Powermax completes phase 2 fieldwork at Cameron

Executive Summary

• Powermax Minerals Inc. has completed Phase 2 fieldwork at its Cameron Rare Earth Element (REE) project in British Columbia, following up on Phase 1 results that confirmed light and heavy REE mineralization.
• The Phase 2 program involved systematic geological mapping, rock sampling, and extensive geochemical surveys, collecting 100 soil samples, 100 stream sediment samples, and 29 rock samples.
• Analytical results will be used to refine the geochemical model and delineate new priority drill targets for the next exploration phase.

Key Details

• Project Location: Cameron REE project, Kamloops mining division, British Columbia.
• Phase 2 Activities:
  • Geological mapping and systematic rock sampling.
  • Extensive geochemical surveys across priority areas.
  • Collection of 100 soil samples (B horizon, silty to sandy, 2-30 cm deep).
  • Collection of 100 stream sediment samples (classified river gravels and fine sediments sieved through No. 18 mesh).
  • Collection of 29 rock samples from exposures of gneissic and pegmatitic rocks, quartz-biotite gneiss, granitic outcrops, and carbonatite lenses.
• Analytical Scope:
  • Samples submitted to Agat Laboratories in Calgary, Alta.
  • Analysis includes the 201 to 380 metals package for rare-earth elements (REE).
  • Two rock samples selected for additional gold testing by fire assay.
  • One sample selected for graphite analysis.
• Geological Context:
  • Phase 1 confirmed light and heavy rare-earth mineralization within Monashee Group lithologies.
  • Mineralization associated with pegmatitic and gneissic units enriched in monazite, allanite, and xenotime.
  • Target lithologies include shear zones and structurally controlled pegmatitic intrusions enriched in both light (LREE) and heavy (HREE) elements.
• Next Steps: Data integration with previous geological and geophysical results to refine the geochemical model and define new drill targets.

Notable Quotes

• "The completion of our phase 2 fieldwork represents another important milestone for the Cameron project. The range of lithologies sampled and the systematic coverage of soils and sediments will provide a comprehensive data set to evaluate rare-earth element distribution patterns across the property. We look forward to the upcoming analytical results, which will guide our follow-up exploration and potential drill targeting." — Paul Gorman, CEO