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Siga Resources Inc. is a mineral resource exploration and development company incorporated in Nevada in 2007. Siga is currently based in South Lake Tahoe, California.Under new management since September 2010, Siga has a revised corporate strategy and is targeting precious metals properties that have the potential for production and early positive cash flow.

Siga is reviewing a number of precious metal properties that are near to, or in production, located in North and South America and has two precious metals projects in its portfolio at the present time.

 

Siga Resources Latest News
 
Siga Resources Inc Announces Progress on Lucky Thirteen Field Program
Siga Resources Inc (OTC.BB: 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:

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Siga Resources Acquires 100 Percent of Lucky Thirteen Gold Project
10 March, 2011 – Siga Resources, Inc. (OTC.BB: SGAE)— President and CEO Edwin Morrow announced today that Siga has completed arenegotiation of its agreement to acquire the Lucky Thirteen Placer, near Hope, BC. Under the new agreement, Siga is acquiring 100 Percent of the Lucky Thirteen Placer Gold project as opposed to 80 percent that the earlier agreement provided. The new agreement is between Siga Resources Inc, and Mr. Peter Osha, the owner of the Lucky Thirteen placer.

Siga has agreed to acquire the property and place the project in production. The purchase price is $1.5 Million payable over 4.5 years, and Osha retains a 3% net smelter royalty. The commitment includes an initial approx $400,000 recommended evaluation program, which will commence when weather allows.

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