December 13, 2011 Electra Gold Ltd. has entered into a non-binding letter of intent with MillenMin Ventures Inc., whereby MillenMin can earn up to 70% of Electra’s 100% owned undivided interest in the Suquash coal property situated on Vancouver Island, British Columbia of Canada.
May 24, 2011 Electra Gold reported that the final acquisition of the Suquash Coal Deposit, located in British Columbia, Canada, has been completed.
November 2, 2009 Electra Gold reported that a NI 43-101 compliant report has been received on its Suquash coal project in Canada. Coal has been worked from locations within and adjacent to the Suquash coal property at various times in the past 160 years. Most of the workings have been underground, via the shaft of Suquash Colliery, whose workings extended out beneath Queen Charlotte Strait as well as into onshore areas. From the results of float-sink testing, it is concluded that it may be feasible to scalp off a low- ash, lowsulphur, moderate-BTU clean coal at a low separating density, and that much of the unwanted sulphur from the raw coal will report to the middlings density fractions. It is thus considered that raw coal from the No.2 coal bed could be washed for a modest yield of low-ash and low sulphur coal for thermalpower markets.