Tri-Valley Unit Reports Positive Gold Results at Shorty Creek
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Market Wire
12:52 p.m. 09/26/2005
BAKERSFIELD, CA, Sep 26, 2005 (MARKET WIRE via COMTEX) -- Select Resources Corporation, a wholly owned subsidiary of Tri-Valley Corporation (TIV), today announced initial results from soil sampling at its Shorty Creek program in Alaska's Tintina Gold Belt.
The company recently completed a top-of-bedrock soil auger sampling program covering a 2.3 square kilometer (approximately 0.89 square miles) portion of the project where past exploration efforts had discovered highly anomalous gold and copper mineralization. A total of 566 soil samples were collected on a 25 meter by 100 meter (approximately 80 X 330 feet) grid. Initial results from 222 of these soil samples from the southern portion of the grid have returned highly anomalous gold, silver, arsenic, bismuth, antimony, tellurium and tungsten values.
Anomalous gold and pathfinder elements from this grid cover an area measuring 1,700 meters NE-SW by 900 meters NW-SE (approximately 5,600 X 2,970 feet). Gold, arsenic and bismuth values are highly anomalous over the entire area of the grid from which samples have been received.
The Shorty Creek gold project is located about 75 road miles northwest of Fairbanks along the paved Elliot Highway. The property has good infrastructure, including road access and is adjacent to the Alaska pipeline. It is located in the Tintina Gold Province of Interior Alaska, currently recognized for its favorability for multi-million ounce intrusive-related gold deposits, such as the Fort Knox (7.2 million ounces) deposit and the Pogo deposit (5.2 million ounces).
Select's President, Harold Noyes, noted, "This season's program was designed to capitalize and expand on previous work and the results have indicated to us that the gold and pathfinder anomalies are more robust and extensive than previously thought. Collectively, the anomalies are consistent with an intrusive related gold system similar to others in the Tintina Gold Belt where past lode and placer gold production has exceeded 34 million ounces and current gold resources top 105 million ounces."
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