COSTA RICA - On June 29, 2004, GLENCAIRN GOLD of Toronto poured its first gold bar from its Bellavista mine. Since mining began in April, 2005, approximately 200,000 tonnes of ore has been stacked on leach pads. Gold contained in ore on the pads and in leach solution currently stands at approximately 10,000 oz. Production at Bellavista is expected to ramp up to its design rate of 60,000 oz of gold annually before year end.
The Bellavista mine is located in the Montes de Oro region of Costa Rica, approximately 120 km west of the capital of San Jose and near the town of Miramar. Located within an industrial free-trade zone, the property is accessed by paved road and is located close to the main power grid, the country's leading container port, and a major fuel supply terminal and a concrete plant.
Glencairn also owns and operates the Limon mine in Nicaragua which produced 48,000 oz. in 2004 and is expected to match that production in 2005. Congratulations to company president Kerry Knoll, who is a former editor of CMJ, and the entire team.
To find out more visit www.GlencairnGold.com.
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