Primorus buys more Greatland shares following recent drilling results

Primorus Investments advised shareholders on Thursday that, as per its investment mandate, it now owned a total of 35 million shares in AIM-listed metals exploration company Greatland Gold, representing 1.09% of the issued capital in Greatland at a weighted average price of 1.71p per share.

FTSE AIM All-Share

739.00

16:54 01/11/24

n/a

Greatland Gold

6.25p

16:55 01/11/24

-2.34%

-0.15p

Media

12,766.19

17:14 01/11/24

1.56%

196.41

Mining

12,024.98

17:14 01/11/24

-0.13%

-15.42

Primorus Investments

3.70p

16:55 01/11/24

-7.04%

-0.28p

The AIM-traded investment firm noted that 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.

Those reports came from Greatland’s 100%-owned Havieron Gold and Copper project in the Paterson Province region of Western Australia.

The assay results for the further 4 drill holes - HAD 006 to HAD009 - in the recently-completed drill programme were currently pending.

Previously-announced drilling by Greatland at Havieron also yielded “excellent” results, Primous said, including 121m at 2.93g/t gold and 0.23% copper from 497m on HAD001, and 21m at 3.79g/t gold 0.44% copper from 418m on HAD003.

“We have added to our position in advance of the further assay results for the drill holes HAD006 through to HAD009,” said Primorus Investments executive director Alastair Clayton.

“We hope these results will confirm Havieron Gold and 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.”