Reflex contracted Ethos Geological (“Ethos”) of
Over the course of the initial geologic work conducted from August to November, Ethos performed the following studies:
- Detailed geological field mapping;
- Sampling of the various rock types at 25 locations and submitted these for chemical fingerprinting to support lithology and structure mapping;
- Soil survey, collecting 201 samples at 25-m spacing along three lines, analyzed for pH and geochemistry for identification of lithology changes across the property;
- Detailed photogrammetry and elevation modeling conducted with an unmanned aerial vehicle (UAV or drone);
- Using a GEM-2 Ski by
Geophex Ltd. , a multifrequency electromagnetic (EM) handheld survey tool, acquired approximately 100 line-km of surface EM data at 200 m spacing; and Contracted KLM Geoscience LLC to conduct an Induced Potential (IP) survey along three lines, each approximately 1500 m long at 50-m dipole spacing, for identifying potential graphite-bearing intervals by searching for electrically conductive and chargeable anomalies.
Completed work is displayed on the accompanying map.
The initial results imply several conductive trends that correlate well among the shallow GEM-2 EM survey and the deeper IP survey. These potentially graphite-bearing trends are more extensive than what was previously expected by Reflex management and historic workers. There is no assurance that the conductive trends represent commercial graphite deposits, as the identified trends must be proved by core drilling.
Ethos Geological is currently preparing an NI 43-101 Technical Report to document the exploration work completed in 2022 including the conductivity discoveries on the Property. Release of the report, assays, and geophysics are anticipated in Q1 2023 and the report is expected to include recommendations for core drilling in 2023 as well as continuation of additional geophysical surveys and other tasks deemed appropriate for this stage of the program.
The Project is located at the southwest portion of the
The Ruby Graphite property encompasses a previously mined natural graphite deposit which operated as the
Qualified Persons
The technical information contained in this news release has been reviewed and approved by Greg Bell, P.E. (AZ 61937, UT 4872976-2202), Reflex General Manager, not independent of the issuer, and
About Reflex Advanced Materials
For more information, please review the Company’s filings available at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
CEO & Director
info@reflexmaterials.com
Tel. (416-768-6101)
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Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements are intended to identify forward-looking statements and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, such as statements regarding: the Company’s ability to identify potential graphite-bearing areas at the Project, including that the old Ground Hog and Bird’s Nest mines appear indicative of more extensive graphite-bearing trends; the stratigraphy and structure of the Project, including the source of carbon for the vein and flake graphite occurrences at the Project; the proposed National Instrument 43-101 Technical Report on the Project, including the timing and contents thereof; future exploration work that the Company intends to complete on the Project and the timing thereof; and the Company’s plans to resurrect the graphite production at the Project and become the only currently operating natural graphite mine in the
These forward-looking statements reflect the expectations or beliefs of management of the Company based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning: the ’stratigraphy, structure and geology of the Project, including that the old Ground Hog and Bird’s nest mines are indicative of more extensive graphite-bearing trends and the source of carbon for the vein and flake graphite occurrences at the Project; the Company’s ability to complete a National Instrument 43-101 Technical Report on the Project on the timeline and containing the recommendations currently anticipated; the nature and timing of future exploration work by the Company on the Project; and the Company’s ability to advance the Project from the exploration stage to the development and production stage.
Although forward-looking statements are based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking statement will prove to be accurate. By their nature, such forward-looking statements are subject to a number of risks and uncertainties which could cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project, that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, that the Company may fail to complete a National Instrument 43-101 Technical Report on the Project, on the timeline currently anticipated, containing the recommendations currently anticipated, or at all, that the Company may be unsuccessful in resurrect the graphite production at the Project and those risks and uncertainties detailed from time to time in filings made by the Company with securities regulatory authorities. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
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Ruby Graphite 2022 Exploration
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Ruby Graphite 2022 Exploration
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