INSIDER TRADING (February 10, 1992)

A couple of key insiders at Fort Knox Gold Resources (TSE) recently altered their holdings in the Toronto-based company.

According to the Ontario Securities Commission OSC Bulletin, Inco which owns about 41% of Fort Knox, bought 129,705 shares privately for 80 cents and exercised 129,705 warrants at $1 to hold 2.1 million. At about the same time director Alvin Storey sold 10,000 shares for $1 to hold 20,000. Fort Knox was trading recently at $1.22 in a range of $3.30 and 11 cents. Other mining insiders who were active in the stock market recently include: American Barrick Resources (TSE) officer Randall Oliphant exercised an option on 10,000 shares at $15.06 which he then sold for $31.50 to hold 100 shares and 30,000 options.

Athabaska Gold Resources (TSE) director Edward Kennedy bought 700,000 shares privately for 25 cents and sold 414,000 at the same price to hold 768,478. President James Kermeen exercised on 190,000 shares at 15 cents. He also sold 260,000 for 25 cents to hold 1.1 million.

Aurizon Mines (TSE) director Frank Lang bought 100,000 shares for 20-28 cents to hold 1.2 million directly and 489,758 indirectly.

Bema Gold (TSE) director Richard Barclay sold 25,000 shares privately for $1.50 to hold 84,818 directly and 524,686 indirectly.

Societe Miniere Louvem (TSE) officer Alain Taillefer exercised on 13,000 shares at $2.52-2.90 and sold the same number for $2.95-3.15. Timmins Nickel (TSE) Chairman Charles Howard bought 70,000 shares privately for 70 cents to hold 492,000. President Stephen McIntyre also bought 150,000 for 70 cents and sold 170,000 for 65 cents to hold 85,500 directly and 703,000 indirectly.