INSIDER TRADING — Wharf director sells shares

A director of Wharf Resources (TSE), Richard Brissenden, cut his material ties to the heap-leach gold miner in September when he sold 15,000 shares at $5.37-6.25 to hold none.

Wharf recently purchased a 60% interest in the Golden Reward mine, which lies next to its own heap-leach operation in South Dakota. Golden Reward is expected to yield 62,000 oz. gold next year, boosting the company’s 1993 production to more than 130,000 oz.

Other transactions completed recently include:

Audrey Resources (TSE) — Michel Bouchard, executive vice-president, sold 242,139 privately at 65 cents to hold none.

Cheni Gold Mines (TSE) — Gatro Canada, holder of more than 10%, bought 3.2 million at 32.5 cents to hold 3.2 million.

Citadel Gold Mines (TSE) — Bernard Sherman, officer and director, sold 250,000 at 6 cents to hold 1.8 million.

Consolidated Professor Mines (TSE) — Conwest Exploration, holder of more than 10%, bought 829,949 privately at 19 cents to hold 4.8 million. Equinox Resources (TSE) — William Charlton, director, sold 10,000 at $2.50-2.60 to hold 9,000 directly and 5,000 indirectly.

Fairfield Minerals (TSE) — Nanisivik Mines, holder of more than 10%, sold 196,000 at 48 cents to hold none directly and 2.25 million indirectly. Garden Lake Resources (VSE) — Donald Rankin, president, sold 475,000 at 8-26 cents and bought 200,000 privately at 23 cents to hold 114,501 directly and 25,000 indirectly.

Goldbelt Resources (VSE) — Peter Steen, director, bought 50,000 at 76 cents to hold 50,000.

Golden Star Resources (TSE) — Jean-Pierre Lefebvre, director, sold 15,000 at $4.10-5.75 to hold 108,375 directly and 181,100 in RRSPs.

Great Lakes Minerals (TSE) — John McBride, chairman, bought 3,000 on the market at 53 cents and 296,296 privately at 27 cents to hold just over one million.

Jonpol Explorations (TSE) — John Pollock, president, bought 75,000 at 15-16 cents to hold 193,500 directly, 623,593 indirectly and 200,000 in an RRSP. Pure Gold Resources (TSE) — Bruce McDonald, director, sold 206,000 for 14.5-16 cents to hold none.

White Star Copper Mines (CDN) — Virginia Hall, director, bought 10,000 in August at an undisclosed price and sold 10,000 in September at $1.50 to hold none.