The Quet occurrence is located on the south side of North Sloquet Creek, 15 kilometres west-southwest of the north end of Harrison Lake.

The first record of exploration at the Quet occurrence area was in 1944 by Cominco prospectors panning for gold on Simpson Creek. A gold source was found in gossanous cliffs above the creek. In 1979, Cominco restaked the area as the Slo claims and completed soil and rock sampling on Sloquet and Simpson creeks. This lead to the discovery of a galena-sphalerite showing. The claims lapsed in 1986. In 1986, Adrian Resources Ltd. and Danbus Resources Ltd. held the ground as the Frontier and Gem claims, respectively. Rock and soil geochemical sampling and geological mapping were completed. In 1987, the Quet 1 and 2 claims were staked and optioned to Aranlee Resources Ltd., who staked the Quet 3 and 4 claims. Additional property exploration in 1988 lead to the discovery of the Dan showing, south of the North Sloquet Creek. In 1989, new gold-silver zones were discovered on the ridge between the North and South Sloquet creeks, including the 350 East, 650 East, 900 East and 1500 East showings. Noranda Exploration Co. Ltd. examined the property in 1989 and optioned the property from Aranlee Resources Ltd. in 1990. A comprehensive exploration program was carried out by Noranda Exploration Co. Ltd. and was followed up by a second phase which included 1251.9 metres of diamond drilling in 7 holes to test targets along the Southridge zone.

Regionally, the Lower Cretaceous Fire Lake Group rocks underlie the Quet occurrence. The Fire Lake Group consists of a volcano- sedimentary sequence deposited in an island arc setting. The main lithological units are the Peninsula Formation and the Brokenback Hill Formation. The Peninsula Formation is a fining upward sedimentary sequence deposited in a fluvial to marine shelf environment. The overlying Brokenback Hill Formation is a complex volcanic sequence of subaqueous autoclastic and epiclastic rocks that are mainly intermediate in composition. Two phases of thrusting related to Late Cretaceous oblique convergence and Tertiary dextral and normal dip-slip faulting have formed regional and local structural features. Metamorphism up to greenschist grade has occurred in Gambier Group rocks.

Mineralization occurs in outcrops over 1 kilometre strike length and is exposed over a vertical extent of approximately 100 metres. The mineralization is hosted in a stratabound zone of intensely silicified rhyolitic tuffs. Potassium feldspar (orthoclase) alteration and silicification are present. Other rock types consist of dacitic to andesitic lapilli tuffs and minor conglomerate of the Peninsula Formation. The tuffs are intruded, to the south, by migmatite of the Pemberton Diorite Complex and cut by late stage north-northwest trending faults. The intrusion consists of unaltered, fine to medium grained, equigranular biotite-hornblende diorite. All rock types have been cut by late andesite dikes and sills.

Mineralization consists of sphalerite, galena and chalcopyrite occurring as disseminations in the tuff and in an extensive quartz vein stockwork. A chip sample, taken across 1 metre, assayed 3.39 grams per tonne gold, 442.3 grams per tonne silver, 17.2 per cent lead and 9.7 per cent zinc (Property File - Schroeter, T. (1990)). A sample taken across a 1 metre thick bed of cherty rhyolite tuff assayed 1.788 per cent zinc, 0.354 per cent lead and 0.412 per cent copper (Assessment Report 9775, page 3).

Drilling on the Southridge zone in 1990 tested combined geological, geophysical and geochemical anomalies. Sphalerite- galena-rich quartz veinlet and flooded zones were identified as the source of soil and rock gold and silver geochemical values (Assessment Report 20983). The mineralized zones are hosted in highly silicified felsic and intermediate lapilli tuffs. The best gold intersection was from drillhole NQ90-2 which yielded an average of 0.84 gram per tonne gold over 57.7 metres. The highest values of other elements from separate samples were 5.06 per cent zinc (over 1.5 metres), 0.92 per cent lead (1.5 metres) and 131 grams per tonne silver (1.5 metres) (Assessment Report 20983).

In 1997, Mount Hope Resources Corp. expanded its drilling program to approximately 1950 metres in eleven holes, to test the down-dip extension of a zone of gold-silver-base metal mineralization in quartz veins and stockworks in steep structures within pyritic, stratabound felsic volcanics of the Gambier Group. Mineralized andesite dikes, in the main crosscutting structures were shown to be syn to postmineral in age. They are locally intensely altered to biotite and chlorite and are also bleached, silicified and veined. One hole assayed 1.3 grams per tonne gold and 42.26 grams per tonne silver over 34.96 metres and another assayed 0.9 gram per tonne gold and 16.22 grams per tonne silver over 24.83 metres (Exploration in BC 1997, page 63). The company feels that the system has the potential to develop into a large, low-grade bulk-mineable deposit. Drilling also showed that the mineralized siliceous pyritic tuff is underlain by an intensely potassically altered, 'nodular' biotitic andesite tuff unit. Weak molybdenite mineralization was encountered. This may indicate an intrusion at depth.

In 2010 Everton Resources Inc. conducted a small geochemical and geological program.

Electra Gold Ltd. optioned the Hotspring property from Everton Resources Inc. in 2012, began referring to it as the Golden Ridge property and re-assayed the 1990 drillcore samples. Late in 2012, Electra Gold Ltd. entered a 70-30 joint venture with Auracle Resources Ltd., with Auracle obtaining 70 per cent interest.

In 2013, Electra Gold Ltd. reported positive metallurgical test results in which 48-hour cyanidation achieved gold recoveries of 94.6 per cent.