Exploration Budget For The Gil Joint Venture Gpold Claims

 

VANCOUVER, BC - Teryl Resources Corp. reported that a US$1,524,600 2010 budget has been approved by its joint venture partner Fairbanks Gold Mining, Inc. (FGMI), a subsidiary of Kinross Gold Corporation, on the Gil joint venture claims, as follows:

The 2010 Gil Project Exploration Program has three objectives:

1. Ground magnetometer survey.

2. Drilling at Sourdough Ridge.

3. Drilling on the western portion of area between the Main Gil and the North Gil.

The goal of the 2010 program is to further delineate the strike extension of the mineralized zones, and to infill between step-out holes, in order to gain a better understanding of ore-zone continuity. The 2010 work plan calls for ground geophysics, 11,000 feet of RC drilling, and 5,000 feet of HQ-NQ core drilling. In addition, fieldwork involving mapping, soil and rock sampling, and mobile metal ion (MMI) geochemical sampling will be performed.

The program will begin in April and will extend through the end of 2010. To date, a total of US$9,000,000 has been expended by the joint venture partners, with Teryl and Kinross accounting for 20% and 80% respectively of total expenditures.

For more information contact: 800-665-4616, www.terylresources.com.