About Us

Our Business

Spirit Exploration, Inc. (an exploration stage company) (the “Company”), through its 99% owned subsidiary ECUADORGOLDCORP, S.A. (“Ecuadorgold”), 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.

Mineral Exploration and Development in Ecuador

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.

Why Ecuador?

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.

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.

Spirit Exploration’s Strategies

1. To acquire existing mines and processing facilities that can be upgraded inexpensively and produce significant cash flow quickly.
2. To establish strong in country ties and partnerships to get an inside track on new acquisitions; we have local “agents” working on our behalf in all the gold camps accumulating the best land packages.
3. To structure acquisitions to minimize upfront cash payments thereby maximizing exploration funds; we have negotiated favorable acquisition terms that allow us to preserve cash and fully test our optioned properties.
4. 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 us to advance these properties with little of our own capital while still participating in the upside.
5. To build strong local relations and take advantage of local knowledge and cost effective local mining and administrative talent.