Primorous Investments increases holding in GGP to...

Primorous Investments increases holding in GGP to 1%...announcement just out in London.

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."