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Teryl Resources Creates a Buzz Near Bisbee's Copper Queen

Teryl Resources (TSX.V:TRC) is set to taketo maximize reward potential while mitigating
flight as it moves into the next stage of anrisk for investors. The company is also
ambitious drilling program on its Gold Hillapplying this philosophy to its program in
property near Bisbee, Arizona. The companyAlaska. Teryl has entered into a joint
has just signed a drilling contract for theventure agreement with Kinross, with 80%
project, with work to commence as soon as aKinross/20% Teryl, on the Gil Project. The
drill becomes available. The program willmain Gil Zone consists of a 3000 ft. strike
target several copper showings on thelength. According to Teryl's website, the
property. The Gold Hill Mine propertycompany has spent $1.6 million on exploration
comprises 14 patented mining claims thatthat has defined a resource of 400,000 ounces
include the Old Gold Hill, Superior, andof gold (10 million tons grading 0.04 ounces
Baston mines. Old shallow placer diggings areper  ton  gold).
found throughout the property as well as
small shafts, pits and cuts. Gold Hill isThe company's management isn't afraid to
located less than four miles west of Phelpsthink big. "All we need to do is find another
Dodge's (since bought out by Freeport McMoRanFort Knox," says John Robertson, Teryl's
for $26 billion) Copper Queen/Lavender Pit,president. The company also has a 50-50 joint
which was one of the world's biggest andventure agreement with Linux Gold (of which
richest mines during its heyday fromMr. Robertson is also president), on the Fish
1954-1970. This open-pit operation yielded 75Creek claims. The company has recently
million tons of gold, silver and copper orecompleted a $400,000 private placement- with
for Phelps Dodge. The company has expanded$150,000 earmarked for drilling targeted
its holdings in the area by staking anotherzones on the Fish Creek property that were
dozen patented claims near Copper Queen.identified  as  geophysical  anomalies.
Teryl has a chance to earn a 100% interest in
the property, with a small royalty payable toAlaska is usually regarded as an expensive
the  original  owners.place to work; however, Teryl is particularly
well situated to run a low-cost operation.
Teryl's other major project consists of fourThe property is only 22 miles north of
strategically-located claim blocks (the GilFairbanks- hence workers can stay in town-
Project, the Fish Creek claims, the Stepovichthus eliminating the need for
claims, and the West Ridge property) in thecompany-constructed housing. The area's
Fairbanks Mining District of Alaska- where itinfrastructure is excellent, given the
is one of the main landowners- with holdingsproperty's close proximity to the Fort Knox
contiguous to Kinross' (TSX: K; NYSE: KGC)mill  and  to  a  major  highway.
Fort Knox Project. Fort Knox is the largest
producing gold mine in Alaska, with aSeveral key factors allow the company to
4,000,000  oz.  Au  ore  deposit.offer its investors an attractive risk-reward
ratio: the ability to defray its overhead
Other properties in the company's portfoliocosts; two work programs entering the
include a joint venture silver prospectdrilling stage; properties in the backyards
located in northern British Columbia, as wellof major producers in historically rich (and
as revenue-producing oil and gas projects inpolitically stable) areas, and high metals
Texas  and  Kentucky.prices.
Production in the Bisbee Mining DistrictAny exploration success at Bisbee will
dates back to 1880 with the discovery of theundoubtedly garner interest from the majors
copper carbonate deposit at the Copper Queen.like Rio Tinto (owners of Bear Creek),
New reserves are still being found, and asFreeport McMoRan, and Newmont. Mr. Robertson
of 2006, there were 11 producing copper minesis optimistic regarding the company's
in Arizona. According to a monograph bydirection, as "the price of gold is moving to
Spencer Titley and Lukas Zurcher of thenew highs, and Teryl is very
University of Arizona, the geology of thewell-positioned".
area is recognized as "Nevadan-aged plate
convergence [which] was attended by formationTeryl offers unparalleled value at its
of rhyolite calderas in a WNW-trending beltcurrent price range- with the downside risk
that overlaps the international border and,being minimal- while the ongoing program at
of which, Bisbee, Arizona (ca. 200Ma) may beGold Hill shows very high upside potential.
a product. Extension of the Chihuahua terraneFew companies at this price range have this
into southern Arizona reveals a distinctivemuch potential. This could well be a play
crustal block characterized by Laramidethat floats like a butterfly- and stings like
igneous activity and Cu-related intrusiona  bee.
centered ore systems in a metal province than
transgresses the border." Results on theThis article is intended for information
property so far support such a hypothesis-purposes only, and is not a recommendation to
with 3% Cu in surface sampling, with goldbuy or sell the equities of any company
values as well. Recent very deep penetratingmentioned herein. It is based on sources
geophysics in Arizona has revealed newbelieved to be reliable, but no warranty as
deep-seated copper resources previouslyto accuracy is expressed or implied. The
unknown by past operators. The company'sopinions expressed in the article are those
analysis of its geophysical info has definedof the author except where statements are
3-4  highly  anomalous  drill  targets.attributed to individuals other than the
author, in which case the opinions are those
Teryl's strategy is simple in that it looksof the individual to whom they are
for deposits near major existing or formerattributed.
producers. This approach allows the company



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