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Spirit
Exploration Inc., (Pink Sheets: SPXP)
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Dear Reader,
Credit problems, inflationary pressures and the weakening U.S. dollar
are contributing to investor anxiety and pushing the price of gold higher
and higher. People fearing continued financial uncertainty are turning
to traditional safe havens - hard assets. This is stoking the fire
and, as we've seen in the past, we are witnessing a flight to gold.
Gold is a chemical element with the symbol Au. Gold is the most malleable
and ductile metal. A single gram can be beaten into a sheet of one
square meter, or an ounce into 300 square feet. Interesting, but how does
it perform in the market as a value product?
In 1910 an ounce cost $20.67. In 1970, $37.60. In 1980, $641.20. What
a jump during the 70's with that decade's 'stagflation' and 'inflation.'
In 2000, gold had fallen back into realistic pricing at $272, while the
world economies flourished. But as economies around the world began
slowing down in the early years of the new millennium, up went the price
of gold. In 2005, $513.00 and in 2007, $807.00.
Just take a look at the jump
in the
Dow Jones
U.S. Platinum & Precious Metals
Index
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With the bundled mortgage and mortgage insurance markets generally forecasted
to be at best - flat in 2008, there has been a flight to gold and the company
we bring you today, Spirit Exploration, is deeply entrenched in
the gold mines of Ecuador, one of the world's most gold-productive regions.
As many investors have recently looked at the balance wheels and pie
charts of their assets and diversification, we think our featured profile
today is well worth your review. Do you own any gold related stocks?
Take a look...
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Breaking *NEWS*
>From Spirit Exploration Inc. |
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a
Press Release
Source: Spirit Exploration, Inc.
Monday February
11, 9:00 am ET
Spirit Exploration, Inc. Updates
Shareholders on Recent Events and Positive Company Direction Going Forward
BAKERSFIELD, CALIFORNIA--(MARKET
WIRE)--Feb 11, 2008 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News)
today announced an update for shareholders. The update includes certain
recent Company developments as well factors in the Company's future direction.
Many positive developments have occurred since Spirit last updated shareholders
in early December of last year. The update covers the Company's goal of
a listing on a senior exchange, funding, mining operations as well as management
changes. The individual topics are discussed below.
Becoming Fully Reporting
Company and Listing on a Senior Exchange
Over the last 2 months,
Spirit Exploration has filed its audited consolidated financial statements
on Pinksheets for 2006 and 2007. Additionally the Company has filed its
Form 10 with the Security and Exchange Commission which included those
audited financial statements. The SEC has responded with comments and our
response to those comments is close to completion pending only final engineering
confirmations. At the completion of the SEC review process, Spirit will
be a fully reporting Company. We expect this process to be completed within
the next few weeks. The Company intends to apply for a listing on a senior
stock exchange immediately upon completion of the Form 10 review process.
Funding of Spirit
Exploration
As previously announced,
Spirit Exploration is in the process of obtaining multiple financings that
will enable the Company to aggressively pursue its business plan throughout
2008 and into 2009. The Company has presented what we believe to be all
documentation required to be presented to the underwriting group to complete
a subscription of $20 Million in Asset Backed Notes. The Company is also
pursuing additional short-term funding opportunities that will enable the
Company to properly pursue its business plan.
Mining Operations
Last year's election
of President Correa is seen as very encouraging for mining companies working
in Ecuador. President Correa has commented that Ecuador's path out of poverty
and growth as a nation is through mining and Spirit believes he will continue
to strongly support laws and regulations that enable foreign companies
such as Spirit Exploration to conduct full-scale operations.
Currently, Spirit through
its wholly owned subsidiary, ECUADORGOLDCORP, S.A has a number of projects
under way. Spirit, with its new funding, will aggressively move forward
and increase the number of gold and other precious metal projects dramatically
over the next two years. For more information on current projects see: http://www.spirit-exploration.com/projects/.
