VANCOUVER, British Columbia, March 21, 2023 (GLOBE NEWSWIRE) — Reflex Superior Supplies Corp. (CSE:RFLX), (OTCQB:RFLXF), (FSE:HF2) (Reflex or the Company) communicates that, in settlement with the proprietor of the mineral rights, has submitted purposes for authorization to the Bureau of Land Administration (BLM extension) in connection along with his exploration of the Ruby Graphite venture in Dillon, Montana.
The Ruby Graphite venture (the Challenge) covers roughly 2000 acres and 96 federal mineral claims situated in Beaverhead County, Montana, USA. The Firm has secured an choice to amass 100% possession of the Challenge in September (see press launch dated October 12, 2022). The venture is a prospect for pure crystalline graphite attributable to its historical past of economic graphite manufacturing. There’s at present no industrial manufacturing of graphite in america.
Ruby Graphite Holdings LLC, which owns the mineral rights to the Challenge space, on behalf of the Firm, has submitted a discover to the BLM for the development of entry routes and drilling rigs, and has additionally submitted a modification to its present Working Plan to the upgrading of roads, drilling on beforehand disturbed areas, putting in a climate station and a mobile phone mast. Purposes to the BLM embrace the development of greater than 20 drilling rigs and will allow the Firm to undertake a number of complete exploration applications to judge graphite mineralization within the Ruby Challenge space.
The corporate’s preliminary drilling schedule, which is predicted to happen in the summertime of 2023, contains plans for a complete 3500 meters of drilling, cored to a mean depth of 130 meters. The targets for this drilling program have been recognized utilizing historic information from the unique mining operations and information collected for the preliminary 43-101 technical report on the venture, dated January 31, 2023 (see March 2, 2023 press launch).
The development of the allow is a key milestone and marks the true starting of our extremely anticipated 2023 drilling program at Ruby Graphite,” commented Paul Gorman, CEO and director of Reflex. We hope that the drilling program, as soon as approved, will affirm the historic information collected by the USGS indicating that the Challenge harbors pure mineralization of crystalline graphite and lives as much as its custom. Thrilling instances for Reflex.”
Ruby Graphite Challenge Background
The Ruby Graphite Challenge is situated within the southwest portion of the Ruby Vary mountains in southwest Montana, roughly 14 miles (22 km) southeast of town of Dillon, Montana. The Ruby Challenge Space consists of a mix of personal and public lands totaling 1,945 acres (787 ha) and contains 96 mine honor claims with a complete measurement of 1,764 ac (714 ha). Federal mining claims present rights to discover, mine, and extract minerals from lands.
The venture features a deposit of beforehand mined pure graphite that operated because the Crystal Graphite Firm from 1901 to 1948, having produced greater than 2,000 metric tons of vein graphite. A hearth consumed the small focus mill and a part of the mining discipline round 1950, and the place has been deserted and largely forgotten. Reflex plans to resurrect graphite manufacturing and turn out to be the one industrial crystalline graphite mine within the U.S.
Reflex Superior Supplies is dedicated to conducting its exploration and growth actions in a accountable and sustainable method and is working carefully with native stakeholders and regulatory authorities to make sure compliance with all relevant environmental and social requirements.
The technical info contained on this press launch has been reviewed and accepted by Greg Bell, P.Eng., normal supervisor of the Ruby Graphite venture, who isn’t unbiased of Reflex and is a certified particular person (QP) as outlined in Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives.
For extra details about Reflex Superior Supplies Corp and its mining initiatives, go to the corporate’s web site at www.reflexmaterials.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul Gorman
Chief Govt Officer and Director
Reflex Superior Supplies Corp
data@reflexmaterials.com
tel. (416-768-6101)
Suite 915-700 West Pender Avenue
Vancouver, B.C. V6C 1G8
Canada
About Superior Reflex Supplies
Reflex Superior Supplies Corp. is a British Columbia-based mining exploration firm. Its purpose is to find and, if warranted, develop cost-effective mining properties within the strategic metals and superior supplies house. It focuses on bettering the effectivity of the nationwide particular mineral infrastructure to satisfy the rising home demand from North American producers. The corporate is working to advance the Ruby Graphite venture, situated in Beaverhead County, Montana, and the ZigZag Lake Lithium property, situated within the Thunder Bay Mining Division, Crescent Lake Space, Ontario.
