The mining of gold and silver has never been an easy or cheap road to hoe. But if a company can brave the whims of nature, governments and the capital markets there is gold in “them thar hills.”
Spirit Exploration Inc., an exploration stage mining company, is currently working to obtain short term capital. Initial short term funding will be used to move the company forward on 2,100 hectares of historically profitable gold and silver mining concessions in place. The company is also currently working on paperwork to raise $20 million of asset backed capital for ongoing and future development projects involving potential concessions of over 80,000 hectares. Current concessions, and potential future concessions, are located in the potentially rich gold and silver regions of Ecuador.
At present the company has rights to 2,100 hectares of mining property in a promising region of the country. Infrastructure is somewhat in place with more needed. Underground mining techniques point to a labor and equipment intensive mining program aimed at recovering a potentially large find.
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