Feb 12, 2013 — Vancouver, B.C., February 12, 2013 – BIG NORTH GRAPHITE CORP. CA:NRT +18.75% (the “Company” or “Big North”), announced today the sample results from the Nuevo San Pedro Property, the Company’s principal property within its Mexican Graphite Project. The samples were taken in preparation for the re-starting of the Nuevo San Pedro Mine and included a sample of 66.98% graphite. An announcement on the re-start of the Nuevo San Pedro Mine will be made once final preparations are concluded.
The samples were taken during the due diligence property visit by R. Tim Henneberry, P.Geo., Big North’s independent QP. Three grab rock samples were taken. A grab sample from an active sub-drift face returned 66.98% graphite. A grab sample of the coarse fraction from a surface stockpile returned 40.23% graphite and a grab sample of the fine fraction from the same surface stockpile returned 49.48% graphite.
In November of 2012, the Company reported that Phase One of the development of the Nuevo San Pedro mine had been completed, including the delivery of heavy equipment and repair and construction of haul ways and existing access roads to the mine site were completed. Site prep and clearing at the mine site along with enlargement of stockpiling areas allowing for immediate sorting and shipping of mined graphite. The underground workings have been cleared and stabilized for safety and will allow for mining to begin immediately. Two new drills and support equipment and a compressor have been delivered and ready for use. Electric generator power and a cable winch have been installed for extracting graphite from the lower levels. The Company has obtained approval and permits for the use of explosives and the first holes were drilled and ready to blast.
The Nuevo San Pedro Mine is located in the San Jose de Moradillas region, a region that has produced graphite for more than 100 years. San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico. The Nuevo San Pedro amorphous graphite mine previously produced graphite until 2002.
The samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver, British Columbia, an ISO 9001 certified lab. Acme employed the Group 2A-09 by Leco procedure where graphite carbon is determined by pre-igniting a prepared sample split at 600oC for 1 hour, leaching with HCl, then analyzing the residue by Leco.
Big North Graphite President Spiro Kletas commented, “We are very encouraged by these results and the Company continues to aggressively pursue the stated goal of re-starting the Nuevo San Pedro Mine.”
R. Tim Henneberry, P Geo., a consultant to Big North, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical content of this news release.
For further information please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
(signed) “Spiro Kletas”
Spiro Kletas
President and Chief Executive Officer
Neither the 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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