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Big North Graphite Corp. (TSXV:NRT) provided additional details on the anticipated commencement of production at its Nuevo San Pedro Mine in Mexico, as requested by the British Columbia Securities Commission. The Company acquired a 50% interest in Nuevo San Pedro and had stated in previous press releases that it planned to re-start the Nuevo San Pedro amorphous graphite mine on December 3, 2012. The Company completed the first phase of development in preparation for the re-start of the mine. On February 12, 2013, the Company reported grab samples from Nuevo San Pedro that analyzed 40.23% to 66.98% graphite.
As quoted in the press release:
The Company has stated that it intends to re-start the Nuevo San Pedro amorphous graphite mine and on December 3, 2012, the Company reported that the first phase of development in preparation for the re-start of Nuevo San Pedro had been completed, including the delivery of heavy equipment and repair and construction of haul ways and existing access roads to the mine site. On February 12, 2013, the Company reported grab samples from Nuevo San Pedro that analyzed 40.23% to 66.98% graphite. These results are from selected grab samples, which may not be representative of the grade of the target graphite zones on the property. Development continues and announcements regarding that work will be reported as completed.
While Big North intends to re-start the Nuevo San Pedro mine, the Company wishes to clarify that 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.
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