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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

Post by FELIX51on Feb 27, 2018 11:10pm
107 Views
Post# 27633727

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no problemlife is Beautiful

Au Consolidated Inc. (“AU”) , Arizona
 
 
In the last quarter of 2017, the treatment plant ran into various issues and after detailed inspections it was determined that the cause of these problems were related to a misalignment of its base. Work to rectify the problem will be completed once the operations are ready to be restarted. All on-site activities were postponed until the joint-venture between Val d’Or Resources Corporation (“VRC”) and the financing group is completed, scheduled for early 2018. The creation of this new entity named Rocmec Gold Inc. is expected to significantly expand Nippon’s reach within Canada and other key markets. Per the joint venture agreement, the Company will contribute certain assets and resources, while VRC will contribute 16 million CDN dollars in cash based on a predetermined schedule, which at term will allow VRC to acquire a 49% interest in the joint venture. The Company expects to receive the first influx of funds from VRC during the next quarter.
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