Update to Reflex Advanced Materials Corp Initial Drill Program at Ruby Graphite Project

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE: RFLX), (OTCQB:RFLXF), (FSE:HF2) (“Reflex” or the “Company”), announced the completion of the Company's 2023 Phase One drill program (the "Program") at its Ruby Graphite Project (the "Project") near Dillon, Montana in a recent news release dated October 24, 2023. The Property is road accessible and is situated 22km southeast of Dillon. The program’s impressive efficiencies allowed the Company to complete 24 holes from 8 drill pads, with a total length of 3391m giving an average depth of 141 meters.  The Company would like to provide supplemental information and correct certain inaccuracies announced in the previous news release.

Drill Program Highlights:

• A total of 24 diamond drill holes were completed, totaling 3391m for the inaugural HQ-size drill program on the Property;
• Average drilling depth was only 141m due to presence of graphitic carbon (Cg) mineralization at surface and in shallow historical workings in the drill target area;
• First-pass drilling tested an extended conductivity anomaly along an east-northeast striking marble, with plans to follow up on the areas that return the best Cg grades;
• Graphite mineralization was found in every completed hole, ranging from 10’s of meters of disseminated graphite flake to multiple veins of graphite, with individual veins typically 1 to 5-cm in zones up to 30-cm thick (assays pending); and
• Drilling and surface mapping also confirmed the extension of the marble and calc silicate units that may represent a source of carbon to the west of where they had been previously recognized and into the area above the historical workings.

The geologic team provided by Childs Geoscience Inc. (CGI) has completed detailed descriptive logging and photography of the core, and is proceeding with an analysis program that includes the following:

• The entire lengths of mineralized intervals will be split and sampled;
• Samples will be analyzed by ALS Laboratory with complete results expected in Q1 2024;
• As part of the assaying protocol, multi-element analysis will also be initiated to test the geochemical association of the Cg mineralization; and
• Carbon isotope and related studies are being pursued to better understand the origin and exploration footprint of the mineralization.

The holes were generally drilled in a vertical-fan arrangement with inclinations of 45°, 60°, 75° or 90° from horizontal.  All holes were surveyed to determine azimuth and inclination.  The acquired data allows the team to better understand the structural trends for targeting in future drill programs.  Figure 1 shows the orientation of holes drilled across the target area, typically with 2 to 3 holes per pad and up to 5 holes near the existing mine workings.