VANCOUVER, British Columbia
May 14, 2013
/PRNewswire/ -- Teryl, Inc., a subsidiary of Teryl Resources Corp., (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) is pleased to announce a contract has been signed with Metallogeny, Inc., of
, to drill six holes to test an intrusive target, on the Fish Creek property, located in the
, geologist, will be the consultant for Teryl, Inc. for this project.
Paul D. Gray
, P.Geo., is the qualified person as defined in NI 43-101 and also qualified under the rules stated by the U.S. Securities Commission ("SEC").
Keltic Bryce owns a 50% working interest and Teryl, Inc owns a 50% working interest in the Fish Creek property. Linux Gold Corp. retains a 5% royalty interest in Teryl, Inc.'s interest.
The Fish Creek property consists of 30 claims adjacent to the Gil property, currently owned by Kinross Gold Corporation. The Gil 20% interest, previously owned by Teryl Resources Corp., was acquired by
December 22, 2011
million US in a payment of
$2.5 million dollars
initially and another payment of
when in production with the balance from a 1% royalty. Teryl retains a ½ of 1% royalty for the life of the mine.
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture – has several gold prospects in
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
to Fairbanks Gold Mining Corp. to date
$2.5 million dollars
has been received and an additional
payment upon production;
(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
with Anadarko Petroleum as the operator. See
website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS