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Teryl Resources And Minewest Silver And Gold Announce First Phase Of Exploration Completed For The Silverknife Claims

Stocks in this article: TRC TRYLF

VANCOUVER, British Columbia, Oct. 3, 2012 /PRNewswire/ -- Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) and Minewest Silver and Gold (subsidiary of Reg Technologies) wish to announce that the first phase of exploration on the silver, lead, zinc prospect in the Liard Mining District in B.C. has been completed as follows:

The exploration crew re-boxed the core from the diamond drilling completed in 1985 through 1987.  101 core samples were collected, split and/or quartered (where applicable) and submitted for chemical  analysis by Multielemt ICP.

The critical high grade silver/lead/zinc sections were re-logged and submitted for assays.  Where practicable and possible, additional core on either side of the mineralized zones were sent for analysis to determine if Ag-Zn-Pb mineralization extends beyond original sampling boundaries.  

A detailed on-the-ground survey of all locatable historic drill collars was completed which will greatly aid a modern 3D geological modeling the Company intends to conduct after all 2012 confirmation analyses are received. Such studies will be utilized by Company management to target potential mineralization extensions on the Silverknife Property for testing by diamond drilling in 2013.  

The Property boundary between Teryl/Minewest's Silverknife Property and Silvercorp Metals Inc. immediately adjacent Silvertip Property was located, surveyed and flagged in.

The 1,000 metre drilling program initially planned for summer 2012 has been delayed due to a washout of the the Silvertip Mine access road (and the Silverknife Property) in early June, 2012. 

THE SILVERKNIFE PROPERTY

The Silverknife Property lies in a well mineralized and historically and currently important precious and base metals exploration intensive region. The Silverknife Property hosts a known historic prospect (the Silverknife Prospect) with defined Ag-Pb-Zn mineralization within only two (2) km of Silvercorp's active Silvertip Ag-Pb-Zn deposit. The Silverknife Property represents a prospective target for precious and base metals mineralization genetically related to the Silvertip deposit.

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