11:53 AM EST - US Gold Corporation : announced that Select Resources Corporation, the wholly-owned mineral subsidiary of Tri-Valley Corporation, has entered into a binding letter of intent with US Gold, outlining the principal terms and conditions for a four-year Exploration Lease and Purchase Option Definitive Agreement with respect to Select's Richardson Project in Alaska. Under terms of the letter of intent, US Gold will acquire an exploration lease for Richardson, along with an exclusive option to purchase a 60% interest in the project and enter into a joint venture with Select for its development. The Definitive Agreement is expected to be finalized by July 1. US Gold Corporation
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