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APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% LOD 0.355 −9.0% SSE 0.090 +0.0% GEMG 1.75 +4.2% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.90 +11.1% NBY 0.087 −7.9% HBM 38.88 +1.2% SAGE 0.155 +6.9% NIM 0.740 +0.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% LOD 0.355 −9.0% SSE 0.090 +0.0% GEMG 1.75 +4.2% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.90 +11.1% NBY 0.087 −7.9% HBM 38.88 +1.2% SAGE 0.155 +6.9% NIM 0.740 +0.0%
Drill Results

Powermax Minerals Commences Phase 2 Exploration Program at the Cameron Rare Earth Element (REE) Project, British Columbia

By The Northwire Desk — AI Analysis Oct 28, 2025 · 06:01 PMAX · 0.95 Powermax Minerals Inc.
PMAX · Price

Executive Summary

  • Powermax Minerals announced the start of its Phase 2 exploration program at the Cameron Rare Earth Element (REE) Project in British Columbia.
  • Phase 2 will conduct geological mapping, systematic rock sampling, additional stream sediment and soil geochemical surveys, and GIS integration to refine drill targets over a 2‑3 week field campaign.
  • The program builds on Phase 1 results that demonstrated widespread light and heavy REE mineralization (TREE values up to 1,943 ppm; heavy concentrates up to 7,561 ppm).

Key Details

  • Phase 1 Highlights (referenced):
  • Total REE (TREE) values ranged from 17 ppm to 1,943 ppm.
  • Heavy mineral concentrate samples showed TREE values of 365 ppm‑7,561 ppm.

  • Both LREEs and HREEs were enriched across multiple lithologies, indicating presence of monazite, allanite, xenotime.

  • Phase 2 Objectives:

  • Conduct detailed geological mapping and systematic rock sampling on new and previously identified mineralized zones.
  • Perform additional stream sediment and soil geochemical surveys targeting untested drainages and low‑outcrop areas.

  • Integrate geological, geochemical, and geophysical data in a GIS platform to prioritize drill targets.

  • Fieldwork Schedule: Expected duration of 2‑3 weeks, contingent on weather conditions.

  • Project Scope: Cameron REE Project covers ~2,984 ha (three mineral claims) within the Kamloops Mining Division, situated in the Monashee Group known for REE‑bearing pegmatites, shear zones, and altered gneisses.

  • Qualified Person: Afzaal Pirzada, P.Geo., Director of Powermax Minerals, reviewed and approved technical information per NI 43‑101 standards.

  • CEO Comment (Paul Gorman): Emphasized early success and the potential for significant shareholder value as Phase 2 advances systematic project development.

Notable Quotes

“Our team is very encouraged by the early success at Cameron, which continues to demonstrate strong potential for both light and heavy rare earth mineralization in a favorable geological environment. The Phase 2 program represents another important step in systematically advancing the project that could add significant value for our shareholders.” – Paul Gorman, CEO & Director

Materiality Assessment: Material – Positive (the commencement of a structured Phase 2 exploration program following encouraging Phase 1 results is likely to be viewed as materially positive by investors).

Read the original news release →

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