INSIDER TRADING (June 08, 1992)

The president of Aur Resources (TSE), Jim Gill, recently moved into the market to buy up a block of shares just above the 52-week low of $1.93. According to the Ontario Securities Commission OSC Bulletin, Gill bought 10,000 shares in April for $2 to hold 1.3 million.

In addition to developing a major new copper mine near Val d’Or, Que., Aur is known to be looking for diamonds in the Northwest Territories where a major staking rush has followed the discovery by Dia Met Minerals (VSE) and BHP-Utah Mines. Shares of Aur peaked this year at $3.80.

Other mining insiders who were active in the stock market recently include: American Barrick Resources (TSE) Senior Vice-President Paul Kavanagh sold 7,000 shares for $27.50-30 to hold 53,000.

Arimathaea Resources (TSE) officer Charles McAlpine sold 8,000 shares for $2.90 to hold 253,337.

Black Cliff Mines (TSE) President Niyazi Kacira exercised an option on 140,000 shares at 16 cents. He sold 70,000 privately for the same price to hold 1.6 million.

Borealis Exploration (ASE) director Chana Cox exercised on 50,000 shares at $2.50 to hold 147,943. Chairman Rodney Cox bought 3,000 shares for $2.50 and sold the same number for $3.30. He also exercised an option on 154,000 shares at $2.50 to hold 267,641. Director Wayne Marshall bought 20,000 shares for $2.50 to hold 62,928.

Fort Knox Gold Resources (TSE) officer Wayne Whymark sold 25,500 shares for $1.03-1.18. He also exercised on 30,500 shares at 22 cents.

Freewest Resources (TSE) President Mackenzie Watson bought 5,500 shares for $2.45-2.50 to hold 890,668.

TVX Gold (TSE) director Nigel Lees sold 2,833 shares for $3.30 to hold 123,834.

Windarra Minerals (TSE) Vice-President Donald Fraser bought 99,000 shares for 45-59 cents and sold 10,000 for 35 cents indirectly to hold 843,500 indirectly through Euro Investment Corp.