Teryl Plans To Spend US$1.644 Million In 2009 On Gil Joint Venture Gold Claims

Teryl Resources Corp. has announced its 2009 exploration budget for the Gil joint-venture gold claims. The company plans to spend US$1,644,000 on: ground magnetometer surveying, concentrating on the Sourdough Ridge; delineating mineralized zones plus establishing a resource base at Sourdough Ridge; and, expanding the resource at North Gil. The news release has further details, and expected dates for each phase of the exploration program.

This item was released this morning. Yesterday, Teryl closed at 11 cents for a gain of 1 cent. The current bid - ask is 7 cents - 11 cents.

The company's Google Finance web page is here.


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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

Teryl Resources Assays 1.90 g/t Over 12.19 m On Drill Hole In Sourdough Ridge Project

Teryl Resources Corp. has issued a summary of its 2008 exploration program on its partially-owned Gil Joint Venture project in Alaska, concentrating on the Sourdough Ridge area. The best hole had an interval of 1.90 g/t gold over 12.19 m, starting at 114.3 m. The itemized results from that hole, GVR 08-505, is contained in the news release.

As of the time of this post, Teryl has not traded; it last closed at 10 cents last Thursday. Current bid-ask is 11 cents - 13 cents, indicating a higher open if it trades today.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.