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Big North Graphite provides Mexico project update

Stockhouse Editorial
0 Comments| December 3, 2012

 Big North Graphite Corp. (TSX: V.NRT, Stock Forum) said that it has completed the first phase of development on the re-start of the Nuevo San Pedro mine in Mexico.

The Nuevo San Pedro Mine is located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years.

According to the Big North Graphite press release, site prep and clearing at the mine site along with enlargement of stockpiling areas will allow for immediate sorting and shipping of mined graphite.

Furthermore, the underground workings have been cleared and stabilized for safety and will allow for mining to begin immediately.

Big North Graphite is a company focused on the acquisition, exploration and development of select graphite assets in Canada.

On Monday, Big North Graphite’s stock soared 28% and was trading at $0.09 a share. The company has a market cap of $2 million, based on 22.5 million shares outstanding. The 52-week high and low was $0.33 and $0.055 respectively.


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