RCCMF - G.E.T.T. Gold inc. signs an agreement with Mark van Schaik and The Maraik Trust to acquire enhanced Intellectual Property for its Thermal Mining Method
(TheNewswire)
Brossard (Quebec) – TheNewswire - January 18, 2022 - G.E.T.T Gold Inc.(“G.E.T.T Gold”) (TSXV:GETT), (OTC:RCCMF), G.E.T.TGold is extremely pleased to announce that it has signed an agreementwith Mark van Schaik (‘ MvS ’) and The Maraik Trust (‘ MT ’) to acquireenhanced Intellectual Property for its Thermal Mining Method.
MvS founded and managed the maXem group of companies.Under agreements, maXem in South Africa has been involved in theoperation of the Thermal Mining Method and then in the manufacturingof related thermal equipment. Through its implementation and usageof the Thermal Mining Method in South Africa, MvS/MT gained anabundant amount of insight, data and information. Over the pastseveral years MT has conducted extensive research, mathematicalmodelling, designs including physical testingthat led to the development of additional IP related to the equipmentneeded to operate the Thermal Mining Method. This equipment isessential and will improve the success of the Thermal Mining Method
The enhanced Intellectual Property includes but is notlimited to:
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Lance designs built and tested;
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Combustion Chamber and Nozzle options tested;
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Thermal Control System options built and testedincluding a fully automatic PLC version;
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Ignitor Boxes and Ignitors built and tested;
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Test Bench equipment built and tested;
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Multiple methods of testing the spalability of rockbuilt and tested.
In consideration of an amount US$357,000, G.E.T.T Goldwill acquire the Intellectual Property and all related equipment. Aninitial payment will made upon the signing of the agreement and theremaining balance on a payment schedule over the next 18months.
As Technical Director, Mark will assume a leading rolein the commercialisation, implementation, strategic planning andpositioning of the company’s exclusive and patented thermalfragmentation mining method within the mining sector. ‘Mark isprobably the most experienced, knowledgeable and qualified person withregards to the technology and I am excited to have him join ourteam.’ stated Fabien Miller, G.E.T.T. Gold’s President andCEO.
Mark was trained and qualified in South Africa with aNation Higher Diploma in Mechanical Engineering in 1992 and has builta career spanning almost 30 years in the Engineering and UndergroundHard Rock Mining Industries. Mark spent time working for some of thebest-known OEM suppliers like Atlas Copco and Sandvik Mining, and thenultimately founded and managed the maXem group of companies . maXem specialised in long-hole drilling equipment design,manufacture and support, also, distributor representation for a numberof international OEM’s such as Nippon Dragon Resources, CMAC,Wassara, and Montabert, and also providing full contract miningsolutions. One highlight of Mark’s career was establishing andsupporting the Thermal Mining Method in South Africa and hands onoperation of this method for a period of about 2 years. During thistime, extensive experience was obtained that allowed for equipment andoperating processes to be dramatically improved. Mark’s passion isfor developing and implementing technical innovations into completebusiness solutions and hopes to be able to use his experience tocompliment and assist G.E.T.T Gold in taking their business to newachievements.
About G.E.T.T Gold
G.E.T.T Gold is active in the exploration and thedevelopment of gold resources in Quebec. G.E.T.T Gold also has anexclusive license for the Thermal Fragmentation mining method.
The company’s growth strategy is based on:
• The development of its gold deposit with theobjective of producing revenue from its operations;
• Increasing the value of its mining asset byprioritizing its exploration targets; and
• The commercialization and deployment of its thermalfragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@gettgold.com
Fabien Miller, President & CEO (450) 510-4442 fmiller@gettgold.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. This press releaseincludes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other thanstatements of historical facts, that address future explorationdrilling, exploration and production activities and events ordevelopments that the Corporation expects, are forward lookingstatements. Although the Corporation believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inforward-looking statements. Factors that could cause actual results todiffer materially from those in forward looking statements includemarket prices, exploitation and exploration successes, continuedavailability of capital and financing, and general economic, market orbusiness conditions.
G.E.T.T Gold inc. 7055 TaschereauBlvd., suite 500, Brossard (Québec) J4Z 1A7
Tel: (450)510-4442 www.gettgold.com
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