Teryl Resources Announces an Additional 10% Net Profit Interest

Teryl Resources Corp. (TSXV:TRC,OTC:TRYLF) reports that it has acquired an additional ten percent NPI in the Silverknife property.

The press release is quoted as saying:

The Silverknife mineral claims have been held continuously since they were staked in 1983 and are held in trust by Reg Technologies Inc. Through a series of Property agreements, Minewest holds a 70% working interest, subject to a 10% net smelter return, in the Property. Teryl Resources Corp. holds 30% working interest, and a 10% NPI in the Property. Reg Technologies Inc. is retaining a 5% net profit interest in the Property. A one percent (1%) NSR is payable to SMR in relation to the Silverknife Property.

President of  Teryl Resources Corp. , John Robertson says:

“Teryl Resources Corp. now owns a 30% working interest, and a 10% net profit interest and Reg Technologies Inc., through Minewest controls 70% interest, in a silver, lead, zinc property, near the Silvertip silver, lead and zinc property, owned by Silvercorp, located 100 kilometers from Watson Lake, Yukon.”

Click here to access the entire news release.

Click here to access Teryl Resources’ company profile.