Powermax Minerals Identifies High-Priority Ree Targets at Atikokan Project, Northwestern Ontario

Executive Summary

• Powermax Minerals released results of an integrated geoscientific interpretation for its Atikokan REE Property, identifying a well‑defined rare‑earth element (REE) corridor and strong REE anomalies in Blocks B and C.
• The study supports the launch of a new field program—including high‑resolution airborne surveys, detailed mapping, and systematic surface sampling—to validate targets and prioritize drill‑ready zones.
• Management expressed confidence that the combined desktop and upcoming field work will accelerate definition of specific exploration targets.

Key Details

• Study Scope: Integrated geological, geophysical (airborne magnetic, Bouguer gravity, radiometric), and geochemical (Ontario Geological Survey lake‑sediment) datasets across 9,416 ha (Blocks A‑C).
• Key Geologic Feature: REE enrichment corridor along the contact between the White Otter Batholith and the Dashwa Gneissic Suite.
• REE Anomalies – Blocks B & C: Total Rare Earth Element (TREE) values 254–1,947 ppm (mean ≈ 616 ppm); associated with low gravity, subdued magnetic susceptibility, elevated Th/K (> 4.5‑5.5) and Th/U (> 7.5‑8.5) ratios; defines a NE‑SW trending mineralized corridor.
• REE Anomalies – Block A: TREE values 339–1,111 ppm (mean ≈ 570 ppm); located within low‑gravity, low‑magnetic corridors inside the White Otter Batholith, indicating potential pegmatitic Th‑REE systems.
• Ongoing Exploration Program:
• High‑resolution airborne magnetic and radiometric surveys (≈ 100 m line spacing) currently underway to refine REE zone geometry.
• Detailed geological mapping and structural interpretation across the White Otter–Dashwa contact.
• Systematic surface rock and soil sampling targeting monazite, allanite, xenotime, fluorapatite.
• Integration of new field data with existing datasets to prioritize drill‑ready targets for subsequent phases.
• Future Work: Field results will be incorporated into an updated Atikokan REE exploration model to guide follow‑up drilling and resource definition.

Notable Quotes

“We are very encouraged by the progress at Atikokan,” said Paul Gorman, President and CEO of Powermax Minerals Ltd. “The desktop study provided a strong scientific basis for identifying REE‑enriched corridors, and our active field program is now expanding on those findings.”