For extra info, please seek the advice of the Firm’s paperwork obtainable at www.sedar.com.
Ahead-Trying Statements
This press launch incorporates sure forward-looking statements pursuant to relevant securities legal guidelines. Use of any of the phrases might, intend, anticipate, consider, intend, projected, estimated, and related expressions and statements are meant to determine forward-looking statements and are based mostly on the Firm’s present beliefs or assumptions relating to the result and timing of such future occasions. All statements that aren’t historic information, together with, with out limitation, statements relating to future estimates, plans, schedules, forecasts, projections, objectives, assumptions, expectations, or beliefs about future efficiency, reminiscent of statements relating to: The Firm’s means to determine mineralization of graphite to the Challenge; the Firm’s perception that manufacturing handed to the Challenge is indicative of graphite mineralization on the Challenge; future exploration work that the Firm intends to finish on the Challenge and the timing and outcomes thereof, together with the Firm’s deliberate drilling schedule and different exploration work that the Firm intends to undertake pursuant to the permits required by the BLM; the Firm intends to resurrect graphite manufacturing on the Challenge and turn out to be the one at present working pure graphite mine in america; and the corporate expects to stick to all related security and environmental laws.
These forward-looking statements mirror the expectations or beliefs of the Firm’s administration based mostly on sure key expectations and assumptions made by the Firm, together with expectations and assumptions relating to: the Firm’s means to determine graphite mineralization within the Challenge; that manufacturing handed to the Challenge is indicative of graphite mineralization on the Challenge; the character, timing and outcomes of future exploration work by the Firm on the Challenge; that the BLM will approve the purposes submitted by the Firm and grant the authorizations requested by the Firm considerably within the phrases requested by the Firm; the Firm’s means to advance the Challenge from the exploration stage to the event and manufacturing stage; and that the Firm will be capable of efficiently adjust to all related environmental and security laws.
Whereas forward-looking statements are based mostly on affordable assumptions by Firm administration, there isn’t any assure that any forward-looking statements will show to be correct. By their nature, such forward-looking statements are topic to a variety of dangers and uncertainties that might trigger precise outcomes, efficiency or achievements to vary materially from the anticipated outcomes, efficiency or outcomes expressed or implied by the forward-looking statements. Such dangers and uncertainties embrace, however aren’t restricted to, dangers inherent within the exploration and growth of mineral deposits, together with dangers associated to modifications in venture parameters or delays as plans proceed to be refined, which the Firm might not obtain the required permits or approvals to conduct the specified exploration work (on or below Firm’s schedule, or in any respect), that mineral exploration is inherently unsure, and that mineral exploration outcomes is probably not indicative of the particular geology or mineralization of a venture; that mineral exploration could also be unsuccessful or fail to attain the outcomes anticipated by the Firm; that the Firm might fail or be unable to adjust to all related legal guidelines; that the Firm might fail to resurrect graphite manufacturing within the Challenge; and people dangers and uncertainties detailed infrequently in filings by the Firm with securities regulators. These elements needs to be fastidiously thought-about and readers are cautioned to not place undue reliance on any forward-looking statements. The forward-looking statements and data contained on this press launch are made as of as we speak’s date and the Firm undertakes no obligation to replace or revise any forward-looking assertion or info, whether or not on account of new info, future occasions or in any other case, except is required by relevant securities legal guidelines. The Canadian Securities Alternate has not reviewed, accepted or disapproved the contents of this information launch and assumes no accountability for the adequacy or accuracy of this launch.
Contact info:
Paul Gorman
Director and CEO
Phone: 416 768 6101
