News Releases 2012
December 5, 2012
Teryl Announces Drilling Program Results, on the Westridge Gold Project, Alaska
For Immediate Release: December 5, 2012. Vancouver, BC – Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) announces receipt of chemical assays from the five hole, 2012 mineral exploration program on the Westridge Gold Property in Fairbanks, Alaska, for a total of 760 meters (2,500 feet).
Drill holes WRC-1204 and WRC-1205 intersected prospective quartz veining and related intense hydrothermal alteration, however returned only sporadic gold assay results. These holes, in conjunction with the 2004 drilling assay results of drill hole WRR-0404 (35 feet [10.67 m] of .049 oz per ton Au [2.2 g/t Au] have served to provide valuable exploration information towards the design of step out drilling to expand the known mineralization on the Westridge Gold Property. Based on the analytical results received to date, germane un-sampled intersections from the 2012 drilling program have been sent for analyses as well as a selection of core for follow-up multi-element analyses. In addition, a detailed review and digital compilation of all the drill data from this year’s and previous year’s exploration results has been initiated to assist with planning and implementation for a proposed drilling program in 2013.
Highlighted analytical results from the 2012 diamond drilling gold exploration program on the Westridge Gold Project are presented in the table below:
Hole From ft (m) To ft (m) Interval ft (m) Assay Results
Oz/t (g/t) Au
WRC-1201 125 (38.11) 145 (44.21) 20 (6.1) 0.009 (.033)
WRC-1202 115 (35.06) 180 (54.88) 65 (19.81) 0.007 (0.27)
WRC-1205 100 (30.48) 115 (35.06) 15 (4.57) 0.008 (0.30)
WRC-1205 390 (118.90) 400 (121.95) 10 (3.04) 0.031 (1.08)
All drill core from the 2012 Westridge Gold Project drilling program was analyzed at Acme Analytical Labs, Fairbanks, AK laboratory, utilizing the G601 Fire-Assay Fusion – AAS 30 gram Gold analytical package. All core samples were split at the Westridge Gold Project processing facility in Fox, AK, and shipped to Acme Analytical Labs preparation/Fire Assay facility in Fairbanks, AK where samples were sorted and crushed to appropriate particle size (pulp) and representatively split to a smaller size for Fire Assay. A comprehensive system of standards and blanks insertion was implemented in the 2012 exploration program and was analyzed as chemical assay data became available.
Paul D. Gray, PGeo, is a qualified person as defined in National Instrument 43-101 and also qualified under the rules stated by the U.S. Securities Commission, and has verified the data contained in this news release for accuracy.
ABOUT TERYL RESOURCES
Teryl Resources Corp. symbol TRC.V TSX Venture - has several gold prospects in Alaska near the Kinross Fort Knox Mine, a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property. Teryl sold its 20% interest in the Gil property Fairbanks, Alaska, to date $2.5 million dollars has been received of the $15 million from the 1% NSR of the property, thereafter Teryl retains a ½ of 1% royalty for the life of the mine; a 10% net profit interest in the Stepovich claims, near the Fort Knox deposit; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery, including a 10% NPI. Teryl has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.
ON BEHALF OF THE BOARD OF DIRECTORS
John Robertson, President
Press Release contact information:
John Robertson President, Teryl Resources Corp.
This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Teryl, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.
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