Spirit Exploration, Inc. (SPXP.PK) is "One to Watch"
Spirit Exploration, Inc. signed a letter of intent to joint venture a project with Franzosi S.A., an exploration company based in Quito, Ecuador. The project is called Maria Olivia, and the company has planned a four phase outline in order to extract minerals from the mine. Phase 1 commences startup exploration, Phase 2 the company will put its drill program into place, Phase 3 the company will begin underground extraction (mining), and in the final Phase 4, the company will begin construction of a 200 ton plant and mining extraction. The other project that the company is currently working on…