Management
Thomas J. Cunningham
has joined the company as President effective January 15, 2008. Mr. Cunningham
has over thirty years experience in natural resource exploration and development.
His experience with publicly traded companies, the Securities Exchange
Commission and the American Stock Exchange will be very valuable as the
company moves forward with application for listing on the AMEX and/or other
stock exchanges.
About Spirit Exploration,
Inc.
Spirit Exploration,
Inc. (an exploration stage company), through its 99% owned subsidiary ECUADORGOLDCORP,
S.A., is a natural resource exploration company with an objective of acquiring,
exploring and if warranted and feasible, developing natural resource properties.
Activities during the exploration stage include developing the business
plan, raising capital, and acquiring properties in Ecuador which have mining
concessions granted by the Ecuadorian government.
Forward-Looking Statements:
Certain information and statements included in this release are intended
to constitute "forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance, or achievements of the
company to be materially different from any future results, performance,
or achievements expressed or implied in such forward-looking statements.
Contacts:
Goal Capital LLC
Dan Gravelle
1-877-887-2118
Email: danny@spirit-exploration.com
Website: http://www.spirit-exploration.com
Source: Spirit
Exploration, Inc.
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About Spirit Exploration Inc. |
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a
Spirit Exploration Inc., ("Spirit""SPXP") through its 99% owned
subsidiary ECUADORGOLDCORP, S.A., is a natural resource exploration
company with an objective of acquiring, exploring and if warranted and
feasible, developing natural resource properties. Activities during the
exploration stage include developing the business plan, raising capital,
acquiring mining properties in Ecuador. We are in the process of bringing
several mines into production. We have acquired, and we have options to
acquire, a diverse range of mineral production and exploration properties
in Ecuador.
| Ecuador is one of the world's
most exciting mineral resource countries.
Spirit Exploration's mission
is to identify and acquire lucrative mineral resource properties and mines
in Ecuador. |
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Southern Ecuador has rapidly become
an attractive choice for mineral exploration/development companies. Permissive
geology in unexplored or under explored areas, a stable mining code, an
opportunistic labor pool, no restrictions on capital flows, and relatively
good infrastructure has led to the recent interest in the country. Ecuador is mineral rich with the same geological framework and mineral potential
as its neighbors, Peru, Chile, and Colombia although it remains under explored
compared to those countries.
Spirit activities during the exploration
stage include: developing the business plan, raising capital, acquiring
mining properties in Ecuador.
Spirit is in the process of bringing several mines into production. Spirit
has acquired, and has options to acquire, a diverse range of mineral
production and exploration properties in Ecuador. Spirit has interest in gold camps near Aurelian's Del Norte Discovery, Nambija,
and Portovelo. Spirit also owns three mines and a flotation processing
plant in the Muluncay Mining District near Portovelo in Southern Ecuador.
The company is based in Victoria, Canada.
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Gold Mining |
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GOLD MINING IN 1951
Mineral Exploration
and Development in Ecuador
Although gold has been mined in Ecuador for centuries
most of this mineral rich country has been unexplored by modern techniques
and is dominated by small-scale artisanal miners that are inefficient;
the use of modern exploration and mining methods and equipment can be applied
to great benefit Ecuador’s low costs of labor and fuel make mining very
profitable. High overall ore grades with cut off grades often exceeding
10 grams gold per ton allow high margin mining. Improvements in mining
laws in the last decade have provided an opportunity to confidently stake
claims and recent discoveries indicate the opportunities available to mineral
claim holders. In addition, Ecuador’s low costs of labor and fuel make
mining in Ecuador relatively cost effective in comparison to other regions.
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Quito is the capital of Ecuador
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The mines in RED are Spirit Exploration
properties
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The
Spirit Exploration Strategies
- To acquire existing mines and processing
facilities that can be upgraded inexpensively and produce significant cash
flow quickly.
