News Release: Big North Graphite to Commence Exploration Program on Graphite Properties
BIG NORTH GRAPHITE CORP. 350 – 885 Dunsmuir Street Vancouver, British Columbia V6C 1N5 Tel: (604) 629-8220 Fax: (604) 688-7307 Big North Graphite to Commence Exploration Program on Lyndoch - Griffith and Brougham Graphite Properties, Ontario and Commissions NI 43-101 Technical ReportVancouver, B.C., May 2, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or“Big North”), is pleased to announce that further to its press release dated April 19, 2012, theCompany has commenced an exploration program on the approximately 6,500 hectare Lyndoch -Griffith and Brougham properties, located in southern Ontario. Exploration is to commence on theproperties with a helicopter airborne EM survey flown at 100m line-spacing.Independent geological consultants G.A. Harron and Associates of Toronto have been commissionedto write a National Instrument 43-101 report on the property and have completed their site visits. Thereport will include the results of the airborne survey work, compilations of all known geology and pastwork, and will make recommendations for detailed surface follow-up work for early summer.Both blocks cover substantial tracts of graphite-prospective Grenville-age marble+/- gneiss geologyand are unexplored, in terms of modern technology, for graphite. Both encompass historic graphiteoccurrences. Government assessment files (1982) indicate a graphite occurrence in marble in theGriffith Township portion of the Lyndoch - Griffith block (".... two foot wide vein bearing 10-20%graphite occurs in marble..."). The Brougham block is anchored by two historic graphite occurrencesin the Southeast, which may be the extension of the drill-proven Coronation graphite zone on thenearby Black Donald property of Standard Graphite Corporation.The historic Black Donald Mine was located to the south of the present Big North Brougham block onthe south side of Black Donald Lake. This marble-hosted deposit was an extremely high grade minewhich dominated Canadian graphite production during its operational lifetime (1896-1954). During thelast 10 years of mine life the average reported grade was 25 to 30 per cent graphitic carbon ("Cg").About 94 per cent of the total value of Ontario graphite production came from the Black Donald Mine.There is currently a considerable amount of graphite activity in the Grenville geologic province ofsouthern Ontario. The Grenville Province is characterized by a suite of Precambrian-age, highmetamorphic grade rocks that by virtue of their initial carbon-bearing composition and subsequentmetamorphic and deformation history, are prospective for economic graphite deposits, particularly ofthe coarse flake variety. The two most advanced projects in the region are those of Northern GraphiteCorporation at their Bissett Creek deposit and Ontario Graphite at their Kearney Deposit.The Lyndoch - Griffith and Brougham properties consist of two approximately equal-size claim blocksin Lyndoch-Griffith and Brougham Townships and are located about 140 kilometres south of Ottawa.The properties contain or adjoin numerous historical graphite occurrences. The Property is located inan area of well-established access and infrastructure.Maps of the properties are posted in the corporate presentation on the company’s website at:http://www.bignorthgraphite.com/.
Big North Graphite is also pleased to announce that MPH Consulting Limited of Toronto will beprimarily responsible for the exploration programs at Big North’s graphite properties in southernOntario.Bill Brereton, P.Eng, a qualified person as defined by National Instrument 43-101, and independent ofBig North, supervised the preparation and has approved the technical information in this newsrelease.For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.ON BEHALF OF THE BOARD“Spiro Kletas”Spiro KletasPresident and Chief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX VentureExchange) 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 anduncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company willnot update these forward looking statements to reflect events or circumstances after the date hereof. More detailed informationabout potential factors that could affect financial results is included in the documents filed from time to time with the Canadiansecurities regulatory authorities by the Company.