History

In 1987, Tri-Valley Corporation acquired precious metalsclaims on Alaska state lands.  We have conducted exploration operations on 250 square miles of the Richardson area and about 15 square miles of the Livengood area, and we have selected a final block of approximately 28,720 acres (44.9 square miles at Richardson and 11 square miles at Shorty Creek).  Select’s mineral propertiesinclude approximately 56 square miles of claims surrounding areas of known gold and gold/copper mineralization in two areas of the Tintina Gold Belt of Alaska which currently hosts more than 30 million ounces of gold.  Select has also acquired a developed high grade, high brightness calciumcarbonate (limestone) property with significant infrastructure in South-East Alaska near Ketchikan.

Select Resource Corporation, the mineral division of Tri-Valley Corporation, was formed in November 2004 with the intent to advance and grow the mineral assets of Tri-Valley and monetize the assets so that Tri-Valley Corporation and its shareholders could be diversified and benefit from more than just Tri-Valley’s oil and gas assets. 

In 2005, Tri-Valley transferred its existing gold exploration properties (Richardson and Shorty Creek) to Select Resources.   Select has conducted trenching, core drilling, bulk sampling and assaying activities on its gold properties, and have reason to believe that sufficient mineralization exists to justify additional exploration activities.  Management believes these properties hold considerable promise based on historic and current Tri-Valley/Select and third party exploration.

Also in 2005, Select acquired a calcium carbonate mine (Admiral Mine), located northwest of Ketchikan, Alaska.  The Admiral Mine is a very high grade, high bright deposit deemed to be among the top 1% of such deposits in the world.  The mine is in a care and maintenance mode while Select organizes a customer base before restarting the mine.