- To establish strong in country ties
and partnerships to get an inside track on new acquisitions; and to add
to the many local “agents” working on Spirits behalf in all the gold camps.
- To structure acquisitions to minimize
upfront cash payments thereby maximizing exploration funds; Spirit has
negotiated favorable acquisition terms that allow us to preserve cash and
fully test our optioned properties.
- To establish a large strategic land
position in the major gold camps of Southern Ecuador: near Aurelian’s Del
Norte Discovery, Nambija and Portovelo. To cost effectively conduct mineral
exploration by joint venturing which allows Spirit to advance these properties
with little capital while still participating in the upside.
- To build strong local relations and
take advantage of local knowledge and cost effective local mining and administrative
talent.
Spirit
strictly observes all the Environmental and Other Regulatory Requirements
of Ecuador and its mining regions
A Gold Industry
Statistic: Market Capitalization: 226 Billion
... other publicly traded companies
in the gold and gold mining industry ...
LIHIR GOLD LTD ADR (NasdaqGS: LIHR)
- BARRICK GOLD CP (NYSE: ABX)
GOLDCORP INC (NYSE: GG) - NEWMONT
MIN CP HLDG (NYSE: NEM)
RANDGOLD RES LTD (NasdaqGS: GOLD)
- COMPANIA DE MINAS BUENAVENTURA (NYSE: BVN)
INTL TOWER HILL MINE (AMEX: THM)
- SOLITARIO RESOURCES (AMEX: XPL)
VISTA GOLD NEW (NYSE: VGZ) - YAMANA
GOLD INC (NYSE: AUY)
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Spirit Exploration Projects |
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AN OVERVIEW
Spirit has finalized the acquisition of three
mines and a flotation processing plant in Southern Ecuador – the “Muluncay
Project.” The initial acquisitions provide properties from which Spirit
can start producing gold immediately. These acquisitions are presently
being upgraded. This area has historically yielded in excess of 4.5 million
oz. of gold from epithermal gold/silver vein systems. Spirit’s holding
encompasses 2100 hectares. Spirit has also acquired another
concession – the “Maria Olivia” – in the same
region. Both the Muluncay Project and the Maria Olivia Project are open
to depth and we believe could yield substantial reserves. We plan on building
our reserve base with an extensive underground drilling program. Spirit
Exploration has acquired and has options to acquire other mineral production
and exploration properties as referenced more fully below in Ecuador totaling
in excess of 80,000 hectares. These optioned
properties include Fierro Urco I, Fierro Urco
II and Campo de Oro.
the
M u l u n c a y
project
The Muluncay Project is situated about 109 miles southeast
and 37 miles east of the major Pacific port cities of Guayaquil and Machala,
respectively.
It lies on the western slope of the Andes Mountains,
part of the Western Cordillera which runs the length of the west coast
of North and South America.
Highlights
- Currently being upgraded to 110 tons
of ore per day.
- Inferred Resource 600,000 ounces of
gold.
- Located in the world-class gold belt
in the Province of El Oro, Ecuador.
- High-grade vein structures with an
average grade of 6 to 8 gT gold with 1% copper.
- Estimated final production at 500 tons
of ore per day
"Look for new deposits near old deposits."
This is why the Company has entered into the mining business in Ecuador
and more particularly in the Portovelo area. Within El Oro Province the
Portovelo-Zaruma-Muluncay mining camp has conservatively produced in
excess of 4.5 million ounces of gold since 1905.
Spirit has finalized the acquisition of three mines and a flotation
processing plant in Southern Ecuador – the Muluncay Project. These
acquisitions provide properties from which Spirit is already producing
gold. While Spirit has already produced our first shipment of concentrate,
it has become apparent that an upgrade to our processing capacity is necessary
to take advantage of the tremendous opportunity presented at Muluncay.
These mines and processing plant are presently being upgraded.
