TSX Venture Exchange: TRC
Pink Sheet Symbol: TRYLF
VANCOUVER, Jan. 2 /CNW Telbec/ - Teryl Resources Corp. (TSX Venture
Exchange: TRC.V) is pleased to announce that Tom Parkhill, our geologist for
the exploration program on the Gold Hill prospect near Bisbee, Arizona, has
reported the drilling program commenced on November 27, 2007 and ended on
December 5, 2007. During this period of time, five reverse circulation drill
holes were completed on four separate copper targets. The depth of the holes
ranged from 120 feet to 360 feet.
The total depth (T.D.) of the holes was as follows: 1-RC-T.D. -360 feet,
4-RC-T.D.- 120 feet (lost circulation-abandon hole), 2-RC-T.D.-350 feet,
3-RC-T.D.-300 feet and 5-RC-T.D.-300 feet (offset 4-RC about 8 feet to the
north). All the holes were drilled at an orientation of 90 degrees. Only two
holes (2-RC and 1-RC) penetrated all the Glance Conglomerate and then
penetrated part of the Naco Group before the hole reached its total depth.
One pound bags of samples were collected at every five foot interval and
all of the samples were sent to ALS Chemex Labs in Sparks, Nevada for gold
fire assay and 34 element chemical assay. We will announce the results of
these assays as soon as we receive the results from ALS Chemex Labs.
Mr. Parkhill is currently preparing a NI 43-101 Technical Report for
Teryl Resources Corp. for the Gold Hill Prospect.
Qualified Person: Mr. Tom Parkhill, Licensed Professional Geologist
(Minnesota #30167), member of the National Association of State Boards of
Geology (ASBOG), is the Qualified Person as defined by National Instrument
43-101 responsible for the accuracy of this news release.
ABOUT TERYL RE
Teryl Resources Corp. is one of the main landowners in the Fairbanks
Mining District, Alaska. The Gil project is a joint venture (80% Kinross/20%
Teryl) with Kinross Gold Corporation (TSX: K; NYSE: KGC). The Company's
holdings also include the Fish Creek Claims, 50% optioned from Linux Gold
Corp. (OTC BB: LNXGF). Linux Gold Corp. owns 1.2 million shares of Teryl
Resources Corp. Additionally; Teryl Resources Corp. has a 10% net profit
interest from Kinross for the Stepovich Claims. The Company also has a
100%-interest in the West Ridge property.
Teryl Resources Corp. has an agreement on seven patented claim blocks,
consisting of 248 acres and has acquired a state lease on an additional
601.74 acres, in the Warren Mining District, Cochise County, Arizona. The
seven patented claim blocks are called the Gold Hill prospect, which includes
the old Gold Hill mines. The Gold Hill copper, gold, and silver property is
four miles west of the Lavender Pit mine, one of the richest copper mines in
history, owned by Phelps Dodge Corporation, which has produced 92.6 million
tons of ore from 1954 to 1974.
Teryl Resources Corp. also has one joint venture silver prospect located
in Northern BC, Canada.
Teryl Resources Corp. has revenue from oil and gas projects in Texas and
Kentucky. For further information visit the Company's website at
ON BEHALF OF THE BOARD OF DIRECTORS
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
Statements in this press release regarding Teryl's business which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
For further information:
For further information: John Robertson, (800) 665-4616; Press Release
contact information: Renmark Financial Communications Inc.: Dan Symons,
firstname.lastname@example.org; John Boidman, email@example.com;
(514) 939-3989; F: (514) 939-3717, www.renmarkfinancial.com