The History of Vein Graphite
Vein graphite is known under various names including crystalline vein, Plumbago, Sri Lankan graphite, and Ceylon graphite. The name “Sri Lankan” and “Ceylon” are commonly used for vein graphite since the island nation of Sri Lanka (formally Ceylon) is the only area to produce this material in commercial quantities. Serious mining and exportation of Ceylon graphite began about 1824, however the unusual deposits of Ceylon have been known, and apparently used locally, since the middle of the 1600s.
Of all the natural graphite materials vein graphite is probably the most difficult to describe geologically and various theories of its origin have been presented. As the name suggests, vein graphite is a true vein mineral as opposed to a seam mineral (amorphous graphite) or a mineral that is disseminated throughout the ore rock (as in flake graphite). Seam minerals have some unique properties including their being non-contemporaneous with the country rock, steeply inclined (vein orientation), and subjected to filling by a host of minerals, especially those of hydrothermal origin.
About Ceylon Graphite
Ceylon Graphite is a public company listed on the TSX Venture Exchange (CYL:TSX-V) currently exploring and developing graphite mines in historic resource jurisdictions in Sri Lanka. It holds a land package constituting 121 km² grids containing historic vein graphite deposits. These unique and comparatively higher margin vein (lump) deposits have historical production dating back to the 1920’s and 1930’s.
Ceylon Graphite Completes $2million Non-Brokered Private Placement led by Strategic Investment from Mr. Sasha Jacob
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) is pleased to announce it has completed a non-brokered private placement offering of units, at a purchase price of CDN$1.00 per Unit for aggregate gross proceeds of CDN$2,000,000 led by a strategic investment from Mr. Sasha Jacob. Each Unit will be comprised of CDN$1.00 in principal amount of convertible debentures and two common share purchase warrants. The principal amount of the Convertible Debentures will be convertible at the holder’s option into fully-paid common shares in the capital of the Company at any time prior to Maturity in three years, at a conversion price of CDN$0.25 per share. This is a premium of 25% to the current share price of CDN$0.20.
Large New Graphite Veins Discovered
Ceylon Graphite Corp. (“Ceylon Graphite”or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced the discovery of two new large graphite veins at a depth of over 200 ft at their K1 site. Each vein is around 18 inches ( 46 cm) across and is situated in ceiling of a drive on the Northside of the tunnel (shown in the pictures below). Samples were taken from the veins and sent to the Geological Survey and Mining Bureau of the Government of Sri Lanka for carbon testing. Laboratory tests indicate a Cg level of 89.2 %. These samples will also be sent to laboratories for micronization to 20 microns and then spheroidization tests. With these two veins and the two found earlier, Ceylon Graphite now has discovered four sizeable veins within the last 15 days. The Company anticipates that there are additional similar sized or larger veins at lower depths and continues to actively pursue its aggressive exploration plan at it’s K1 site. A map of the underground site is shown below.
Ceylon Graphite Named Asia Pacific Exploration Mining Company of the Year
Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that the Company was named the Asia Pacific Exploration Mining Company of the Year for 2018 by Mines and Money at their conference in Hong Kong. The Company owns the majority of the known graphite deposits in Sri Lanka, the home of the purest graphite in the world. Graphite is the largest mineral component in lithium-ion batteries.
Ceylon Graphite Shortlisted for Awards at Upcoming Mines and Money Asia Conference
Ceylon Graphite is pleased to announce that the Company will be attending the Mines and Money Asia Conference being held in Hong Kong from the 3rd of April to the 6th of April 2018 to introduce Ceylon Graphite to the Asia Pacific markets. The Company has also been shortlisted for two awards by the organisers of the Conference and several well-respected industry experts.
Discovery of New Graphite Veins
Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced significant advancements of its mining operations at its K1and K2 sites. The upgraded and refurbished shaft has now reached the bottom at a depth of over 190ft.
New Graphite Veins and Tunnels
February 6, 2018 – Vancouver, BC – 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.
