Reflex Advanced Materials Corp Successfully Completes Initial Drill Program at Ruby Graphite Project in Dillon, Montana

VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE: RFLX), (OTCQB:RFLXF), (FSE:HF2) (“Reflex” or the “Company”), proudly announces the completion of the Company's 2023 Phase One drill program (the "Program") at its Ruby Graphite Project (the "Project") near Dillon, Montana. The Property is road accessible and is situated 22km southeast of Dillon. Originally planned for only 16 holes, the program's impressive efficiencies allowed the Company to complete 22 holes, all reaching an average depth of 150 meters.   The Company’s geological team is now working on data compilation and assay results are expected in Q1 2024.

Drill Program Highlights:

• A total of 22 diamond drill holes were completed, totaling 3500m for the inaugural drill program on the Property;
• Average drilling depth of only 150m, due to indicated near surface mineralization of Cg across the Property
• First pass drilling tested multiple conductivity anomalies as well as north and northwest striking structures, with plans to follow up on the areas that return the best graphite (Cg) grades;
• The entire length of drill core has been sampled and is being analyzed by ALS Laboratory with expected results in Q1 2024. Multi-element analysis as part of the assaying protocol has also been initiated to test the theory of the Ruby Project being a multi-mineral asset; and

Paul Gorman, CEO of Reflex Advanced Materials, commented, "The team is very pleased with how much we have been able to accomplish during phase one of our drill program. We tested multiple conductivity anomalies along major trend and have already highlighted areas to prioritize for follow up." He went on to say, "The affordability of drilling on this Property as well as low mobilization cost has allowed the team to gather significant geological information with limited capital spent and allowed for more diamond drill holes than originally planned and budgeted for. Overall, a very efficient program was executed."

The Program was designed to test geophysical anomalies identified during the Company’s TDEM Helicopter Survey that was conducted earlier in the exploration season of 2023 (see June 20^th, 2023 news release). All holes utilized oriented core allowing the team to better understand the structural trends for targeting in future drill programs. Due to the late season Program, we expect assay results will be returned in mid Q4 2023, and the Company looks forward to releasing them in the upcoming weeks.