Spirit has acquired the workings contained by the Aguacate Mine from
Sr. Manuel Lopez of Muluncay, Province of El Oro, state of Ecuador. This
is located within the centre of the Muluncay concession. The Muluncay concession
lies in the centre of the Portovelo-Zaruma mining camp, which is found
in the Parishes of Arcacapampa and Muluncay Grande, Province of El Oro,
southern Ecuador. It is centered at Latitude 03º 36’ 30” South and
Longitude 79º40’ West. It covers an area
of 374 hectares.
... the development phase
...
1. Initially
through continuation of mine preparation and modernization with equipment
for proper mining excavation for the tonnage required for the production
plant(s). The Company intends to acquire 100 hectares for the new Central
Processing Plant for growth and tailing ponds to fulfill the required Environmental
Impact Studies for this future site. The Company will acquire new equipment
to bring the current plant to 150 tons per day at the Company’s Esperanza
location and acquire equipment for the new flotation plant that will begin
under construction during Phase 2.
2. In Phase
2, the Company intends to construct a new central flotation plant, with
clearing of land, preparation of utilities and pouring footers to begin
immediately. During concrete curing, the Company will begin tailing pond
preparation and equipment transportation to the site. The Company will
then begin on site assembly of tanks and crushing line assembly for installation.
The Company intends to apply equipment in order of placement and continue
through a test run of plant at 250 tons per day operation.
3. In Phase
3, the Company will continue the mine development and slashing process
to continue to create proper ore feed. The Company will develop holding
deposits for extracting ore for proper blending for the plant. After plant
runs at approximately 250 tons per day for 90 consecutive days, the Company
will begin the process to add additional equipment to raise production
to 500 tons per day. Ore volume per day will dictate the growth stages
(50 ton tanks can be added quickly) based on the mining progress for vein
quality.
Accessibility, Climate, Physiography, Local Resources, Infrastruture
and People
Access to the district from the coast is by a paved two lane road in
good condition. It is approximately a two hour drive from the coastal city
of Machala to the town of Portovelo, at the confluence of the Rio Amarillo
and Rio Calera. Access to these sites from Portovelo takes approximately
30 minutes. The climate is subtropical and humid with temperatures ranging
from 64 to 86 F. Yearly rainfall averages 52 inches, with heaviest rainfalls
occurring in the months from January to June. The population has extensive
experience in the recognition and mining of narrow vein high-grade gold
deposits, making them a valuable asset for future exploration, development
and production throughout the entire region.
Three main types of gold bearing veins are present in the district.
- 1) Quartz veins with disseminated pyrite, minor chlorite
as streaks, bands and patches,
- 2) Quartz veins with abundant pyrite and subordinate
chalcopyrite, galena and sphalerite occurring as bands, patches and coarse
disseminations,
3) Carbonate veins with coarse calcite and calcite-quartz
gangue occasionally with coarse galena, sphalerite and chlorite beside
ubiquitous pyrite.
aa aa
the
M a r i a
O l i v i a
project
The Maria Olivia concession lies in the northwest corner
of the Portovelo-Zaruma mining camp, which is found in the cantons of Ayapamba
and Paccha, Province of El Oro, southern Ecuador. It is centered at Latitude
03º 36’ 30” South and Longitude 79º40’ West. It covers an area
of 1,067.2 hectares.
Highlights
- Inferred Resource 600,000 ounces of
gold.
- Located in the historic gold producing
area of Portovelo, Ecuador
- High-grade gold, expected average grade
of 12 g/T
... the development phase
...
Spirit has signed a letter of intent to joint venture this project with
Franzosi S.A., an exploration company based in Quito, Ecuador. Maria Olivia
has similar geology, structures and mineralization as Muluncay. The project
is situated about 108 miles southeast and 37 miles east of the major Pacific
port cities of Guayaquil and Machala, respectively. It lies on the western
slope of the Andes Mountains, part of the Western Cordillera which runs
the length of the west coast of North and South America.