Ceylon Graphite’s K1 Shaft Refurbished to 100 Feet
November 27, 2017 – Vancouver, BC – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces significant advancements in the clearing and refurbishment of the graphite shaft and adit at its K1 site. The upgraded and refurbished shaft has now reached a depth of 100 ft. and will continue to the current bottom of the shaft which is anticipated at around 130 ft. Drilling operations simultaneously continue as previously announced.
Ceylon Graphite Purchases Second Drill Rig
November 9th, 2017 – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (Pvt) Ltd., a wholly owned subsidiary of Ceylon Graphite, has purchased a 2017 HY-2T type Core Drilling Rig from H.H. Drill-Tech Drilling Machinery Co. Ltd., a arm’s length party, based in Lianyungang, Jiangsu Province, China. Thirty (30%) percent of the purchase price of the rig was payable on signing of the definitive purchase agreement, and the balance will be paid on delivery. Upon completion of the acquisition, Ceylon Graphite will own two drilling rigs in Sri Lanka.
Ceylon Graphite Assays 98.89% Carbon Content
November 4, 2017 – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces it has received assay results of laboratory testing of graphite samples taken from the overburden of its exploration GRIDs in the Malsiripura and Katuwana areas in Sri Lanka. These results indicate carbon content ranging from 98.89% to 78.43% (w/w). The laboratory testing was done by Kahatagaha Graphite Lanka Ltd. (Government owned mining company) and SGS India Pvt Ltd.
Ceylon Graphite Receives Grab Sample Assay of 86.63% Carbon
May 2, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (PVT) Ltd (“Sarcon”) its wholly owned subsidiary has conducted a “pre drilling” grab sample of historic dump material (graphite and quartzite) including substantial rock fragments of graphite from its K1 site in Karasnagala. The K1 site was selected for its historic crystalline graphite production as it contains a number of abandoned mine shafts and adits, and is inundated with dump material.
Ceylon Graphite Commences Drilling
April 27, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has commenced drilling at its K1 site, which is a past producinggraphite mine. Drilling at K1 will initially focus on the area identified during VLF mapping around the old mine site. The K1 site is currently the highest priority grid that has been identified by the local geological team.
Ceylon Graphite Purchases Drill Rig
April 25, 2017 – Ceylon Graphite Corp. (“Ceylon”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (PVT) Ltd (“Sarcon”) its wholly owned subsidiary has purchased a HXY-2T type Core Drilling Rig from the H.H. Drill-Tech Drilling Machinery Co Ltd based in Lianyungang, Jiangsu Province, China. It is anticipated the drill will arrive in Sri Lanka by the middle of May. For it’s immediate requirements, Sarcon has hired a local drilling operator, currently on site to start the drilling process at its K1 site which is a past producing graphite mine. Drilling at K1 will initially be in the area identified during VLF ground mapping around the old mine site and then other parts of the grid.
Toronto’s Mayor to Visit Ceylon Graphite in Sri Lanka
VANCOUVER, British Columbia, March 20, 2017 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon”) (TSX-V:CYL) (OTC:CYLYF) (FSE:CCY) will host Toronto’s Mayor, His Worship John Tory along with several Canadian government representatives to celebrate the commencement of Ceylon Graphite operations in Sri Lanka. They will be the honoured guests at Ceylon Graphite’s reception in Colombo and will be joined by Sri Lankan political and business leaders. The reception will also acknowledge the history of significant investment in Sri Lanka by Ceylon founder, Toronto-based Sasha Jacob and Jacob Capital Management Inc., as well as the revitalization of global demand for pure vein graphite through his efforts. The honoured guests will then travel to the company’s first priority historic mine site to cut the ribbon symbolizing the restart of commercial operations of Sri Lanka historic graphite sites.
Ceylon Graphite Provides Corporate Update
VANCOUVER, British Columbia, Feb. 28, 2017 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon”) (TSX-V:CYL) (OTC:NWNYF) (Frankfurt:CCY) provides the following corporate update related to its Sri Lanka graphite projects.