MGX Minerals to Provide Engineering Support to Electra Gold

MGX Minerals Inc. (CSE:XMG) signed a technical services agreement with Electra Gold Ltd. (TSXV:ELT). MGX will provide engineering support to Electra’s Apple Bay Alumina-Silica Quarry mining operation near Port Hardy on Vancouver Island. MGX benefits from this services agreement by revenue and its equity stake in Electra.

As quoted in the press release:

As part of the Company’s strategic alliance with Electra and Zimtu Capital Corp. (TSX.V: ZC) (see press release dated December 1, 2014), MGX will provide its quarry mining operations experience to Electra with the objective of increasing efficiency and growing production at Apple Bay. The scope of work to be provided by a MGX Senior Engineer includes:

• Critical analysis of original mine plan
• Verification of previous geologic mapping and drill assay data
• Review of mine layout and operational logistics
• Recommendations for improvement to production plan

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