BAKERSFIELD, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Select Resources
Corporation and Curlew Lake Resources jointly announced today initiation of
the 2005 exploration program of their jointly held Typhoon claim group in the
Clear Creek District of Yukon Territory. The program is designed to identify
lode gold deposits in this historic placer district. The first phase of the
program is to complete a detailed soil geochemical survey and a ground
magnetometer survey of the claim group, focusing on claims staked in 2004.
This program will include follow-up of several soil anomalies identified late
last year. It is expected that soil samples will be submitted for analysis
within the next few days, with preliminary results expected in approximately
30 days.
As announced earlier, Select has optioned Curlew Lake's Typhoon claim
group in the Clear Creek District, consisting of approximately 3 square miles
of claims. The Clear Creek District is recognized as a component of the
Tintina Gold Province, which hosts a number of significant lode gold deposits
in Alaska and Yukon Territory. The Typhoon claim group extends for several
kilometers along 65 Pup Creek, which shows evidence of placer mining.
Harold Noyes, Select's President, stated, "This is an exciting opportunity
for Select to extend its experience in the Alaska segment of the Tintina Gold
Province to another promising area. The geologic environment, the evidence of
bedrock occurrences, and the extensive placer workings are all positive
indicators of potential mineralization in the Clear Creek District."
Select Resources Corporation is the mining subsidiary of Bakersfield,
California-based Tri-Valley Corporation.
Tri-Valley Corporation is in its 43rd year of business as a successful
operating company and for 32 years has been a full reporting 12 (g) publicly
traded Delaware Corporation. Tri-Valley Corporation stock is publicly traded
on the American Stock Exchange under the symbol "TIV" in the United States and
is also traded in Europe on the Frankfurt Stock Exchange under the symbol "TVC
WKN 911919." Our company websites, which include all SEC filings, are
http://www.tri-valleycorp.com and http://www.tri-valley.de.
This press release contains forward-looking statements that involve risks
and uncertainties. Actual results, events and performance could vary
materially from those contemplated by these forward-looking statements which
includes such words and phrases as exploratory, wildcat, prospect, speculates,
unproved, prospective, very large, expect, potential, etc. Among the factors
that could cause actual results, events and performance to differ materially
are risks and uncertainties discussed in the company's quarterly report on
Form 10-Q for the quarter ended March 31, 2005, and the annual report on Form
10-K for the year ended December 31, 2004.
For further information, please contact: F. Lynn Blystone, President &
Chief Executive Officer of Tri-Valley Corporation, +1-661-864-0500, or toll
free, +1-800-579-9314, or fax, +1-661-864-0600.
SOURCE Tri-Valley Corporation
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Related links:
http://www.tri-valleycorp.com
CONTACT:
F. Lynn Blystone, President & Chief Executive
Officer of Tri-Valley Corporation, +1-661-864-0500, or toll free,
+1-800-579-9314, or fax, +1-661-864-0600
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