CARSON CITY, NV–(CRWENEWSWIRE -10/13/11) - Siga Resources Inc (OTC.BB:SGAE.OB) is pleased to announce that the evaluation of the concentrates produced from the bulk sampling program at Lucky Thirteen is in progress with some initial data reported.
Siga chose Western Testing in Abbotsford, BC to evaluate the commercial gravel specifications and for mineralogical evaluation of the bulk concentrate. Metsolve Inc of Langley, BC is evaluating the occurrence and amount of gold in several size fractions in the bulk concentrate, and has run gravity separation tests.
Initial results have been received from separation tests and gravel qualification. Testing has established that the bulk concentrate can be reduced by 50 percent in volume by gravity separation, and that much of the gold is in fine particles which will need additional treatment for complete recovery. The reduced concentrate is 30 to 35 percent magnetite. Leaching or magnetic separation are two methods of final recovery in consideration for the testing process.
We know that the gravels clearly and easily meet the standards for concrete gravel and other uses in the aggregates industry.
More than 50 concentrate samples are currently in process, with final results estimated at three weeks out. Further announcements will come as information is received.
About 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 primary geographical interest is North and South America.
Siga continues to seek and review projects meeting the goals of the business plan, and which offer similar short time to positive revenue as the Lucky Thirteen Placer does.
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.
Source: Siga Resources Inc.
Contact:
Ed Morrow
President
530 577 4141
Robert Malasek
CFO
760 607 8268
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
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