MZI Resources Ltd (ASX:MZI) is pleased to announce the appointment of well-regarded and experienced resources industry senior executive Mr Martin Purvis as Managing Director and Chief Executive Officer of MZI Resources. His appointment follows a comprehensive Australian and international executive search. Mr Purvis will commence in the role effective 1 July 2017.
Alto Metals Ltd (ASX:AME) is pleased to report analytical results from the remaining 10 holes of its maiden 25 hole slimline reverse circulation/aircore program drilled along the Musketeer - Indomitable Shear Zone, and 4 RC holes drilled north of Lord Nelson and Lord Henry to test Induced Polarisation anomalies.
Alto Metals Ltd (ASX:AME) Directors present their report on Alto Metals Limited ("Alto" or "Company") and its controlled entities ("Group") for the financial year ended 30 June 2016.
Alto Metals Limited (ASX:AME) is pleased to advise that the Shareholder Purchase Plan announced on 16 June 2016 has closed fully subscribed. The Company received valid applications from eligible shareholders for 28,660,960 new shares raising $1,698,000, and all shareholders will receive the full number of shares that were applied for.
Alto Metals (ASX:AME) has completed the acquisition of the Sandstone Gold Project. Under the Sandstone Sale and Purchase Agreement, Alto paid the vendors a deposit of $100,000, and was required to pay a further $400,000 and issue 19 million fully paid Alto shares and 25 million performance shares to the two Sandstone shareholders upon grant of the Exploration Licences and Prospecting Licences.
Company Defining Acquisition by Enterprise Uranium Ltd (ASX:ENU) to Acquire Majority of Sandstone Goldfield
Enterprise Uranium Limited (ASX:ENU) is pleased to advise that it has entered into a share sale and purchase agreement to acquire all of the issued capital of Sandstone Exploration. Sandstone's only asset, the Sandstone Gold Project, is located approximately 600km northeast of Perth in Western Australia.
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
Southern Cross Goldfields Ltd (ASX:SXG) ("SXG" or "the Company") announced the start of a program to rationalise its portfolio of assets with the aim of prioritising its capital. The rationalisation encompasses ceasing involvement in various earn-in agreements as well as seeking expressions of interest for certain non-core assets. PCF Capital Group has been mandated to coordinate the process of soliciting expressions of interest.
The US market fell into mood swings and closed in the red last week. On Friday, the disappointing sales by BlackBerry maker Research In Motion dragged the technology companies lower. For the week, the Dow index lost 155 points, or 1.58 per cent. This week the market will be tested by crucial data including September non-farm payrolls, final second-quarter gross domestic product and several other big economic reports.
Troy Resources (ASX: TRY) Announce High Grade Results From Drilling at Gutain Davaa Project in Mongolia
Troy Resources NL's (ASX: TRY) Mongolian subsidiary, Troy Mongolia Alt Resources ("TMAR"), has completed a 12 hole (1,482m) diamond core drill program to test the Toordogiin Shil Zone at Gutain Davaa. This third phase of drilling was completed during September and October 2007.