SOURCE: Siga Resources Inc

Siga Resources Inc

December 08, 2011 08:30 ET

Siga Resources Announces Additional Lucky Thirteen Information

CARSON CITY, NV--(Marketwire - Dec 8, 2011) - Siga Resources Inc (OTCBB: SGAE) is pleased to inform its shareholders and interested parties of plans to take the Lucky Thirteen Placer Project forward. In review meetings this week in Vancouver with joint venture partner representatives, several activities were approved to use the winter season to full advantage by initiating a series of tasks necessary to continue and enhance the project development schedule and prepare for the field season in spring of 2012.

Specifically approved were:

  • Identification and design of new access road suitable for ordinary vehicle and truck traffic and incorporating an acceptable permanent railroad crossing.
  • Initiate the field location and preliminary schedule for power line installation for washing and screening operation.
  • Complete final gold recovery testing using the 49,000 pounds of jig concentrate produced for this work during the bulk sampling program.
  • Based on results and recommendations of the recovery testing, Siga will begin specific equipment identification, availability and costing.
  • Initiate aggregate and placer mining by-product marketing study to identify outlets and product list.

Siga Resources Inc, founded in 2007, Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's primary geographical interest is North and South America.

Siga continues to seek and review projects meeting the goals of its business plan, and encourages submittals of projects which offer potential short time frames to production, similar to the Lucky Thirteen Placer in Hope, BC.

Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "could," "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.

Contact Information

  • Contacts:
    Email Contact

    Ed Morrow
    530 577 4141

    Robert Malasek
    760 607 8268