Tuesday, 28th September 2004 (3393 views)

Teryl Resources and Linux Gold have announced that drilling has commenced on the Fish Creek Gold Target.

Linux reports that the dual targets to drill are the placer target and the intrusive target, with the objective to test the lithology and to analyse for concentrations of precious/base metals.

The companies plan to drill 25 vertical eight-inch diameter holes on two lines to explore the potential Fish Creek placer gold paystreak, and to test the two anomalies located last year by a magnetic survey.

Twenty auger holes were drilled on Odden Creek on July 14th 2004 near a suspected buried intrusive. Several clustered holes on the west side of the Fish Creek property, including the one penetrating the intrusive, are anomalous in silver, lead, arsenic, and bismuth. These elements were important indicators for the Fort Knox intrusive-hosted gold deposit, which resulted in the discovery of four million ounces of gold.

Teryl Resources Corp is one of the main landowners in the Fairbanks Mining District, Alaska and the company's holdings include the Fish Creek Claims, 50 per cent optioned from Linux Gold Corp.

Linux Gold Corp owns the remaining 50 per cent interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska.

 

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