Powermax completes magnetic survey at Atikokan

Executive Summary

• Powermax Minerals Inc. has completed a high-resolution helicopter-borne magnetic and radiometric survey over its Atikokan rare earth element (REE) property in Northwestern Ontario.
• The survey covered 1,409 line kilometres with tight spacing (50m flight lines, 500m tie lines) to refine structural and lithological interpretations and identify potential mineralized systems.
• The company plans to integrate this new geophysical data with historical geological and geochemical datasets to define new exploration targets for future trenching and diamond drilling.

Key Details

• Survey Scope: 1,409 line kilometres of high-resolution magnetic and gamma-ray spectrometric data acquisition.
• Survey Method: Helicopter-borne survey using an Eurocopter Astar 350BA+ with an average terrain clearance of 44 metres.
• Line Spacing: Flight lines spaced at 50 metres; tie lines at 500 metres.
• Standards Compliance: Data acquisition, calibration, and processing met specifications of Natural Resources Canada (NRCan) and International Atomic Energy Agency (IAEA) airborne gamma-ray spectrometry standards.
• Primary Objectives: Refine structural/lithological interpretations, delineate magnetic trends, and identify zones of elevated potassium, thorium, and uranium signatures.
• Data Quality: Magnetic noise levels were within acceptable limits; GPS positioning and drape-following performance were high accuracy; gamma-ray spectrometry calibration yielded consistent results.
• Deliverables: Full digital databases, GeoTIFF maps, and a digital terrain model at 1:30,000 scale (NAD83 UTM Zone 15N).
• Software Used: Geosoft Montaj and Praga NASVD for postflight processing to enhance signal-to-noise ratio.
• Next Steps: Comprehensive processing and interpretation of data to guide the next phase of exploration, including potential trenching and diamond drilling over prospective anomalies.
• Qualified Person: Afzaal Pirzada, PGeo, Director of the company, reviewed and approved the technical information under National Instrument 43-101.

Notable Quotes

• "Completion of this high-resolution airborne survey marks a major step forward in advancing our Atikokan REE property. The quality of the data is excellent and will allow us to enhance our understanding of the structural framework that controls mineralization in this underexplored part of the Atikokan metasedimentary belt. We look forward to integrating these geophysical results with ongoing geological interpretation and ground follow-up work." — Paul Gorman, Chief Executive Officer