Big North Graphite Makes Fourth Graphite Sale in November and Expands Stockpile To Accommodate Future Sales
11 Diciembre 2013 - 7:31AM
Access Wire
Vancouver, B.C., December 11, 2013 - BIG NORTH GRAPHITE CORP. (TSX-V: NRT)
(the "Company" or
"Big North"), announces that
the Company sold 125 tons of amorphous graphite to a customer
within Mexico in the month of November, with the graphite screened
to a 3/4 minus product at the Company's processing facility located
in Sonora, Mexico. Further, the Company has now stockpiled over 500
tons of amorphous graphite in preparation for expanding its
sales.
Big North President Spiro Kletas
stated, "We are pleased to continue with sales of amorphous
graphite from our project in Sonora, Mexico. Further, the Company
is focused on putting ourselves in a position to grow production, enhance processing, grow sales and
secure long-term off take partners. By growing our stockpile
of available product, we believe that we will be better positioned
to accomodate larger off take partners."
Big North, through its Mexican
subsidiary Grafito la Barranca SA de CV, holds a 100% interest in
the Aki Wiki concession and has a 50/50 joint venture on the Nuevo
San Pedro Project. Both concessions are 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 southeast of the city of Hermosillo, Mexico.
About Big North
Graphite Corp.
Big North is a
graphite development and exploration company focused on select
projects in Mexico and Canada. The Company acquired three past
producing amorphous graphite mines in Sonora, Mexico and is working
towards accelerating the restart of the Nuevo San Pedro amorphous
graphite mine. Big North is currently in the test mining phase at
Nuevo San Pedro. The Company completed its first sale of amorphous
graphite in August of 2013.
Big North has started the assembly of a
processing plant that will be used for crushing, screening, sizing
and drying of graphite to the specifications of future customers.
Further, the Company has commenced a strategy of buying unprocessed
amorphous graphite from local miners who do not possess the ability
to process or ship to end users. Big North also owns high priority,
large flake graphite exploration projects in Ontario and Quebec,
Canada.
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
Facebook: https://www.facebook.com/bignorthgraphite
Twitter: https://twitter.com/NRTgraphite
YouTube: http://www.youtube.com/bignorthgraphite
Flicker: http://www.flickr.com/photos/bignorthgraphite
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.
The
Company has not established mineral resources and has not completed
a valid mining study (as defined by NI 43-101) to support its
production decision at the Nuevo San Pedro Mine. Historically, a
production decision under these circumstances results in much
higher economic or technical risk. Furthermore, without a pre-feasibility or
feasibility study and a graphite reserve, there can be no assurance
that operations at Nuevo San Pedro will be profitable.
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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