VANCOUVER, British Columbia, March 28, 2017 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (“Ceylon”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) announced that it has purchased a VLF EM16 Receiver that will be utilized by its field crew as the company commences a ground exploration program. The company will explore each one of the 116 grids by conducting a detailed electromagnetic mapping, that should provide the precise location(s) of the graphite vein(s) in each grid. The company currently has a drill rig on site that will drill the various veins and the core samples will be sent for analysis. The company’s goal is to build a geological database for future NI 43-101 resource estimation and to commence gathering bulk samples from grid sites to start a stock pile of graphite. In this context, the company has begun further site preparation of two high priority grids. The team will also locate and identify historic artisan mining operations on some grids and use these as the base infrastructure as mining operations are developed.
Bharat Parashar, Chief Executive Officer, said: “The EM16 will hasten the mapping of all of our grids and this coupled with our drilling program will set the stage for phase II production.”
About Ceylon Graphite Corp.
Ceylon Graphite Corp is a public company listed on the TSX Venture Exchange (TSX-V:CYL), that is in the business of exploring for 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 100km². These exploration grids cover all relevant areas that had historical graphite production during the early twentieth century representing the majority of the known graphite occurrence in Sri Lanka. Ceylon’s graphite is the purest in the world, and currently accounts for less than 1% of the world graphite production.
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