1. Initially
in Phase 1 through startup exploration, completion of an environmental
impact study, undertaking soil and water studies to begin with laboratory
results and engaging mining engineers to begin surface evaluations for
possible entry points of the main tunnel.
2. In Phase
2, the Company will put its drill program into place. This will including
(i) hiring a drill team with an approved North American Geologist to prepare
cores for booking and lab preparation; (ii) building a security shelter
for cores and equipment; (iii) moving equipment on site and beginning drilling;
(iv) preparing a model from drilling results of the ore body after the
first 16,000 feet have been drilled and sampled; (v) beginning calculation
of provable resources based upon early lab reports; (vi) starting a second
round of drilling (16,000 feet); (vii) using these results to assure mining
tonnage and grade for valuations and (viii) repeating the above based upon
distance, depth and width of findings.
3. In Phase
3, the Company will begin underground extraction (mining). The Company
will need to complete an environmental impact study for extraction. The
Company’s mining engineers will begin construction for the entry of the
main tunnel and its mechanical engineers will approve final drawings of
the flotation processing plant. Key paperwork will be completed include
approval of budgets, flow charts and objectives from financing to construction,
and setting production objectives.
4. In the
final Phase 4, the Company will begin construction of a 200 ton plant and
mining extraction. Included in this phase will be (i) setting footers for
400 ton per day Processing flotation plant; (ii) purchasing equipment to
set 200 ton per day in this Phase; (iii) developing a tailings pond for
five year production at 200 ton per day for a key impact study; (iv) providing
rail, water, air and electricity mine for extraction of a 200 ton per day
operation; (v) building a laboratory on site and (vi) setting a security
perimeter around the active plant and mine area.
Spirit's primary business
strategies at Maria Olivia are
Geological Setting of the Maria Olivia Concession
Bedrock underlying the Maria Olivia concession consists of Lower Cretaceous
age Celica Formation massive volcanic lavas of andesitic composition. No
detailed mapping has been carried out on these host rocks. Within these
host rocks, and on the western margin of an andesitic sub-volcanic intrusion
of the Portovelo Series, a series of parallel structures is grouped under
the name Cerro de Oro. To the west are a series of basalt flows of Mesozoic
age.
These local area structures encompass both those veins found within
the Maria Olivia concession, such as Tres Diablos, Bolivar and San Antonio,
as well as those immediately outside the concession boundaries but considered
to be part of the same Ayapamba area mineralizing system (e.g. La Sucre
Vein). This system of veins is the northwest continuation of the large
system of veins (e.g. Abundancia) which have been so vigorously mined in
the Zaruma-Portovelo area for the last 400 years.
Exploration - Current
Current exploration by Franzosi S.A. on behalf of the Company has thus
far involved a site visit by a consulting geologist engaged by Franzosi
S.A. to the general area of the Maria Olivia concession. The geologist
also made a visit underground at the Tres Diablos Mine (Tres Diablos Vein)
on June 30, 2006. A single sample of vein material was taken by the author
from that vein.
Spirit optioned properties include
The Kylee Concession, Fierro Urco I, Fierro Urco II and Campo de Oro.
The Kylee Concession
We have also acquired the Kylee Concession subject to a mortgage. This
project contains at least one major vein of 1 metre width, and is suggested
to be 2.3 kilometres long, trending from northeast to southwest, width
of vein suggests strength, continuity and depth. Our current workings are
on a vein exposed along Quebrada Zuro of Rio San Francisco, which lies
northeast of the major river, Rio Jubones. There are possible parallel
veins in Quebrada Cuchicorral, which appears to be a gully trending northwest
where another vein may exist. The area has not been explored for parallel
structures which may host similar mineralization. Our proposed exploration
program would consist of stream sediment sampling of all creeks in the
concession, where accessible, at approximately 100 meter separation along
each creek.
