- GETT Gold (TSXV:GETT), a junior gold miner and service provider active in Quebec, revealed that its mining equipment suffered significant damage after a fire at a third-party storage facility northwest of Quebec City
- When and if operations will resume remain open questions
- GETT is a gold exploration and development company active in Quebec focused on commercializing its exclusive license for the thermal fragmentation mining method
- GETT Gold stock has given back 97 per cent year-over-year
GETT Gold (TSXV:GETT), a junior gold miner and service provider active in Quebec, revealed that its mining equipment suffered significant damage after a fire at a third-party storage facility northwest of Quebec City.
The company is cooperating with an ongoing police investigation as it assesses damages with help from its insurers, having been left with no option but to suspend mining operations.
When and if operations will resume remain open questions contingent on the capital required to mend or replace the equipment. Investors can expect an update in the near future.
GETT holds an exclusive license to the thermal fragmentation mining method, which uses thermal energy to expand the diameter of drill holes by way of micro-stress fractures, reducing cost and improving safety, efficiency and grade compared with legacy methods, and offering a pathway for uneconomical mines across the world to be brought back into production.
About GETT Gold
GETT is a gold exploration and development company active in Quebec focused on commercializing its exclusive license for the thermal fragmentation mining method.
GETT Gold stock (TSXV:GETT) last traded at C$0.03 per share. The stock has given back 97 per cent year-over-year.
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(Top photo of GETT Gold’s thermal fragmentation mining technology at work: GETT Gold)