Glencairn Gold Corporation (Glencairn), incorporated on April 22, 1987, is a gold mining company that is also engaged in the exploration, development, extraction, processing and reclamation. The Company's business also includes acquisition of gold properties in operation or in the development stage. The Company owns the Limon Mine in Nicaragua and the Bellavista Mine in Costa Rica. The Bellavista Mine achieved commercial production in December 2005. The Company also owns the Keystone Mine, a depleted property in Canada, which is under reclamation. On March 31, 2005, the Company sold the Vogel Project to Lake Shore Gold Corp. On December 31, 2005, the Company sold certain mining leases and claims at the Keystone Mine to AMPX Corporation. Bellavista Gold Mine Commercial production at the Bellavista Mine was achieved in December 2005 with the mine producing 4,257 ounces of gold during that month. Construction at the Bellavista Mine commenced in December 2003, and mining operations commenced in March 2005. The Bellavista property is located 70 kilometers west northwest of the city of San Jose. The Bellavista property mineral rights comprise one exploitation concession under application for extension covering a contiguous area totaling 40 square kilometers. Glencairn subsidiaries own the surface rights to 28 land parcels totaling 627.3 hectares. The Bellavista property is located within the Costa Rican Gold Belt. In the Bellavista property area, low-sulphidation, epithermal gold mineralization occurs in veins and stock works in fractured and/or faulted and propylitically altered volcanic rocks of the Tilaran Formation. In the deposit area, the Tilaran Formation comprises a lower unit, the Miramar Formation, consisting of andesite/basaltic flows and lesser tuffs, and an upper unit, the La Union Breccia, which consists of pyroclastic breccias. Most of the mineralization occurs in the La Union Breccia unit, which was more conducive to broad fracturing, allowing for the introduction of hydrothermal fluids. The Bellavista property is a low-sulphidation epithermal gold vein deposit. These deposits form on predominately felsic subaerial volcanic complexes in extensional and strike-slip structural regimes. Near-surface hydrothermal systems, including surface hot springs and deeper hydrothermal fluid-flow zones are the sites of mineralization. Gold mineralization occurs along the Liz fault and the fractured and broken hanging wall volcanics east of the fault, where more prominent structural zones are characterized by quartz-adularia veining, between which occurs variable stock work veining. The area of mineralization is approximately 850 meters by 300 meters. Exploration of the Bellavista deposit includes exploration drilling by Rayrock Yellowknife Resources Inc., consisting of 221 reverse circulation (RC) holes and three core holes. Wheaton River Minerals Ltd. drilled an additional 12 underground core holes in the northern extension of the deposit. Project drilling has been augmented by the results of the bulk sampling from two levels in the deposit, located at the 705 and 650-meter elevation. At December 31, 2005, the proven and probable reserves at the Bellavista Mine totaled 459,900 contained ounces of gold. Limon Gold Mine Glencairn holds an indirect 95% interest in Triton Minera S.A. (TMSA), which owns and operates the Limon gold mine concession and owns eight other mineral concessions, all at the exploration stage, including the La India concession, which features a previously producing operation. The Limon property consists of the 12,000-hectare Mina El Limon mineral concession that has a term of 25 years expiring in January 2027. During the year ended December 31, 2005, exploration at Limon consisted of target definition, drill testing of existing targets and a search for near-surface sources of mill feed. Activities included mapping, prospecting, trenching, sampling and approximately 14,000 meters of diamond drilling. Most drilling was conducted within and adjacent to the Talavera underground operations

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• [05/23/2025 11:08 PDT] Glencairn Gold Corporation (NYSE:GLE), Up By 100% ($1.88) From $1.88 After BUYINS.NET Report Predicted Stock Would Go Up Due To Bullish Conditions
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• [04/22/2025 07:26 PDT] GLE Expected to Trade Up After Bullish Patterns Develop
• [04/10/2025 07:37 PDT] GLE Expected to Trade Up After Bullish Patterns Develop
• [04/09/2025 07:19 PDT] GLE Expected to Trade Up After Bullish Patterns Develop
• [03/31/2025 07:47 PDT] GLE Expected to Trade Up After Bullish Patterns Develop
• [03/27/2025 16:11 PDT] Glencairn Gold Corporation (NYSE:GLE), Up By 100% ($1.85) From $1.85 After BUYINS.NET Report Predicted Stock Would Go Up Due To Bullish Conditions