BAKERSFIELD, Calif., Nov. 23 /PRNewswire-FirstCall/ -- Select Resources Corporation, a wholly owned subsidiary of Tri-Valley Corporation (AMEX:TIV) has increased its land position at its Richardson Property, Alaska, by staking approximately 920 acres of additional claims on state land. The claims provide an expanded land position along the projection of a multi-element soil geochemical anomaly identified through a soil sampling program conducted during the 2005 field season. The anomaly contains elevated values of gold, silver, arsenic, antimony, and bismuth, an association commonly found with intrusive related gold mineralization. Select now holds approximately 27,240 acres at its Richardson Property.
"As announced earlier, our team's work on the Democrat Prospect at the Richardson Property has identified several additional anomalies that we believe merit drilling next season. These recently staked claims provide up to a mile of additional land along the projection of the multi-element anomaly identified by this summer's soil sampling program," stated Harold Noyes, Select's president.
The Richardson Property is located about 65 miles southeast of Fairbanks along the Richardson Highway. The property is located within the Tintina Gold Province of Alaska and Yukon Territory which hosts a number of multimillion ounce intrusive related gold deposits.
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 September 30, 2005, and the annual report on Form 10-K for the year ended December 31, 2004.
Headquartered in Bakersfield, California, the Company 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/.
Contact:
Dr. Harold J. Noyes, President
Select Resources Corporation
800-579-9314
DATASOURCE: Select Resources Corporation CONTACT: Dr. Harold J. Noyes, President of Select Resources Corporation, +1-800-579-9314 Web site: http://www.tri-valley.de/ Web site: http://www.tri-valleycorp.com/
|