Teryl Resources has planned to commence a drilling program at the Westridge property for analyzing many anomalous gold targets. The location of the Westridge claims are 22 miles north of Fairbanks in Alaska and next to the True North Prospect, a 1.3 Moz gold deposit, which was acquired by Kinross formerly for $96 million of cash and shares.
A soil and rock sampling program was performed at around 1,600 m to the western side of the Old Glory prospect during August 2004, in which the company identified a considerable gold mineralization in 2003. Former soil sampling campaign performed by Amax Gold resulted in exploration activities in the recently exposed area and found anomalous arsenic and gold in soils at the ridgeline between Moose Creek #1 and #2. Preliminary sampling included 20 rock samples and 14 soil samples that were gathered from the hand-dug pits.
One of the two regions, which was chosen for this work, encountered soil samples having gold values that range up to 848 ppb with prominent values of antimony and arsenic. There were consistent high values of antimony, arsenic and gold in the soil samples gathered from granodiorite intrusive host rocks, which signifies a potential genetic involvement between the gold mineralization and intrusive rocks. The company collected rock samples from the same hand-dug pits and soil samples yielded gold up to 4,350 ppb. Fairbanks Schist’s quartz-mica schist and iron oxide stained intrusives bearing quartz hold gold along with anomalous antimony and arsenic. The mineralization extent is open for extension over the sampled areas so far during 2004.
Further rock and soil sampling will be performed during October with an objective of outlining future targets for the Westridge property, based on encouraging results from primary sampling. The Westridge property is situated two miles of True North deposit’s southern part and six miles of Fort Knox deposit’s northern part, which had 4 Moz gold grading 0.03 opt gold.
In 1999, two different gold in soil anomalies at the Westridge property was spotted by RVC drilling and a Bombardier auger soil sampling campaign. The west anomaly is located about 4,000 ft NW-SE by 3,000 ft NE-SW. The expansion of the east anomaly is for 7000 ft along a northeast trend. The company has reported significant gold intersection of values up to 35 ft gold at a grade of 1.68 g/t gold during early drilling program.
Source: http://www.terylresources.com/