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Ceylon Graphite Corp.
Summary
| Project: | Malsiripura | |
|---|---|---|
| Deposit: | Malsiripura | |
| Location: | Sri Lanka | |
| Commodities: | Graphite | |
| Date: | 10/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-10-2018: Ceylon Graphite Corp. announces a Supporting Acquisition report for its Malsiripura deposit at the Malsiripura project. Summary of property in support of acquisition. On July 31rst, 2018, Mr Bharat Parashar Chairman and CEO of Ceylon Graphite C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Christian Derosier (Independent) | |
| ABSTRACT: | On July 31rst, 2018, Mr Bharat Parashar Chairman and CEO of Ceylon Graphite Corp. (CYL), commissioned Christian Derosier Géologue-Conseil inc. to prepare an independent, NI 43-101 compliant technical report (Report) on its 100% owned Malsiripura Graphite project (M1 Project), located in the North Western Province of the Democratic Socialist Republic of Sri Lanka. The Author visited the Project area on August 3rd, 2018. On September 20, 2017, Ceylon Graphite Corp. announced it has signed an agreement to acquire all of the issued and outstanding shares of JADS Enterprises (Private) Ltd. (JADS), a local Sri Lankan mining company that has five graphite exploration Grid units (“GRIDs”) and an exploration license in the Malsiripura/Kurunegala region. The Grids cover an area of 5 sqkm (500 ha, or 1 235.48 acres) Since the acquisition of the property, CYL has not undertaken an exploration program. The Company is in discussion with land owners for obtaining their authorization to proceed with surface and underground work. The Malsiripura Graphite Project is located at about 120 km NE of Colombo, the capital of Sri Lanka. Within 30 kilometres of the licence area, are the larger regional centres of Kurunegala and Dambulla. The smaller village of Melsiripura located at some 15 kilometres south from the mining property, acts as a support base. The Block of Grids is crossed by Highway A-6 which links Kurunegala to Dambulla. The Malsiripura area located in the North, is exposed to the Maha monsoon which affects the other half of Sri Lanka from around October to January, with the dry season usually from May to September. This area receives approximately 1250 to 1500 mm of rainfall annually. | |
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