Fierro Urco I and II
We have an option to acquire the Fierro Urco I and II Projects (both
subject to existing mortgages). The Company’s strategic land package, Fierro
Urco II, is comprised of 11 concessions totaling 13,503 hectares (approximately
28,000 acres) inside the Regional Mining District of Loja. This land package
is north of Loja, Ecuador and just west of the Aurelian Resources, Inc.(TSX)
Fruta Del Norte Gold-Silver Deposit, which recently reported an inferred
resource of 13.7 million oz. of gold equivalent. In addition to the Fierro
Urco II project, we have a purchase agreement to acquire the Fierro Urco
I project. This is a very strategic package and is on the same geological
trend as the Fierro Urco II project.
There have been numerous exploration programs carried out on this property
under the auspices of the British Geological Commission, the United Nations
and Geología del Ecuador. Our geological team in Ecuador has conducted
an extensive document search and review of previous work in this very strategic
area in Southern Ecuador. The 11 mining concessions we have obtained options
for in this package presented 134 areas of interest to our experts. This
project will be fully evaluated with a preliminary exploration program
already initiated with soil sampling. The program will include detailed
mapping, prospecting, stream sediment sampling, and chip and channel sampling
to confirm the previous exploration data. We intend to very aggressively
define each phase of our exploration results based on these lab tests and
intend to move quickly into a drill program.
Campo De Oro
Campo De Oro is an exploration land package in the south-east sector
of the Oro Province of Ecuador, just south of the gold camp area of Portovelo.
During early exploration, our geological team has discovered a 6 meter
wide exposed quartz vein on the surface. Sampling has been done and forwarded
to third party lab in Peru for analysis.
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photo courtesy of Sveriges Riksbank
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Recent News for Spirit Exploration |
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Press
Release Source: Spirit Exploration, Inc.
Friday
February 8, 12:06 pm ET
Spirit Exploration
retains leading investor relations firm
BAKERSFIELD,
CA, Feb. 8 /PRNewswire-FirstCall/ - Spirit Exploration, Inc. ("Spirit Exploration"
or the "Company"), (SPXP.PK) today announced that it has retained the Equicom Group ("Equicom") to provide
the Company with strategic investor relations and financial communications
services.
Equicom
provides strategic communications services to more than 100 public companies
across a diverse range of industries. Under the terms of the agreement,
Spirit Exploration will pay Equicom a monthly retainer fee of $7,500 for
professional services. The initial contract term is 12 months. Neither
Equicom nor any of its principals has an ownership interest, directly or
indirectly, in Spirit Exploration or its securities, and Spirit Exploration
has not granted Equicom or its principals any right to acquire such an
interest. Equicom is a wholly owned subsidiary of TSX Group Inc. More
Press Release Source:
Spirit Exploration, Inc.
Thursday January
17, 9:29 am ET
Spirit Exploration, Inc. Hires
New President
BAKERSFIELD, CALIFORNIA--(MARKET
WIRE)--Jan 17, 2008 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) Mr. Terry R. Fields, Chief Executive Officer of Sprit Exploration, announced
today that Thomas J. Cunningham has joined the company as President effective
January 15, 2008. Mr. Cunningham has over thirty years experience in natural
resource exploration and development. His experience with publicly traded
companies, the Securities Exchange Commission and the American Stock Exchange
will be very valuable as the company moves forward with possible listings
on the AMEX and/or other stock exchanges. More
Press Release Source:
Spirit Exploration, Inc.
Wednesday December
12, 6:04 pm ET
Spirit Exploration, Inc. Finalizes
Documentation on $20 Million Notes
and Has Been Advised That the Notes
Are Oversold
VICTORIA, BRITISH
COLUMBIA--(MARKET WIRE)--Dec 12, 2007 -- Spirit Exploration, Inc. (Other
OTC:SPXP.PK - News) - Spirit is pleased to announce that with the filing of its audits and
the 10-SB registration statement with the Securities Exchange Commission,
it has completed the extensive documentation required by Quote Platform
Syndicate Inc. on its $20 Million in Asset Backed Notes. Quote Platform
Syndicate Inc. has further advised us that the notes have been oversubscribed.
