Jun 28, 2012 — Vancouver, B.C., June 28th, 2012 – BIG NORTH GRAPHITE CORP. CA:NRT 0.00% (the “Company†or “Big Northâ€) announced today that it has commenced field work on its Grand Lac du Nord Graphite property, located approximately 140 kilometers northwest of Sept-Iles, Quebec. The company recently received the permit for the construction of a temporary exploration camp. The installation of the camp will take approximately 10-12 days and will be followed by Phase 1 exploration.
The Phase 1 work program will consist of prospecting, mapping and sampling, and confirmation of SOQUEM’s 2000 and 2001 ground work results. The work program will be completed by the end July, 2012 and will be performed by Consul-Teck Exploration Inc of Val d’Or, QC.
This work will be followed by a Phase 2 program, consisting of a minimum planned 3000 meters of diamond drilling. Drilling will commence as soon as all of the results of Phase 1 and necessary permits are received. The objective of the planned drilling campaign is to provide a NI43-101 resource calculation by the end of fall of 2012.
Grand Lac du Nord Property:
The Grand Lac du Nord Property (the “Propertyâ€) consists of one contiguous claim block totaling approximately 2,009 hectares (20.09 km) located approximately 140 kilometers northwest of Sept-Iles, Quebec. The property is accessible via paved and logging roads.
The Property was previously explored by SOQUEM, Inc. following up on airborne electromagnetic (EM) anomalies. Ground work in 2000 and 2001 identified a high grade sillimanite formation. The presence of graphite over the property was also noted visually but not given any focus at the time.
The Property contains a graphitic paragneiss formation approximately 8 kilometres in length by 1 to 2 km wide. The formation is composed of quartz, graphite, biotite and sulphides. The sulphides are in veinlets or disseminated in the paragneiss while the graphite is in disseminated flakes. A second formation parallel with the above consists of a sillimanite paragneiss band, also 8 km in length with a width of about 1 to 2 km. This horizon composed of quartzfeldspars, sillimanite, graphite, biotite, garnet and cordierite. The formation is intercalated with bands of quartzite.
The exploration target is a crystalline flake graphite deposit similar to other graphite deposits and mines in Quebec such as Focus Metals Inc.’s CA:FMS -1.41% Lac Knife Deposit and Timcal Graphite and Carbon’s Lac des Iles Mine.
Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, independent of Big North, and an Optionor of the Property, has reviewed and approved the technical content of this release.
For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
“Spiro Kletasâ€
Spiro Kletas
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
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