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Teryl Resources Corp.: TSX Venture Exchange: TRC
Pink Sheet Symbol: TRYLF
TERYL RESOURCES ANNOUNCES ADDITIONAL DRILLING RECOMMENDED ON THE
GOLD HILL PROSPECT IN BISBEE,
ARIZONA
For Immediate Release: April 22, 2008, Vancouver,
B.C. ? Teryl Resources Corp. (TSX Venture Exchange: TRC) a)is
pleased to announce that Tom Parkhill, Licensed
Professional Geologist, reports that based on previous drilling results on
the Gold Hill prospect, additional drilling is recommended as follows:
The Paris Patented claim assay samples had high
copper values of 1.07%. There is an aeromagnetic anomaly covering the
western one-half of the mineralized area. There is a road which ends less
than one-quarter of a mile south of the base of the hill.
Hole 2-RC was drilled on the St. Elmo Patented Claim
and had intersected the 275?-280? interval with a 4.84% copper assay. This is potentially a vein type ore body with copper mineralization
filling a fault zone. The fracture zone should be traced east of this drill
hole and a 350 to 500
foot hole drilled by reverse circulation.
The Empire Patented Claim had hole
3-RC drilled on and it had copper values up to 1000 ppm.
The hole was drilled into the south side of a mineralized fault zone. The
area has an aeromagnetic anomaly which is over both the Glance Conglomerate
and Escabrosa Limestone. The area to the north of
drill hole 3-RC had visible outcrops of Glance Conglomerate, which
contained a large number of limestone clasts
which were mineralized with malachite and gossan
which extended north to contact with the Escabrosa
limestone about one-quarter mile away. A 350? drill hole is recommended.
Additional drilling options present in this area
as follows:
A second reverse circulation hole should be
drilled north of hole 3-RC in a mineralized Glance Conglomerate. This
should be located about ? to ? of the way north toward the outcrop of Escabrosa Limestone. This hole would have to have the
existing road extended to reach this area which is on the State of Arizona land lease.
The depth of the hole should be between 400 to 500 feet depending on
how well the hole is mineralized with oxide
copper.
A reverse circulation drill hole could be drilled
just north of the Section 32 line in an area which may contain Escabrosa Limestone to determine if it contains any
replacement copper bearing mantos and/or copper
bearing skarns.
A horizontal underground core hole could be
drilled in the 70 to 80
foot 5
foot wide x 5.5 high audit which is located on State
of Arizona
land in the SE ? of Section 32. The core hole needs to be drilled to 250 to
300 feet
to test the Escabrosa Limestone for possible
replacement copper mantos and/or skarns.
The copper mineralized outcrops north of hole 3-RC does give justification to re-enter this hole
and drill it to 500
feet. The Glance Conglomerate may possibly have been
deposited on a pediment surface of the Escabrosa
Limestone. The malachite mineralized clasts may
have come from a manto ore body within the Escabrosa Limestone. Hole 3-RC
was drilled near the western boundary of an aeromagnetic anomaly.
A drilling contract is currently being negotiated
for this summer.
Teryl has a 100% interest in seven patented claim
blocks, consisting of 248
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 mine.
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 RESOURCES
Teryl Resources Corp. has interests in four gold
properties in the Fairbanks Mining District, Alaska. The Gil project is a
joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80%
Kinross/20% Teryl). The Company?s other Alaska holdings also
include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB:
LNXGF); the Stepovich Claims, where Teryl has a 10% net profit
interest from Kinross; and a 100%-interest in the West Ridge property. In Arizona, Teryl has a 100%
interest in seven patented claim blocks, consisting of 248 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 mine. Teryl 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 http://www.terylresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
?John Robertson?
John Robertson
President
For More Information
Contact: John Robertson
800-665-4616
Renmark Financial Communications Inc.
Dan Symons : dsymons@renmarkfinancial.com
John Boidman :
jboidman@renmarkfinancial.com
Tel.: (514) 939-3989 Fax: (514) 939-3717 http://www.renmarkfinancial.com
READER ADVISORY
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.
Readers are cautioned that the foregoing list of
factors is not exhaustive. All subsequent forward-looking statements,
whether written or oral, attributable to the Company or persons acting on
its behalf are expressly qualified in their entirety by these cautionary
statements. Furthermore, the forward-looking statements contained in this
news release are made as at the date of this news release and the Company
does not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
applicable securities laws.
This news release does not constitute an offer to
sell or a solicitation of an offer to buy any of the securities in the United States.
The securities of the Company have not been registered under the United
States Securities Act of 1933, as amended (the ?U.S. Securities Act?) or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available..
The TSX Venture Exchange has neither approved nor
disapproved of the information contained herein.
Teryl Resources Corporation
240 - 11780 Hammersmith Way
Richmond, British Columbia
Canada V7A 5E9
Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
www.terylresources.com
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