Tuesday, 12th October 2004 (2524 views)

Mining firm Teryl Resources has announced that samples from the Fox Creek site have returned positive results.

According to the company, two grab samples returned positive values of gold and were from an area just a quarter of a mile away from a recently reported hot gold sample site.

Now a $20,000 drilling programme is underway to sample the new gold zone between the West Ridge property and the potential Fox Creek discovery.

Teryl has interests in four gold properties, including Fish Creek and Fort Knox deposit.

The company is one of the main landholders in the Fairbanks Mining Division, Alaska's most prolific gold mining camp.

 

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