SOURCE: Tri-Valley Corporation

August 25, 2005 12:42 ET

Select Resources Initiates Exploration Program on Shorty Creek Prospect, Alaska

BAKERSFIELD, CA -- (MARKET WIRE) -- August 25, 2005 -- Select Resources Corporation, a wholly owned subsidiary of Tri-Valley Corporation (AMEX: TIV), today announced it has initiated the first phase of its 2005 exploration program on the Shorty Creek property in Alaska. The Shorty Creek property consists of approximately 9,700 acres of Alaska state mining claims located about 75 road miles north of Fairbanks adjacent to the paved Elliot Highway.

A field crew has mobilized to the property primarily to conduct an extensive soil sampling survey over two intrusive-related gold-copper targets identified through integration of previous surface work on the property with satellite imagery, airborne geophysics, regional geochemistry, and geologic interpretation. A total of approximately 650 soil samples are expected to be collected over the two primary targets. In addition, reconnaissance sampling and geological mapping are planned as part of a preliminary evaluation of other prospective areas on the property identified through interpretation of public data sets.

The Shorty Creek property is located in the Tintina Gold Province in the Tolovana-Livengood Mining District, which has produced in excess of 500,000 ounces of placer gold. Previous exploration in the Shorty Creek area has identified mineralization and alteration characteristics consistent with other mineralization centers in the Tintina Gold Province, such as the multi-million ounce Fort Knox, Pogo, and Donlin Creek deposits.

Harry Noyes, Select's President, commented, "Our team of consultants has reviewed and reinterpreted all available data and identified several targets that merit priority attention. We are excited about the opportunity to evaluate this property in the context of the larger Tintina Gold Province, which was not recognized when the last systematic program of record was conducted on prospects in the claim block in 1990."

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. The Company's 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 www.tri-valleycorp.com and 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 June 30, 2005, and the annual report on Form 10-K for the year ended December 31, 2004.

Contact Information

  • Contact:
    F. Lynn Blystone
    President & Chief Executive Officer
    1-800-579-9314