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GETT Gold Inc V.GETT

Alternate Symbol(s):  RCCMF

G.E.T.T Gold Inc. is a Canada-based company engaged in the exploration and the development of gold resources in Quebec. The Company also has an exclusive license for the Thermal Fragmentation mining method. The Company holds one mining property, named Courville. The Company’s project, Courville-Maruska, is situated in Courville Township, approximately 30 kilometers north-east of Val-d’Or. It has a total area of about 6.02 square kilometers and comprises 14 CL and one designated claim. The Company uses thermal fragmentation technology as a mining method, which extracts narrow vein deposits. It is focused on the development and widespread implementation of a patented thermal fragmentation mining method. The Company offers services to extract ore and/or making openings in the rock.


TSXV:GETT - Post by User

Bullboard Posts
Comment by anon3on Jan 27, 2010 6:56am
190 Views
Post# 16722651

RE: Questions

RE: QuestionsWhen will the prefeasibility report on Rocmec1 be completed and released?

Vaudreuil-Dorion,Québec, September 30th, 2009 – Rocmec Mining Inc. (the “Company”)(TSX-V: RMI) is pleased to announce that it hasentered into an option agreement with a group of Quebec based investorsenabling them to acquire a 49% interest of its Rocmec 1 gold propertyfor an amount of $6,000,000 CAN payable in cash. The option shall bestructuredas a participating loan with the right to convert the loan into a 49%equityownership in the property. The agreement stipulates that Rocmec willprepare apre-feasibility study, once completed; the investors will have 180 daysfollowing reception of the report to exercise their option.

 

In order to complete the pre-feasibility report andnew resource calculation, Rocmec will proceed with a diamond drill campaign onits Rocmec 1 gold property located in Rouyn-Noranda, Quebec.

 

This diamond drill campaign is a continuation of the very successful diamond drillprogramme conducted during 2008 and will focus on targeting the McDowell, Talus and Boucher structures atdepth. SGS Géostat ltée ofBlainville (Quebec) has been mandated to plan the diamond drill programme andalso prepare a pre-feasibility study that will include a new mineral resourcecalculation. Management expects to receive the reports before year-end.



What is the status of the current drill program at Rocmec1?

audreuil-Dorion (Quebec), November 25th, 2009- – RocmecMining inc. (the “Company”) (TSX-V Symbol:RMI - FSE Symbol: D5O), ispleasedto announce that it has acquired 99 additional mining claims fromDasserat Resources Inc. The mining claims are adjacent to the 11 miningclaims currentlyowned by Rocmec, on which it’s Rocmec 1 gold property is located. Theseacquisitions increase the total surface area of the Rocmec 1 goldproperty from 83 hectares to 3,454 hectares. A large number of thenewly acquired miningclaims have the same orientation whether in continuity or at depth withknowngold structures at Rocmec 1. The fact of significantly increasing thesize ofthe property also increases the chances of discovering new mineralisedstructures.

 

In order to complete the transactionRocmec will issue 12 million common shares and cash payments totalling $500,000as follows; $50,000 at closing, $25,000 on both November 30th andDecember 31st, 2009, $25,000 on March 31st, 2010, $50,000on June 30th, 2010, $25,000 on September 30th, 2010 andthe remaining balance of $300,000 on November 15th, 2010.Additionally, Rocmec will pay a 2% NSR royalty on ounces produced from theacquired mining claims and the royalty is redeemable on demand for an amount of2 million dollars.

 

Inorder to unlock the full potential of the Rocmec 1 gold property,management in collaboration with SGS Geostat Ltee have initiated anexplorationprogramme that includes diamond drilling, mapping and a revision of alltheavailable documentation pertaining to the newly acquired miningclaims. Tocomplete part of the work, Rocmec announces a private placement of7,923,426flow-through shares at a price of
.105 per flow-through share and983,333
flow-through unitsof the Company, at a purchase price of
,12 per
FTUnit. Each FT Unit beingcomprised of one flow-through common share of the Company and one-half of onenon-flow-through common share purchase warrant, each whole common sharepurchase warrant of the Company is exercisable into one common share of theCompany at a price of
.15 per common share for a period of 24 months from thedate of the issue of the FT Units.
The total subscription amount is $949,960. The private placement is subject to final TSX VentureExchange acceptance for filing. All securities issued are subject to afour-month hold period from the closing date expiring on March 25th,2010.

 

“Theacquisition of these additionalmining claims will without a doubt have a positive impact on theprefeasibilitystudy currently being prepared for our Rocmec 1 gold property” statedMr. Donald Brisebois, President and CEO of Rocmec Mining Inc.

The acquisition of the above mentionedmining claims is subject to the approval of the regulatory bodies havingjurisdiction over the shares of Rocmec and also the TSX-Venture Exchange.

 

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