Siga Resources Announces Lucky Thirteen Placer Progress on Level Stock.com

Siga Resources Announces Lucky Thirteen Placer Progress

CARSON CITY, NV, Dec 03, 2011 (LevelStock.com News) -- Siga Resources Inc (OTCBB: SGAE) is pleased to announce that it has now received all the raw results from the 9 bulk test pits completed in late summer and fall on the Lucky Thirteen property. More than 8,000 cubic yards were excavated and processed during the program, generating approximately 50,000 pounds of gold bearing black sands. With the raw assays in hand, Siga is modeling the tested area, and via metallurgical studies, determining an appropriate method to upgrade the wash plant concentrates and recover the fine flake gold inherent to the deposit. While too early to precisely predict production grades, Siga expects to see production levels for alone in the range of $25 to $50 per cubic yard at current price levels.

During the testing, Siga has also qualified the gravels as acceptable for the concrete and other aggregate markets, and plans for pursuing and enhancing this aspect of the Lucky Thirteen revenue stream are underway.

Siga will report on the ongoing feasibility study in the near future.

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.

About LevelStock.com

We are an investor community and investors relations website specializing in emerging growth stocks in today's Hot Sectors and providing a platform of services for SmallCap, MicroCap, NanoCap Companies.

We encourage everyone to join our social media sites:

Free Subscription For Our Newsletters: http://www.levelstock.com/

FaceBook: https://www.facebook.com/LSCFanPage

Twitter: http://twitter.com/levelstock

LevelStock.com is not a registered investment advisor or broker-dealer. The information here is believed to be reliable, but not guaranteed to be accurate by LevelStock.com Please be advised that the information contained may or may not be complete and is solely for informational purposes only. Please read our full disclaimer for complete risks and disclosures http://www.levelstock.com/news.php?viewStory=19

LevelStock.com is a premier provider in tracking penny stocks daily in the stock market. We specialize in emerging growth stocks in Small Cap, OTC Bulletin Board and Pink Sheet Stocks. LevelStock.com offers Hot Penny Stock Alerts and Penny Stock Newsletters to our members. Join Us Today! Registration is Completely Free.