INSIDER TRADING — Bre-X Minerals insiders cash in stock options

Directors and senior officers of Bre-X Minerals (BXM-T) were among the mining executives who reported trades to the Ontario Securities Commission during the past month.

Vice-president T.S. McAnulty sold 34,700 shares at $28.25-28.40 and exercised 50,000 options at $8.25 to hold 330,000 shares directly and 175,000 through a registered retirement savings plan, plus 250,000 options in an RRSP. Also, Treasurer J.B. Thorpe sold 60,700 shares at $24-25.15 to hold 139,300 shares, and senior vice-president and director John Felderhof exercised 1.2 million options and sold 778,600 shares to hold 4 million shares and 6.9 million options.

Other insider trades reported in the first half of October include the following:

* Aber Resources (ABZ-T) — J.H. Parker, director, sold 5,000 shares at $20.60-20.75 to hold 30,000 shares. J.F. Bradley, senior officer, exercised 10,000 options at $7.87 and sold 10,000 shares at $21.70 to hold 10,000 options and no shares; and J.C. Ethans, director, exercised 113,099 options at $2.25-7.87 and sold 113,099 shares at $22 to hold 45,834 shares and 100,000 options.

* Adrian Resources (ADL-T) — The company acquired 307,200 of its own shares on the market at $3.25-4.30 to hold 1.5 million shares.

* American Gem (GEM-T) — G.J. Last, director, sold 317,700 shares at $1.88 to hold 261,300 shares.

* Armada Gold (AAU.A-T) — Neil Salsich III, director, sold 81,600 shares at US$1.45-1.61 to hold 115,800 shares directly and 4.7 million through Q8 Ltd.

* Black Swan Gold Mines (BSW-T) — E.A. Lemieux, director, sold 30,000 shares at $1.27-1.29 and received 200,000 options to hold 109,800 shares and 575,000 options.

* Central Asia Goldfields (CGZ-M) — M.P. Beck, director, sold 3,286 shares at $4-4.40 to hold no shares; A.T. Griffis, director, bought 119,500 shares at $4-4.50 and sold 116,613 shares at $4-4.20 to hold 210,225 shares.

* Chesbar Resources (CBI-M) — Peter Mordaunt, senior officer, exercised 70,000 options at 29-35 cents and sold 70,000 shares at $2.20-2.31 to hold no shares.

* Coral Gold (CLH-V) — Louis Wolfin, director, sold 53,000 shares at $3.95-4.95 to hold 1.1 million shares. Also, Gerald Gales, director, received 50,000 options and exercised 225,000 at 41-96 cents, received 100,000 warrants and exercised 100,000 at 41 cents, sold 175,000 shares privately at 41 cents-$1.34, and sold 43,000 shares at $1.04-6.15 to hold 25,000 shares, no options and no warrants.

* Dayak Goldfields (DAYK-C) — M.P. Beck, director, through Librion Group, bought 30,000 shares at $1.70 to hold 162,500 shares. International Pursuit sold 30,500 shares at $1.75-1.95 to hold 3.3 million shares.

* Goldcorp (G.A-T) — R.R. McEwen, director, exercised 220,000 options at $1.20 and sold 220,000 shares at $12.15-13.30 to hold 75,600 shares.

* Goldstake Explorations (GXP-T) — N.S. Tsimidis, senior officer, exercised 25,000 options at $1.05 and sold 9,000 shares at $1.05-2.52 to hold 16,000 shares.

* International Curator Resources (IC-T) — M.D. McInnis, director, sold 28,000 shares at $12.15-16.50 to hold 186,800 shares. R.J. Bailes, senior officer, sold 8,000 shares at $14.50-15.50 to hold 86,000 shares.

* Jordex Resources (JDX-T) — J.P Fairchild, senior officer, exercised 60,000 options at 85 cents and sold 60,000 shares at $2.61 to hold no shares and 100,000 options.

* Laramide Resources (LAM-T) — M.H. Bailey, director of an affiliate, sold 30,500 shares at $1.39-1.60 to hold 19,500 shares. Christian von Hessert, director, bought 29,400 shares at $1.35-1.45 to hold 1.4 million shares.

* Muscocho Explorations (MUS-T) — S.S. Brunelle, director, sold 47,000 shares at 39-40 cents to hold 694 shares.

* Noront Resources (NOT-V) — Uldis Abolins, director, sold 30,000 shares at 73 cents-$1.00 to hold 135,000.

* Northfield Minerals (NFM-T) — T.G. Larsen, director, bought 2,500 shares at $1.88 and sold 57,900 at $1.65-2.08 to hold 315,333 shares.

* SouthernEra Resources (SUF-T) — L.R. Hepburn, director, received and exercised 150,000 options at $1.60 and sold 150,000 shares at $9.75 to hold 21,142 shares and 250,000 options. Oliver Lennox-King, director, exercised 150,000 options at $1.60 and sold 150,000 shares at $9.75 to hold 26,000 shares, and his spouse received and exercised 150,000 options at $1.60 to hold 321,000 shares and 250,000 options. A.L. Barker, director, sold 150,000 shares at $9.65, exercised 1,499 warrants at $3.65, and received 150,000 options exercisable at $9.90 to hold 259,498 shares, 259,498 options and no warrants.

* Tiomin Resources (TIO-T) — Oliver Lennox-King, director, sold 63,900 shares at $4.14-4.90 to hold 528,100 shares.