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Teryl Resources Creates a Buzz Near Bisbee's Copper Queen

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




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