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 Kinross on December 22, 2011 for $15 million US in a payment of $2.5 million dollars initially and another payment of $1.5million when in production with the balance from a 1% royalty. Teryl retains a ½ of 1% royalty for the life of the mine.Paul D. Gray, P.Geo., the Company's consulting geologist has reviewed and approved the contents of this news release.
Teryl, Inc. Commences An Additional Drilling Program On The Fish Creek Property, Fairbanks, Alaska
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