Primorus Investments PLC Further Investment in Greatland Gold PLC (6780M)
10 Enero 2019 - 1:00AM
UK Regulatory
TIDMPRIM
RNS Number : 6780M
Primorus Investments PLC
10 January 2019
Primorus Investments plc
("Primorus" or the "Company")
Further Investment in Greatland Gold PLC
Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to
advise shareholders that, as per its investment mandate, it now
owns a total of 35m shares in AIM-listed metals exploration company
Greatland Gold PLC ("Greatland"; (GGP.L) representing approximately
1.09% of the issued capital in Greatland at a weighted average
price of 1.71p per share.
Greatland recently reported an excellent combined drilling
intercept of 275m at 4.77g/t gold and 0.61% copper, including an
upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a
lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m
(HAD005) at its 100%-owned Havieron Gold/Copper project in the
Paterson Province region of Western Australia.
The assay results for the further 4 drill holes (HAD 006-HAD009)
in the recently completed drill programme are currently
pending.
Previously announced drilling by Greatland at Havieron also
yielded excellent results, including 121m at 2.93g/t gold and 0.23%
copper from 497m (HAD001) and 21m at 3.79g/t gold 0.44% copper from
418m (HAD003).
Alastair Clayton, Executive Director commented: "We have added
to our position in advance of the further assay results for the
drill holes HAD006 through to HAD009. We hope these results will
confirm Havieron Gold/Copper Project in the Paterson Province of
Western Australia as one of the most significant Gold discoveries
made by any company globally in recent memory."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Primorus Investments plc: +44 (0) 20 7440 0640
Alastair Clayton
Nominated Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Sandy Jamieson
Broker: +44 (0) 20 3621 4120
Turner & Pope Investments
Andy Thacker
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END
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