I don’t think it has anything to with Glencairn burying geologic findings from the government. The Nicaraguan’s geologic database records provide the government the knowledge of what lies in the Central American Gold Belt. El Libertad is a “world class” deposit. http://tin.er.usgs.gov/mrds/show-mrds-new.php?dep_id=10229974 The Nicaraguans, Glencairn’s management and industry insiders fully comprehend this. My interest level is high on Glencairn, not only because of the new people leading the company, but because of the untapped gold unearthed in Nicaragua.  The 1980 civil strife in El Salvador, Honduras and Nicaragua has kept the geologic region in a virginal state. Simon Ridgeway, CEO and president of Radius Gold--another highly regarded name in the mining industry--once told me, “Nicaragua is the mother lode of the Central American Gold Belt, but the market has yet to discover this”. I am confident Dr. Bill Pearson, Glencairn’s new VP of exploration, will prove Mr. Ridgeway’s claim to be correct in the near future.

The issue regarding the release of the scoping study is one that deals with Canadian securities laws. Glencairn is not permitted to release the results until it is NI 43-101 compliant. The scoping study completed on El Libertad is not NI-43-101 compliant. The feasibility study was originally worked on with AMEC. Due to the workload AMEC has undertaken in 2007 from other mining companies, AMEC reported to Glencairn there would be a delay on the feasibility study. In the summer RPA was brought in to finish AMEC’s work to date.

Glencairn’s management set out in January 07 to negotiate a multi-million dollar deal to purchase Barrick’s mill; this is indirectly our answer to El Libertad’s future. At that time, we were not the only mining firm interested in buying the mill.