Significant Copper In Second Phase of Drilling at Bisbee
VANCOUVER - Teryl Resources Corp. reported that several copper intersections were reported by Tom Parkhill, qualified person for Teryl Resources Corp. on the second phase of drilling at the Gold Hill copper prospect in Bisbee, Arizona.
Parkhill reported that several significant mineralized sections with showings of copper oxide throughout drill hole 6 RC were identified from 120 ft. to 430 ft. The Gold Hill prospect is located 2.6 miles from the Lavender Pit, which produced 92 million tons of 0.81% copper and 3 million ounces of gold for Phelps Dodge Corporation from 1954 to 1975.
To date a total of 10 RC drill holes have been completed in Phase One and Phase Two, the final 5 RC holes completed have been logged and shipped to ALS Chemex Labs for assays.
With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (80% Kinross/20% Teryl). The Company's other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp.; 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.
The company's address is 240, 11780 Hammersmith Way, Richmond, BC V7A 5E9, 604.278.5996, email: [email protected].