Thursday May 15, 08:50 AM
UK smallcap opening - Tower Resources advances on upbeat update
LONDON (Thomson Financial) - Tower Resources (LSE: TRP.L - news) took top-spot among small-cap gainers, advancing 0.50 of a penny to 3.625
on the back of an upbeat update on the company's exploration activities in Namibia and Uganda.
Also making progress, shares in Persian Gold (LSE: PNG.L - news) , the Republic of Ireland based Iranian gold explorer, edged up 1 to 11 following news the Chah-e-Zard gold discovery is advancing to pre-feasibility stage.
Still on the exploration front, Karelian Diamond moved up 0.25 to 5.375 after the company revealed that two drill holes at its diamondiferous Seitapera kimberlite pipe in Eastern Finland have found mantle-bearing kimberlite.
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