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SPIRIT EXPLORATION INC (SPXP)

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Last Post: 9/16/2020 3:30:01 PM - Followers: 9 - Board type: Free - Posts Today: 0

About Spirit Exploration, Inc.: Spirit Exploration, Inc., a Nevada Corporation, is an early production mining company. Through its subsidiary ECUADORGOLDCORP, S.A., of which we own 99%, we are in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have additional options to acquire, a diverse range of mineral production and exploration properties in Ecuador. Mineral Exploration and Development in Ecuador One of the world’s most exciting mineral resource countries. Spirit Exploration is a newly formed company whose mission is to identify and acquire lucrative mineral resource properties and mines in Ecuador. SPXP is the largest exploration landholder in Ecuador, with recent acquisitions and options to acquire 21 mineral production and exploration properties totaling more than 100,000 hectares! 100,000 hectares is a metric measurement of land that is the equivalent of nearly 250,000 acres of mineral production and exploration properties!!! Now here's where SPXP is different than most exploration companies.....they are already pulling gold out of the ground! In fact, gold production is already underway at one of SPXP's sites at a pace that's projected to produce about $90,000 a week. Do the math and you'll quickly see that $90,000 a week equals $4,680,000 a year, and that's if production rates stop where they are! The company plans to use this gold-generated cash flow to quickly upgrade all their mines and milling operations in order to produce 600 tons of high-grade ore per day (TPD). But as has been made clear by now, nearly everyone expects the price of gold to rise significantly from current levels. (and it has already started!!!) !!!!!!!!!!RECENT NEWS!!!!!!!!!! Press Release Source: Spirit Exploration, Inc. Spirit Exploration, Inc. Reports the Union Carbide Findings of 6,300,000 Tons of Measured and Indicated Ore Reserves at the Emerson Tungsten Mine in Nevada Thursday March 6, 12:44 pm ET BAKERSFIELD, CALIFORNIA--(MARKET WIRE)--Mar 6, 2008 -- On February 20, 2008 Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) announced that it has signed an agreement to purchase the Emerson Tungsten Mine near Rachel, Nevada from Nevada Minerals, Inc. As part of the due diligence process, Spirit has reviewed all the old reports and findings from Union Carbide, the owner of the property when the mine was in production. The most important of these reports was the original Scope Engineering Design Memorandum that detailed the ore reserves, mine design and the process engineering that ultimately led Union Carbide to construct the Emerson Mine and Concentrator at an estimated cost of $25 million. The mill started processing ore at a rate of 1000 tons per day in September 1977. At that time tungsten prices were rising steadily reaching levels of around $155 to $165 per STU by 1981 with occasional short peak to $195 per STU. In August 1981 the world tungsten market suffered a shock. China, with the world's largest tungsten reserves, entered the world market as a major low cost producer. There was also a recession in 1980-1981 and a general reduction in mining and oil drilling, both of which use tungsten carbide tipped drill bits. Furthermore, the US government decided to sell tungsten concentrates and compounds from the Strategic Stockpile. Within weeks the price fell to $100 per STU and within a few months to $32 per STU. After a review of mining costs and market conditions in 1982 the project was placed on "care and maintenance" and the work force was reduced to cover only site security, environmental monitoring, maintenance and related activities. Nevada Minerals acquired the property in August 2004. ---------------------------------------------------------------- Contacts: Goal Capital LLC Dan Gravelle IR Contact 1-877-887-2118 Email: danny@spirit-exloration.com Website: http://www.spirit-exploration.com [b]________________________________________________________________ Spirit Exploration, Inc. Acquires 28,000 Acres in Fierro Urco Concessions in the Enormously Productive Loja Province, Ecuador Friday October 26, 2:53 pm ET MACHALA, ECUADOR--(MARKET WIRE)--Oct 26, 2007 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News) through its wholly owned subsidiary, ECUADORGOLDCORP S.A., is pleased to announce it has acquired a strategic land package, Fierro Urco II, which 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. Fruta Del Norte Gold-Silver Deposit, which recently reported an inferred resource of 13.7 million oz. of gold equivalent. ADVERTISEMENT 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 obtained in this package presented 134 areas 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. Spirit will be very aggressively defining each phase of our exploration results based on these lab tests and will move quickly into a drill program. Peter Laipnieks, President of Spirit, stated, "We are extremely excited about this land package as it is in the heart of the Loja epithermal zone. This area has produced incredible early results. These early findings continue to show that management has taken the right steps for the shareholders and the proper positioning of Spirit right in the heart of this gold rich environment during this rapidly