Select Resources Corporation Initiates Exploration Program on Its Typhoon Claim Group in Yukon Territory
August 02 2005 - 4:53PM
PR Newswire (US)
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. DATASOURCE: Tri-Valley
Corporation 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 Web site:
http://www.tri-valleycorp.com/
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