FAIRBANKS, Alaska Drilling by Toronto's KINROSS GOLD and partner TERYL RESOURCES of Vancouver has extended the strike length of the Main Gil zone to almost 3,000 ft. The property is about five miles east of the Fort Knox gold mine, owned and operated by FAIRBANKS GOLD, a subsidiary of Kinross. (See the June 2003 issue of CMJ for the Fort Knox story.)
The extension was revealed during the first phase drill program, undertaken earlier this year in part to increase geological understanding of the Main Gil gold deposit, specifically the gold distribution model. Details of the assay results can be found in the Press Releases at www.terylresources.com. Phase two drilling, budgeted at US$750,000, includes definition and infill drilling.