We will be advised of the oversold amount within the next week. This additional
funding will allow Spirit to implement its aggressive business strategy
for 2008. More
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Management at Spirit Exploration |
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Spirit Exploration’s diverse
and experienced management team has a proven track record within the mining
industry. With decades of experience and a history of success the company
is well positioned to prosper led by its
impressive management team. Spirit Exploration is committed to conducting
business ethically, legally, and in a manner
that is fiscally, environmentally, and socially responsible, while maximizing
shareholder value.
Terry Fields - Director and CEO
Mr. Fields graduated from UCLA
(BS, 1965) and obtained his Doctorate of Law degree from Loyola University
School of Law (1969). He has over 30 years experience as a practicing attorney
in California. He is presently an inactive member in good standing of the
California State Bar since 2000. Mr. Fields has extensive knowledge of
corporate business and finance matters, both international and domestic,
having lived in Europe from 1995 to 1999. He has been involved in the resource
area since 1987 when he became President of High Desert Mineral Resources
(HDMR, BB) until it was sold to Royal Gold Corp in 2001. He was also President
of Apogee Minerals (APE, TSX) from 1993 to 2004 and Yankee Hat Minerals
(KHT, TSX) from August 2006 until August 2007. Presently, Mr. Fields is
President of First Pursuit Ventures (FPV, TSX) since 2002 and Meadow Bay
Capital Corp (MAY.P, TSX) since April 2005. He is still a Director of Yankee
Hat Minerals and is a Director of Advanced I.D. Corp (AIDO, BB) since 2004.
Thomas Cunningham - President
Previous to joining Spirit Exploration,
Thomas was Vice President of Tri Valley Corporation and Chief Administrative
Officer responsible for accounting, finance and human resources. Prior
to that he was the Chief Financial Officer reporting directly to the President.
Tri-Valley is an AMEX listed company with several subsidiaries; Tri-Valley
Oil & Gas which is an oil and gas exploration company with activities
in California and Nevada, another subsidiary is Select Resources which
is a mining exploration company with gold mining claims in Alaska. From
1987 until 1997 he was a self-employed management consultant in finance,
marketing and human resources. Prior to that he was the Executive Vice
President and Chief Financial Officer with Star Resources an oil and gas
exploration and production company.
Peter Laipnieks - Director
Mr. Laipnieks graduated from Wilfred
Laurier in 1979 (Hon. BA) and received an MA degree from University of
Alberta in 1985. He has over 25 years professional experience as a consultant,
senior manager and as President of a public company. From April, 2003 until
October, 2005, Mr. Laipnieks was President, Acting Chief Financial Officer
and Director of NetMeasure Technologies, Inc. (NMTH, BB). NetMeasure merged
with Sorell Inc. (SLLI, PINK), a Korean company in the business of manufacturing,
research and development and sales of consumer electronics. He was President
of Alliance Corporate Services from 1998 to 2004 and helped raise over
$40 million for various clients. He also provided corporate development
services to public and private companies, including strategic advice in
the areas of financing and public offerings. Mr. Laipnieks was previously
Director of Investor Relations for JCI Technologies, a public Canadian
high technology company. Mr. Laipnieks spent ten years as a senior manager
in the public service, where he was an Executive Director with 120 employees.
Duncan Bain - Consultant - Independent
Geological Consultant
Mr. Bain graduated from The University
of Western Ontario in 1977, with a Bachelor of Science Degree in Geology.
He is currently a doctoral candidate at the University of Western Ontario,
working to complete a Ph.D. Geology in Mineral Deposits, with a thesis
involving work on the Shakespeare Cu-Ni-PGE deposit, in the Sudbury area,
Ontario, Canada. Mr. Bain has been an experienced Exploration and Mining
Geologist since 1975. He meets the requirements of an independent ‘Qualified
Person’ (QP) under National Instrument 43-101 and has submitted numerous
technical reports to securities commissions. He has worked on several major
exploration projects around the world. His recent activities have involved
examination of gold and base metal properties in Central and South America.
