Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.
- Powermax released Phase 2 stream sediment assay results from its Cameron Rare Earth Element Project in British Columbia, showing elevated light, heavy, and total rare earth oxides, across multiple drainage catchments.
- Results point to potential upstream bedrock sources and define priority areas for follow-up exploration.
- The company plans to integrate these findings with pending soil and rock sample data.
- Powermax is advancing a portfolio of REE assets in Canada and the U.S., including projects in Ontario and Wyoming.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company, recently reported new assay results from its Phase 2 stream sediment sampling program at the Cameron Rare Earth Element (“REE”) Project in British Columbia, outlining a series of anomalous rare earth values that management says will help refine exploration targets (https://nnw.fm/9Raiq).
The Toronto-based company said sampling across multiple drainage systems returned elevated light rare earth oxides (“LREO”), heavy rare earth oxides (“HREO”), and total rare earth oxides (“TREO”), reinforcing the effectiveness of stream sediment geochemistry as a tool for identifying REE mineralization. According to Powermax, Phase 2 assay results showed:
- LREO values ranging from 178.6 parts per million (“ppm”) to 47,980.5 ppm
- HREO values from 49.0 ppm to 9,537.3 ppm
- TREO values from 227.7 ppm to 57,517.8 ppm
Several drainage catchments displayed coherent multi-element anomalies, with enrichment in both light and heavy rare earths. The company also reported consistently high eTh/K ratios (greater than 10 in many samples), suggesting the presence of thorium-rich accessory minerals such as monazite or xenotime being transported downstream.
Management said these patterns indicate likely upstream bedrock sources and help define priority zones for follow-up geological mapping, soil sampling, and potential trenching or drill testing, subject to permitting.
“The Phase 2 stream sediment assay results further validate our systematic exploration approach at the Cameron Rare Earth Element Project,” CEO Paul Gorman said. “The broad range of elevated LREO, HREO, and TREO values across multiple drainage catchments highlights the extent and consistency of REE anomalies and confirms stream sediment geochemistry as an effective tool for defining priority target areas.” Gorman added that the company will integrate the new data with soil and rock sample results that are currently being processed.
Sampling for the Phase 2 program focused on active drainage systems. Sediments were sieved to less than 18 mesh and analyzed by AGAT Laboratories in Calgary, an ISO/IEC 17025:2017 accredited facility, using its 201-380 metals package. Powermax said quality control included the insertion of field duplicates. The Cameron REE Project is located in the Kamloops Mining Division of British Columbia and comprises three mineral claims totaling roughly 2,984 hectares. Powermax holds an option to acquire the property.
Beyond Cameron, Powermax is building a broader REE-focused portfolio. The company also holds options on the Atikokan REE Property and the Pinard REE Property in northern Ontario and owns a 100% interest in the Ogden Bear Lodge Project in Crook County, Wyoming.
Powermax positions itself as an early-stage exploration company aiming to identify and define economically viable rare earth deposits in Canada and the United States.
The company’s latest results arrive as rare earth elements continue to draw attention from investors and policymakers alike. Global demand for REEs is projected to rise sharply over the next decade, driven largely by electric vehicle production, wind power deployment, and other clean energy technologies. At the same time, China maintains a dominant role in both mining and processing, prompting efforts in North America to diversify supply chains.
In the United States, federal initiatives such as the Defense Production Act are being used to direct funding toward domestic and allied REE development, including grants and long-term purchase commitments. Canadian companies are eligible for parts of this funding, potentially providing additional support for exploration and downstream processing projects.
For Powermax, the Cameron results represent another technical data point as it works to advance its properties from early-stage exploration toward defined drill targets. While the company remains in the exploration phase, the growing dataset at Cameron is helping narrow the search for potential REE-bearing source rocks.
Exploration Target Cautionary Statement
The exploration targets discussed are conceptual, and there is currently not enough data to confirm a mineral resource. Further exploration may not yield successful results.
For more information, visit the company’s website at www.PowermaxMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://nnw.fm/PWMXF
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