- Conclusion and Budget from 43-101 Report
- Silverknife Property - Full 43-101 Report
Silverknife Property, Laird Mining Division, B.C., Canada
On March 21, 2012, Teryl Resources Corp. released news regarding the Silverknife claims permit application. The exploration program for this summer is for $360,000 consisting of diamond drilling of the discovery zone. Up to 29 ounces of Silver and 17% lead zinc were discovered between 1983-1985.
Pursuant to agreements with Reg Technologies Inc. ("Reg"), SMR Investments Ltd. ("SMR"), Rapitan Resources Inc. ("Rapitan"), and Chevron Minerals Ltd. ("Chevron"), Teryl acquired a 30% working interest and a 10% net profit royalty from Rapitan in the Silverknife mineral claims, situated in the Liard Mining Division in the Province of British Columbia. Subject to a 1%Net Smelter Return to SMR.
On December 21, 2010 we announced our purchase of an additional 10% NPI in the Silverknife property for consideration of 200,000 common shares (issued on January 25, 2011), resulting in our total ownership of 30% working interest and a 10% net profit interest of the property.
As we announced on December 6, 2011, the assessment work and rental fees were completed for 2011. Exploration work is planned for calendar year 2012.