Teryl agreement is re-negotiated

An agreement with the Fort Knox Venture has been re-negotiated with respect to the Nerco claims in Alaska, Teryl Resources (VSE) said.

Under the agreement, which will now bring additional payments to Teryl, the Fort Knox Venture may earn an 80% interest in the Nerco claims, with Teryl retaining the balance. Teryl optioned the claims from Nerco Exploration. The claims, hosting several gold targets, are adjacent to the Fort Knox gold property which Amax Gold plans to acquire in a deal with Fairbanks Gold and Gilmore Gold.