Vancouver, B.C., / ACCESSWIRE / August 25, 2014 / BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (OTC : BNCIF) (the "Company" or "Big North"), announces that the Company has engaged Gestion Ambiental Omega, SC as Permitting Consultants to reactivate all permits required to re-start the El Tejon Flake Graphite Mine and Mill in Oaxaca, Mexico. Gestion Ambiental Omega SC expects to have all permits in place in approximately 6 months.
Further, Big North Graphite has been informed that maintenance and repair work to the El Tejon mill can begin immediately. The Company recently announced that, according to Tetra Tech, the first line at El Tejon can be refurbished in approximately 6 months and would require approximately $2.25 million USD to complete (see News Release of August 14, 2014).
Company President Spiro Kletas commented, "We are pleased to welcome Gestion Ambiental Omega's expertise to this very important aspect in Big North's progress and development. This is a very important step towards our goal of becoming one of the first TSXV listed companies to produce and sell flake graphite. The projected timeframe fits well with Tetra Tech's estimate of 6 months to refurbish Line 1 of the mill."
The El Tejon Property is a 500 hectare property and consists of the El Tejon flake graphite mine and mill. The El Tejon Property is located in the state of Oaxaca, approx 38 kilometers northwest of the City of Oaxaca, in the town of San Francisco Telixtlahuaca.
The El Tejon Property is the only flake graphite mine to have produced in Mexico. The mine and mill were originally built in 1980 by the Government of Mexico. In 1989, a second processing line was installed to increase the capacity. El Tejon was an open pit mine, and the mill was used to crush, mill, float, dry, screen and pack final product. The El Tejon mine and mill shut down in 2002 due to falling graphite prices. For pictures of the El Tejon project, please go to the Gallery section of the website -
http://www.bignorthgraphite.com/s/gallery.asp.
The Company has not established mineral resources and has not completed a valid mining study (as defined by NI 43-101) to support a production decision at the El Tejon Property. 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 any future operations at El Tejon will be profitable.
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 and has completed sales of amorphous graphite totaling approximately 1163 tons to date.
Big North Graphite recently acquired the past producing El Tejon flake graphite mine and mill in Oaxaca, Mexico. Big North is poised to capitalize on the increasing strategic demand for graphite throughout the world, a demand that is being driven by the growth in new, green technologies including the lithium ion batteries that are being used in hybrid and fully electric vehicles.
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
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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 a production decision at the El Tejon Mine and Mill. 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 any future operations at El Tejon will be profitable.
Except for historical information contained herein, this news release contains forward-looking statements (including the expected timing with respect to obtaining the permits described herein) 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.
SOURCE: BIG NORTH GRAPHITE CORP.