Business
Ceylon Graphite: New Graphite Veins and Tunnels
VANCOUVER, B.C., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) today announced significant advan
About this update from Ceylon Graphite Corp.
[{"type":"text","content":"VANCOUVER, B.C., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) today announced significant advancements of its mining operations at its K1 site. The upgraded and refurbished shaft has now reached a depth of over 130 ft and will continue to the current bottom of the shaft. Dewatering of the main shaft has been completed. At the current depth, there are now two tunnels on either side of the main shaft. These tunnels have been cut through hard rock and form the basis of the previous mining operation at this site. Each tunnel traverses to a winze (a shaft that starts underground and goes further underground till it terminates). These winzes/pits join up with the crosscut (level tunnel driven along the mineral vein). They will be used as manways, ventilation passages, for support lines such as pipes and electric lines and transport to the cross cut and other lower levels. Drill holes KRS 01 (Dip 50.5 deg) and KRS04 (Dip 60 deg) both intersected a graphite vein in the bedrock and have also hit a tunnel or cave at a depth of over 300ft. The clearing process of the shaft has also shown numerous veins of graphite in the bedrock. Ceylon Graphite management has made the decision not to start mining these graphite veins as yet and to drill a few more holes at the same location better understand the geology. For recent images of the K1 shaft and current work program please see Ceylon Graphite’s updated website and presentation. Website link: www.ceylongraphite.com In addition to these significant advancements at its K1 site, Ceylon Graphite also announces that it has completed preparatory geological work, that includes VLF and other surveys on its grid in Katuwana (“K2”) in preparation for exploration through drilling and refurbishment of the existing shafts on the grid. This work will commence on the 9th of February 2018. Ceylon Graphite also announces that after discussion with its geological team, it has decided to commence mining at its Palliyadda site on the basis of the drilling results of hole number PLB0004 and PLB0008, both of which indicated graphite veins of more than 40 cms. Sub surface graphite testing has indicated carbon content(Cg) of over 98 % from this site. These grids, one in Katuwana and the other in Malsiripura both have vein graphite visible on the surface...