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Ceylon Graphite: M1 Site “New” Vein one of the largest in Sri Lanka
VANCOUVER, British Columbia, June 03, 2019 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced th
About this update from Ceylon Graphite Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 03, 2019 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that further to its report on the 14th of May 2019, the needle type crystalline graphite vein it discovered 10 feet downhole at its M1 site in the Malsiripura area in Sri Lanka has increased 2x in size with depth (shown below at 20/25ft). The discovery of the widest graphite vein found to date was made in the course of driving a new ventilation shaft at the M1 site and has continued to grow in width as the digging progresses deeper into the rock. Such a discovery clearly shows the robust exploration potential of the M1 site. No such modern exploration has occurred in one of the worlds best crystalline graphite jurisdictions. The pictures above show the size of the vein.This vein is in the southern section of the GRID. “The size of this vein is larger than anything we have seen below the surface – it is 'Epic' by any standards. We are delighted at the continued growth in the size of the vein,” said Bharat Parashar, Chief Executive Officer. “The M1 site continues to provide fantastic results and will likely be one of the largest graphite finds in Sri Lanka. Ceylon Graphite is looking good to soon start commercial graphite production.” Qualified Person Robert Marvin, P. Geo (ONT) is a Qualified Person under National Instrument 43-101 and has reviewed and approved the geological information provided in this news release. About Ceylon Graphite Corp. Ceylon Graphite Corp, is a public company listed on the TSX Venture Exchange (CYL:TSX-V), that is in the business of exploration and development of graphite mines in Sri Lanka. The Government of Sri Lanka has granted the company exploration rights in a land package of over 120km². These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka. Graphite mined in Sri Lanka is known to be some of the purest in the world, and currently accounts for less than 1% of the world graphite production. FORWARD LOOKING STATEMENTS: This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performa...