Teryl recently began a drilling program based on the recommendations of its consulting geologist, Tom Parkhill, who analyzed assay results of a previous drilling program. Five reverse circulation drill holes were completed on four separate copper targets. The depth of the holes ranged from 120 feet to 360 feet.
       According to Parkhill’s report, The Paris Patented claim assay samples had high copper values of 1.07%. An aeromagnetic anomaly covers the western one-half of the mineralized area.
       Previous drilling on the St. Elmo Patented Claim 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,” said Parkhill.
       Drilling into the south side of a mineralized fault zone on the Empire Patented Claim showed copper values up to 1000 ppm. The area has an aeromagnetic anomaly which is over both the Glance Conglomerate and Escabrosa Limestone. The area also has visible outcrops of Glance Conglomerate, which contain a large number of limestone clasts mineralized with malachite and gossan extending north to contact with the Escabrosa limestone about a quarter-mile away.
       Teryl’s 248-acre Gold Hill Project, which is riddled with old placer diggings, small mine shafts, pits and cuts, is located near Bisbee, Arizona, and lies within the Warren Mining District. The claim blocks include the Old Gold Hill, Superior and Baston mines. Teryl holds an option to earn a 100% interest in the copper, gold and silver property.
       The Gold Hill prospect’s structural geology is quite similar to Nevada’s Carlin Trend, a 40-mile line of major gold deposits with over 100 million ounces of gold reserves. The principle gold target in the exploration area is the Gold Hill Fault, a structure that extends for two miles and includes several adits and test pits. The Glance Conglomerate, the project’s secondary target, is located just to the south of the fault and is reported to have micron-sized gold associated with copper in fine quartz-filled fractures. Two weak magnetic highs are believed to pinpoint potential replacement/manto-like bodies. The company reports that the lens-like shapes and proximity to significant copper results from just a few samples suggest the need for an induced polarization test line on each of the targets.
       Rock sampling conducted last year yielded significant results with assays up to 2.54% copper. Four out of 16 samples exceeded 0.8% copper, a level required for current mined porphyry deposits in the Bisbee area.
       Teryl believes that geological conditions at Gold Hill are favorable for the existence of a large disseminated deposit of gold and copper. Close by Teryl’s property is the famed Copper Queen/Lavender Pit mine – once one of the world’s richest copper mines, producing 75 million tons of copper gold and silver ore from 1954 to 1974 for Phelps Dodge. Over nearly 100 years of continuous production, Bisbee area mines produced metals valued at $6.1 billion (at 1975 prices) one of the largest production valuations of all the mining districts in the world – an estimated production of 8,032,352,000 lbs. of copper, 2,871,786 ounces of gold, 77,162,986 ounces of silver, 304,627,600 lbs. of lead and 371,945,900 lbs of zinc.

       Teryl is one of the main property owners in Alaska’s Fairbanks Mining Division with significant land holdings around and adjacent to Kinross’ Fort Knox Mine, the largest producing gold mine in Alaska.
       The company’s Gil Joint Venture project lies adjacent to the producing Fort Knox Mine owned by Kinross Gold. Teryl owns 20% interest and Kinross owns the remaining 80% interest in the Gil Claims. The main mineralized zone on the Gil joint venture ranges in thickness up to 80 feet, extends for over 2,500 feet, and remains open both along strike and at depth. Ore grades at the Gil project are 45% higher than grades at Fort Knox.
       The joint venture with Kinross was formed to develop a gold resource that could feed the Fort Knox mill by integrating geologic and geochemical information with geophysical data and subsequent exploration. Previous work by Fairbanks Gold Mining Inc./Kinross Gold consisted of an update of the geologic database and a high-resolution electromagnetic (HEM) airborne geophysical survey. Several target areas were identified and recommended for drilling within the Gil Joint Venture area.
       The Too Much Gold Creek target lies on a shear located on the west edge of an intrusive approximately 6.2 miles east and 1.8 miles north of the Fort Knox Mine. This target is largely located within the Gil Joint Venture, although a portion lies in the Fish Creek Claims, which are 50% owned by Linux Gold Corp. and 50% optioned to Teryl Resources Corp., but are not part of the Joint Venture.
       Six new geophysical targets were identified late last year on the Fish Creek property, which also is near Kinross’ Fort Knox Mine. Conductive gradients at depth or along a structure suggest areas of higher fracture density. These high magnetic anomalies are believed to be intrusives.
       Teryl is currently arranging a drill program on the Fish Creek claims in Alaska to test several gold geophysical anomalies. The geophysical survey, completed by Fugro Airborne Survey, Inc. under contract to Fairbanks Gold Mining / Kinross Gold, identified six main gold targets on the Fish Creek prospect. The Fish Creek claims are adjacent to Teryl’s Gil joint venture claims with Kinross Gold Corp. The Gil joint venture claims are located near the Fort Knox mill, which is the largest producing gold mine in Alaska.
       Other Teryl properties in the area include the West Ridge and Stepovich claims, both close to Kinross’ Fort Knox mill.

       Teryl is a major landowner in two prolific mining areas – Alaska’s Fairbanks Mining Division and Arizona’s Warren Mining District – where it has assembled an impressive portfolio of exploration and advanced development properties in close proximity to some of the world’s richest copper and largest gold producing mine in Alaska (The Fort Knox deposit).
       The company is led by President John Robertson, who has an extensive experience in the mining sector, as well as strong business, mining, marketing and financial expertise.
       Teryl recently closed a $900,000 private placement and is well positioned for its planned summer exploration programs in Arizona. Drilling at the Gold Hill project could prove up the property’s potential as a lode-type copper deposit. Once drilling identifies sufficient resources at Teryl’s Gil property, that project could quickly move to production.
        As a result, 2008 could well prove to be a rewarding year for Teryl – one property is poised to move to production and the other is a potentially major copper-gold lode deposit.

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