Powermax Minerals Completes Phase 2 Fieldwork at the Cameron Rare Earth Element (REE) Project, British Columbia

Executive Summary

• Powermax Minerals announced the successful completion of its Phase 2 exploration field program at the Cameron Rare Earth Element (REE) Project in British Columbia.
• The program collected 100 soil samples, 100 stream‑sediment samples and 29 rock chip samples for comprehensive geochemical analysis by Agat Laboratories.
• Results will be integrated with existing geological and geophysical data to refine the REE mineralization model and define new drill targets for the next exploration phase.

Key Details

• Program Scope: Geological mapping, systematic rock sampling, soil and stream‑sediment geochemistry across priority areas identified from Phase 1 work.
• Sample Count: 100 soils, 100 stream sediments, 29 rock chips (including two fire‑assayed for gold and one tested for graphite).
• Laboratory: Agat Laboratories Ltd., Calgary, Alberta – ISO/IEC 17025:2017 accredited; QA/QC includes blanks, duplicates, certified reference materials.
• Target Lithologies: Pegmatitic and gneissic units within the Monashee Group, carbonatite lenses with garnet, quartz‑biotite gneiss, granitic outcrops – all known to host light (LREE) and heavy (HREE) REE minerals such as monazite, allanite, xenotime.
• Sampling Methodology:
• Soil: B‑horizon silty‑to‑sandy soils, 2–30 cm depth, covering mineralized and background zones.
• Stream sediment: Classified river gravels & fine sediments sieved through No. 18 mesh (0.0394 in).
• Data Integration: Upcoming analytical results will be merged with prior geological, geophysical, and Phase 1 data to update the geochemical model and pinpoint new drill targets.
• CEO Comment: Paul Gorman highlighted the program as a “milestone” providing a comprehensive dataset to evaluate REE distribution and guide future drilling.
• Qualified Person: Afzaal Pirzada, P.Geo., Director of Powermax Minerals (NI 43‑101 Qualified Person).

Notable Quotes

“The completion of our Phase 2 fieldwork represents another important milestone for the Cameron Project… We look forward to the upcoming analytical results, which will guide our follow‑up exploration and potential drill targeting.” – Paul Gorman, CEO & Director, Powermax Minerals Inc.