Teryl hits gold at West Ridge

Patricia Jones

Petroleum News contributing writer

On Sept. 18 Teryl Resources reported a gold mineralized zone outlined by soil and rock samples taken on its West Ridge exploration property, neighboring the True North mine located about 20 miles north of Fairbanks, Alaska.

Anomalous gold in rocks and soil has been detected in an area measuring 400 meters northeast-southwest by 200 meters northwest-southeast, according to the company’s press release. The prospect has been named Old Glory.

Results reported by Teryl’s geological consultant, Avalon Development of Fairbanks, indicate soil values in this grid range up to 1,155 parts per billion gold, equal to 1.16 grams of gold per ton of rock.

Rock samples collected from old prospect pits and trenches within the soil grid assayed up to 10 grams or one-third ounce per ton gold.

Teryl plans to continue expansion of the soil auger grid at Old Glory, followed by backhoe trenching of the main Old Glory anomaly in preparation for drilling in 2003. Also, ground-based geophysical surveys are planned to help better define drill targets.