Ceylon Graphite’s K1 Shaft Refurbished to 100 Feet

Nov. 27, 2017 08:55AM PST

Ceylon Graphite (“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. …

Ceylon Graphite (“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.

Bharat Parashar, Chief Executive Officer stated:

“We are very encouraged with the pace of work at the K1 site. With preparation now underway for work at our next sites we are confident in our ability to become a near-term graphite producer of some of the world’s purest naturally occurring graphite.”

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