accelerating gold market." We are also pleased to announce that we are in final negotiations with several joint venture partners that are offering to invest in several of Spirit's properties in order to bring them into production. We hope to announce the finalization of one or more of these Joint ventures within the near future. Contact: Contact: Peter Laipnieks President 1 250 384-2077 Goal Capital LLC Dan Gravelle 1-877-887-2118 Email: danny@spirit-exploration.com Website: www.spirit-exploration.com ____________________________________________________________________________________ Support & Resistance Levels--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=23271231 Drawing Trendlines--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=23271606 "Areas" to Take Profit--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22322961 High Probability Trade Set Up--->http://www.investorshub.com/boards/read_msg.asp?message_id=17945858 5 Day Rule--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=23509801 Positive Divergences--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21992088 Trendline Break + 50% Hold--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21962829 "The Pincher"---> http://investorshub.advfn.com/boards/read_msg.asp?message_id=22560213 Da Tarheel Method by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22183690 Lesson in Buying by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22196127
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#105   Yes I agree WHITTENHALLJR 09/16/20 03:30:01 PM
#104   patience here should pay off on anything that $on_myMind 09/16/20 01:55:17 PM
#103   Snagged a few 7s $SPXP WHITTENHALLJR 09/11/20 05:45:23 PM
#102   What are you seeing? Tia WHITTENHALLJR 09/09/20 02:55:21 PM
#101   new things coming soon imo $on_myMind 09/09/20 01:28:56 PM
#100   Who knows? konantroutman 03/23/11 01:39:03 AM
#99   is this stock worth buying?? shareholder1968 03/16/11 03:15:36 PM
#98   What is the story here? konantroutman 01/08/11 02:39:03 PM
#97   down ta~.OOO8???LOL!!!!..;-)***what go wannn here???? BIG BALLER 11/17/10 11:52:43 AM
#96   kiwi, I got nothing on them. I stocktrader1 09/15/09 12:09:07 AM
#95   Stocktrader - SPXP (0.04) mentioned in Threw-er-back post kiwisteve 09/14/09 06:23:13 PM
#94   Anyone here still holding on? If so, stocktrader1 08/25/08 10:49:41 AM
#93   are we ever going to turn around this thing?!? sidesh0wb0b 05/02/08 06:25:26 AM
#92   Spirit Exploration, Inc. Comments on Recent Political Developments sidesh0wb0b 04/29/08 07:14:42 PM
#91   yeay! another flat day sidesh0wb0b 04/17/08 06:21:00 PM
#90   not sure! lol sidesh0wb0b 03/21/08 02:13:21 PM
#89   Anyone Out There Whos Actually Buying/Selling? ebase22 03/21/08 10:53:52 AM
#88   Press Release Source: Spirit Exploration, Inc. sidesh0wb0b 03/15/08 03:07:41 PM
#87   when i created this board......oh i think back sidesh0wb0b 03/06/08 06:36:22 AM
#86   Well my original thought was that they just ebase22 03/06/08 12:41:56 AM
#85   i can actually agree with all of that sidesh0wb0b 03/05/08 04:07:37 PM
#84   Anyones's thoughts? ebase22 03/05/08 03:56:09 PM
#83   vol died right out here..... sidesh0wb0b 03/04/08 05:12:34 PM
#82   looks like sideways trading here until shorts go away........... sidesh0wb0b 02/29/08 06:31:49 AM
#81   Anyone Who Owns SPXP... How Have You Determinged ebase22 02/27/08 11:36:58 AM
#80   http://www.alacrastore.com/company-snapshot/Spirit_Exploration_Inc-2104521 Tavycal 02/25/08 09:30:01 PM
#79   The property in the PR is the Rachel nufced 02/25/08 09:28:52 PM
#78   absolutely. i would hope they check very deep. Tavycal 02/25/08 09:24:45 PM
#77   Hey Tavy, I won't belabor the negatives, but nufced 02/25/08 09:12:03 PM
#76   OH boy the same crew from CMKX lol Tavycal 02/25/08 09:07:57 PM
#75   Careful who they deal with - John Edgar nufced 02/25/08 08:55:55 PM
#74   ty for that ebase! so much going on sidesh0wb0b 02/25/08 06:48:31 PM
#73   Spirit Aquires Tungsten Mine in Nevada ebase22 02/22/08 09:44:01 AM
#72   man what a beating this thing has taken. sidesh0wb0b 02/20/08 08:26:59 PM
#71   SPXP looks like a tuesday morning rally!!!! roger wilco 02/19/08 10:15:55 AM
#70   i agree, major short action all of a sidesh0wb0b 02/13/08 08:31:56 AM
#69   I think there is a short going on dmc284 02/12/08 10:39:40 AM
#68   SPXP.PK is “One to Watch” QualityStocks 02/11/08 08:40:42 PM
#67   yea, it's been up for a while, needs stockpsychic 02/11/08 01:28:21 PM
#66   this is just a little profit taking, I stock king 02/11/08 12:38:16 PM
#65   well, looks like a little pullback here to stockpsychic 02/11/08 11:15:16 AM
#64   Spirit Exploration, Inc. Updates Shareholders on Recent Events aheadofthebulls 02/11/08 11:02:46 AM
#63   Time to bounce! Todays dip does not discourage kneehighstocks25 02/11/08 10:56:14 AM
#62   Looking for a move over $2.50 next and TradeForProfits 02/11/08 12:24:25 AM
#61   hey wally, glad you stopped by! sidesh0wb0b 02/08/08 06:37:36 AM
#60   check that out!..Indeed! IamtheWalrus 02/08/08 02:05:47 AM
#59   you are right, infact it has been taking off! sidesh0wb0b 02/07/08 05:28:50 PM
#58   SPXP is shaping up to take off! Where kneehighstocks25 02/07/08 04:33:51 PM
#57   spxp seems destined to penny land......i pray for sidesh0wb0b 01/30/08 06:40:36 AM
#56   unfortunately SPXP seems to want to continue its slide..... sidesh0wb0b 01/18/08 06:47:40 AM
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