MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks

Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report its trades because it owns more than 10% of the company, bought 576,700 shares at 69-88 cents to hold 17.3 million shares.

Other insider trading reported in the Ontario Securities Commission’s OSC Bulletin include the following:

* Aber Resources (ABZ-T) — D.G. Thomas, director, through 563100 B.C. Ltd., sold 30,000 shares at $13 to hold 550,000 shares through the company and 157,231 shares directly.

* Aurcana (AUC-A) — R.K. Netolitzky, director, bought 650,000 shares and 650,000 warrants privately at 15 cents to hold 3.35 million shares and 2 million warrants.

* B.Y.G. Natural Resources (BYG-T) — A.G. Thompson, director, sold 100,500 shares at 21 cents to hold 962,333 shares directly, 1.67 million shares indirectly, and 200,000 shares through his spouse.

* Comaplex Resources (CMF-T) — Comstate Resources, owner of more than 10% of the company, bought 8,200 shares at $1.75 to hold 14.24 million shares.

* Etruscan Resources (EET-T) — Roberston Stephens Investment Management, owner of more than 10% of the company, sold 22,000 shares at US$2.45-2.60 to hold 5.84 million shares.

* Glamis Gold (GLG-T) — C.F. Millar, director, bought 20,900 shares at US$3.44-3.88 to hold 386,500 shares.

* Golden Knight Resources (GRK-T) — R.A. Quartermain, director, bought 62,000 shares at 85 cents-$1.25 to hold 235,000 shares.

* Lyndex Explorations (LYDX-C) — D.R. Bell, director, sold 180,000 shares at 12-14 cents to hold 442,700 shares.

* Metalore Resources (MET-T) — G.W. Chilian, an owner of more than 10% of the shares, bought 3,700 shares at $8.00-8.95 through Southern Ontario Natural Gas to hold 242,858 shares through Southern Ontario, 50,000 shares in trust for children, and 307,650 shares directly.

* Mustang Gold (MUST-C) — R.E. Dunbar, director, through 1222989 Ontario Ltd., exercised 58,500 options at 25 cents and sold 58,500 shares at 27-31 cents to hold 670,000 shares. K.J. Lapierre, director, exercised 96,250 options at 25 cents and sold 96,250 shares at 31-32 cents to hold 670,000 shares.

* NAR Resources (NRL-M) — S.G. Hawkins, director, bought 8,300 shares at $3.75-4 and sold 5,000 shares at $4.15-4.90 to hold 583,588 shares. L.J. Taylor, director, bought 10,800 shares at $4.10-4.35 to hold 443,600 shares.

* Novicourt (NOV-T) — Jean Depatie, director, sold 14,000 shares at $4.40 to hold 1,000 shares.

* Pan American Silver (PAA-T) — John Wright, director, exercised 12,500 options at 26 cents and sold 16,000 shares at $12.12-12.45 to hold 79,710 shares and 297,500 options.

* Rio Algom (ROM-T) — J.D. Wallace, director, bought 5,150 shares (150 through an acquisition plan) at $21.50-26.90, to hold 10,150 shares.

* Tandem Resources (TDM-M) — S.G. Hawkins, director, bought 99,000 shares at 33-42 cents and sold 10,000 shares at 45 cents to hold 3.13 million shares.

* Western Copper Holdings (WTC-T) — Lee Bilheimer, director, exercised 15,000 options at $1.50 and sold 15,000 shares at $9-9.80 to hold no shares and no options.