.
Allen Beaton - Mining Operations
Mr. Beaton has 35 years of professional
mining experience in both big and small mine operations, contracting, consulting,
and with public companies.
A senior Mining Engineer with vast
experience underground operations including seven years as mine manager
of Erickson Gold Mine.
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Financial Highlights For SPXP |
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Primary SIC Code: 1000, Metal
Mining
SPXP
Recent Trade: 2.00 (02/11/08)
52wk Range: 1.15 - 3.60
Avg Vol (3m): 22,612
Market Cap. $122 million (approx)
Transparency and Governance
One of the great strengths of SPXP
is the Company's responsibility and respect of its shareholders.
While most Pink Sheet companies
have obscured financial records and post no filings anywhere,
Spirit Exploration keeps its corporate
operations and accounting records: Open.
Below you will find the latest filings PDF documents to download and
view.
For the latest links and information about Spirit Exploration, including Updated
Filings please visit Pinksheets.com.
or simply click on the links below. The information is in PDF form
and if you need the latest free version of Adobe Reader
for PDF files from the Adobe site, just click on the logo below.
SPXP FILINGS
Interim
Financial Report
Spirit Exploration Audited Consolidated Financial Statements 12-31-06
and 9-30-07.
Attorney
Letter with Respect to Current Information
Spirit Exploration, Inc. Attorney Letter with Respect to Adequate Current
Information.
Semi-Annual
Report
Spirit Exploration Information and Disclosure Statement pursuant to
Rule 15c2-11.
Interim
Financial Report
Consolidated Financial Statements at September 30, 2007 and December
31, 2007
Interim
Financial Report
Spirit Exploration, Inc. Notes to Financial Statements September 30,
2007
For the latest trading information on SPXP from the Pink Sheets Web
site, just click the logo below.
SPXP
Counsel:
Cutler Law Group
3206
West Wimbledon Dr
Augusta,
GA 30909
(706)
737-6600
(706)
738-1966 fax
rcutler@cutlerlaw.com |
Accountant
or Auditor
Gruber
& Company LLC
400
Lake St. Louis Blvd
Lake
St. Louis, Missouri 63367
Steve
Corso
Scorso2@comcast.net
(310)
488-7019 |
Transfer
Online, Inc.
317
SW Alder Street - 2nd Floor
Portland,
OR 97204
Phone:
503-227-2950
Fax:
503-227-6874
www.transferonline.com |
Factors such as precious
and base metal commodity prices, government regulation, interest rates,
share price movements of the Company’s peer companies and competitors,
as well as overall market movements, may have a significant impact on the
market price of the Company’s securities.
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 |
TO CONTACT SPIRIT EXPLORATION (PK: SPXP) |
 |
Spirit Exploration, Inc.
118 Howe Street - Victoria, BC V8V 4K4 Canada
Phone: 250-384-2077 - Fax: 250-384-2076
Corporate Web site: http://www.spirit-exploration.com
E-mail: Peter@spirit-exploration.com
Investor Relations contact:
Goal Capital LLC
29773 Niguel Road #A, Laguna Niguel, CA 92677
Attn: Danny Gravelle
Phone: 949-481-5396 - Fax: 949-481-5396
Gravelle247@yahoo.com
Corporate Offices:
Tom Cunningham, President
7305 Calle Sagrada, Bakersfield, CA 93309
Direct: 661-345-1125 - Fax: 661-835-3593
E-mail: tom@spirit-exploration.com
The Company also maintains an office through its subsidiary,
Mineras ECUADORGOLDCORP S.A. in Machala, Ecuador
at Circunvalacion Norte #511, Y12 AVA, Machala, Ecuador.
The Machala office consists of a two story building of approximately 4,000
sq. ft.
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