Resources Corp. reported that preliminary significant gold results have been received from our joint venture partner Fairbanks Gold Mining, Inc. (FGMI), a subsidiary of Kinross Gold Corporation, for the R/C drilling program on the Gil J/V property located in the Fairbanks mining district, Alaska.

The total of 17 R/C drill holes were completed to date from the North Gil and the Sourdough zones on the Gil property. The best holes reported were Hole 513 on the Sourdough which assayed 60 feet of .05 ounces per ton gold from 15 to 75 feet and 15 feet of .04 ounces per ton.

Hole 521 also on the Sourdough zone assayed 65 feet of .1 ounces per ton gold from 220 feet to 285 feet. Details on the balance of the assays on the 15 holes will be announced when confirmed by Alaska Assay Laboratories.

A $1.6 million exploration budget was announced on the Gil Joint Venture.