[Marinir] {Disarmed} Teryl Plans 2012 Drill Program at Westridge Gold Project

[Infostock]

 Click here
http://www.actonsoftware.com/acton/ct/1523/s-00c9-1203/Bct/l-0002/l-0002:15bcd/ct0_1/1
 to view this message in a browser window

http://www.terylresources.com/ 

TERYL RESOURCES CORP. ANNOUNCES DRILLING PERMIT APPLIED FOR WESTRIDGE 
2012 EXPLORATION PROGRAM, FAIRBANKS, ALASKA 

Teryl Resources Corp. (TSX Venture Exchange: TRC.V 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=TRC&region=C&lookup=symbol&snapshot=default 

, OTCBB: TRYLF 

http://www.stockwatch.com/Quote/Detail.aspx?symbol=TRYLF&region=U&SubmitSource=TextSymbol 

) wishes to announce it has applied for an exploration program permit to 
drill five (5) targets on the Westridge property. The 2012 Westridge 
Exploration Program is designed to test both the placer and lode targets 
located within the claim block. 

Previous lode exploration has identified 5 targets within the Westridge 
Area. Current lode targets include: 

Old Glory Prospect - This prospect is a shear and intrusive hosted 
anomaly located along a northeast-southwest fault. The >50ppb 
gold-in-soil anomaly is 90 metres x 90 metres punctuated by a 1,155 ppb 
gold-in-soil sample. Three trenches and two drill holes have tested the 
prospect. The best drill intercept consisted of 10 metres of 1.6 g/t Au 
from 121 to 131 metres. The anomaly remains open in all directions and 
has not been thoroughly tested. 

Black Dome Prospect - This prospect is located along the same fault that 
forms the southern boundary of the True North Deposit. Gold 
mineralization consists of carbon-rich, Fe-stained schist and eclogite 
similar to the True North Deposit. Past exploration has been limited. 

West Anomaly - The West anomaly covers an area of approximately 1,220 
metres (4,000 feet) NW-SE by 914 metres (3,000 feet) NE-SW and is 
defined by coincident gold and arsenic-in-soils results. Drilling 
consisted of 5 drill holes totaling 1,650 feet with gold intersections 
reported at values up to 6 metres (20 feet) of gold grading 0.93 g/t Au. 

East Anomaly - The East anomaly extends along a general northeast trend 
for 2,230 metres (7,000 feet) and represents values from trace up to 
1.64 ppm Au in soil Drill results from 5 holes are not currently 
available. 

Moose Creek Anomaly - This anomaly is on trend with the West Anomaly and 
has not been drill tested. 

Mineral exploration is proposed to consist of up to 610 metres (2,000 
feet) of shallow core drilling utilizing a narrow diameter AQ core drill 
to initially test lode targets on the Old Glory Prospect and Moose Creek 
Anomaly. On positive results, a larger scale reverse circulation drill 
program will be conducted. 

The total cost to complete all two phases of exploration (610 metres 
lode and 180 metres placer) is estimated to be $200,000. This estimate 
is subject to a quote pending for drilling services and includes a 10% 
contingency for each phase. 

John Robertson, President of Teryl Resources Corp., states, "Due to the 
Company receiving $2.5 million from the initial payment on the sale of 
the Company's 20% interest in the Gil property, no additional funding is 
required to execute this Phase of the Westridge Exploration Program". 

Paul D. Gray, P.Geo., is a qualified person as defined in NI 43-101 and 
also qualified under the rules stated by the U.S. Securities Commission 
("SEC"), and has verified the data contained in this news release for 
accuracy. 

ABOUT THE WESTRIDGE PROPERTY 

The Westridge Property is a road accessible gold prospect located in the 
Fairbanks Mining District of Alaska. Creeks in the area such as Dome, 
Fox, Steamboat, and Flume were mined extensively for placer gold. 
Limited past exploration in the 1990's and 2003 show shear and intrusive 
hosted gold mineralization at the Old Glory Prospect, Black Dome 
Prospect, East Anomaly, West Anomaly and the Moose Creek Anomaly. The 
True North Mine (~450,000 ounces of gold) is located two miles to the 
northeast. 

ABOUT TERYL RESOURCES 

Teryl Resources Corp. symbol TRC.V TSX Venture - has several gold 
prospects in Alaska near the Kinross Fort Knox Mine, a 100% interest in 
the Westridge property (located near the Fort Knox mine); a 50% option 
on the Fish Creek property, adjacent to the Gil property. Teryl retains 
a ½ of 1% royalty until $15 million is paid in payments from the 
Gil property in Fairbanks, Alaska, to date $2.5 million dollars has been 
received; a 10% net profit interest in the Stepovich claims, near the 
Fort Knox deposit; and a 40% interest in a silver property located in 
Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl 
also has a small revenue interest in three producing oil and gas wells 
in Texas with Anadarko Petroleum as the operator. See 
www.terylresources.com website for more detailed information. 

ON BEHALF OF THE BOARD OF DIRECTORS 

"John Robertson" 

John Robertson, President 

Press Release contact information: 

John Robertson President, Teryl Resources Corp. 

T: 800-665-4616 

http://www.terylresources.com 

http://www.terylresources.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. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as 
that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com

KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************

If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-00c9-1203/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20120304/31814914/attachment.html>