Ceylon Graphite (CYL.V) has received the assay results from a batch of samples taken at the surface on some of the grids in Sri Lanka’s Malsiripura and Katuwana licenses. The average carbon content in these samples averaged between 78.43% and 98.89%. Not only is 98.89% an exceptional result, the assay results in the mid-70’s and 80’s are pretty good as well, considering the samples were taken from the overburden and not from the actual veins.
You normally wouldn’t expect weathered rock to contain high-grade graphite, so it will be very interesting to see what Ceylon Graphite will find in the bedrock.
Go to Ceylon’s website
The author has a long position in Ceylon Graphite. Ceylon Graphite is a sponsor of the website. Please read the disclaimer
