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