Teryl Resources Corp. Completes Consulting Agreement For The Westridge And Fish Creek Properties, Fairbanks
Lode and Placer drilling on the Fish Creek property is to commence this spring.
ABOUT PETE RUTLEDGE, GEOLOGIST:
Mr. Rutledge worked the past ten years as exclusive land management consultant to one of the largest mining companies in the world, LehighHanson.com for the southwest US region and as Chief Geologist to John Hart, CEO of PicoHoldings.com for their Nevada land asset totaling 1.3 million acres owned in fee by Pico. Prior to his Pico Nevada experience, Mr. Rutledge worked for the University of Alaska Statewide Office of Land Management (UAland.com) as senior land manager managing mineral properties engaging a placer mining company identified as EVECO who mined the First Chance Creek property in Fox Alaska and engaged Cyprus Minerals Corporation for a hardrock lease that drilled and identified a near minable gold resource. Prior geologic work experience includes four seasons in Colorado doing gold and groundwater exploration for entities owned and controlled by Wallace Yaffe, president of Chandler Development Company of Newton, Massachusetts.
Teryl Resources Corp. symbol TRC.V TSX Venture – has several gold prospects in Alaska near the Kinross Fort Knox Mine, a 10% net profit interest in the Stepovich claims. A 100% interest in the Westridge property and a 50% option on the Fish Creek property, adjacent to the Gil property. Teryl sold its 20% interest in the Gil property in Fairbanks, Alaska to Fairbanks Gold Mining Corp. to date $2.5 million dollars has been received and an additional $1.5 million payment upon production; $15 million (less advanced payments) from the 1% NSR of the property, thereafter Teryl retains a ½ of 1% royalty for the life of the mine. Teryl owns a 30% working interest and a 10% NPI interest in the Silverknife property, a silver/lead/zinc prospect located in Northern B.C. adjacent to Silvercorp's silver/lead/zinc discovery. Teryl has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson President
Press Release contact information:
Teryl Resources Corp.
John Robertson, President
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.
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