When did Glamis buy Mar West?
1995 and ’96 were spent prospecting Honduras. At the end of 1996, we were drilling at San Martin and began to understand we were on to something good. In 1997, we drilled off the deposit, simultaneously expanding Mar West into the neighboring countries El Salvador and Guatemala, continuing with the hot spring focus. Towards the end of 1997, we made the Cerro Blanco discovery, which we began drilling in 1998. In November of 1998, we received an offer from Glamis to purchase all of the shares of Mar West and the shareholders decided to cash in and take a tidy profit. One of the provisions of the sale of Mar West to Glamis was that my team and I were excluded from exploring in Honduras and Guatemala for a certain period. So, we moved to Mexico, where we started a new company, Radius Explorations Ltd. We were able to JV a property to Barrick (which didn’t become a mine), and once the exclusion period was over in 1999, we moved back to where we really wanted to be: Central America. Specific
