SOURCE: Siga Resources Inc

Siga Resources Inc

March 22, 2011 00:40 ET

Siga Resources Inc Announces Progress on Lucky Thirteen Field Program

SOUTH LAKE TAHOE, CA--(Marketwire - March 22, 2011) - Siga Resources Inc ( (OTCBB: SGAE) President and CEO, Edwin Morrow announced progress with the preparations for its upcoming Lucky Thirteen Placer evaluation program. Following the recently announced renegotiation of the Lucky Thirteen placer property purchase agreement, several logistical milestones have been reached:

  • Inspection and plans for cleanup and repair of the existing access road from the highway have been completed.
  • Agreement and permission has been received from the Canadian Pacific Railroad Co. for a temporary vehicle crossing of the tracks adjacent to Lucky Thirteen. This temporary crossing is for the short term evaluation program and will be upgraded to permanent prior to production.
  • The program and budget for the evaluation have been agreed upon by Siga and Peter Osha, as required by the purchase agreement. An experienced contractor, Triple O Contracting of Quesnel, BC will operate the evaluation program excavation under the direction of Siga's management and contractors.

"We are well on schedule and expect to begin operations soon," said Edwin Morrow, President and CEO of Siga Resources Inc. "We are very interested in progressing quickly at Lucky Thirteen given the reports that we detailed in our last news release. Our objective is to get Siga in a positive cash flow situation as soon as possible and we think that Lucky Thirteen will fulfill that objective," said Morrow.

About Siga Resources Inc

Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. 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 general geographical interest is North and South America.

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 "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

  • Contact:
    Siga Resources Inc
    Edwin Morrow
    President and Director
    Phone: 1-530 577-4141
    Fax: 530 548 7369
    Email Contact