Powermax Minerals outlines REE anomalies at Atikokan

Executive Summary

• Powermax Minerals Inc. has released results from an integrated geoscientific desktop study of its Atikokan Rare Earth Element (REE) property in Northwestern Ontario, identifying high-priority exploration targets across 9,416 hectares.
• The study delineated a significant REE corridor along the White Otter batholith-Dashwa gneissic suite contact, with Block B and C showing strong TREE anomalies (254–1,947 ppm) and Block A showing localized potential (339–1,111 ppm).
• The company has initiated a new phase of exploration including high-resolution airborne surveys, detailed geological mapping, and systematic surface sampling to validate targets and prepare for future drilling.

Key Details

• Property Location & Size: Atikokan REE property, located ~35 km northwest of Atikokan, Ont., covering 9,416 hectares across Blocks A, B, and C in the Thunder Bay mining district.
• Study Methodology: Integrated geological, geophysical (airborne magnetic, Bouguer gravity), and geochemical (OGS deep lake-sediment) data sets conducted by Shahab Tavakoli, PGeo.
• Block B & C Results:
  • Total Rare Earth Element (TREE) values ranging from 254 to 1,947 ppm (mean 616 ppm).
  • Anomalies coincident with low gravity, subdued magnetic susceptibility, and elevated Thorium/Potassium (>4.5–5.5) and Thorium/Uranium (>7.5–8.5) ratios.
  • Interpreted as a northeast-southwest-trending mineralized corridor hosting phosphate-bearing, metasedimentary-hosted REE systems linked to calc-alkaline granitic magmatism.
• Block A Results:
  • TREE values ranging from 339 to 1,111 ppm (mean 570 ppm).
  • Located within the interior of the White Otter batholith along low-gravity, low-magnetic corridors.
  • Reflects structurally controlled hydrothermal alteration zones and potential small-scale thorium-REE-bearing pegmatitic systems.
• Active Exploration Program:
  • High-resolution airborne magnetic and radiometric surveys (≤100-metre line spacing) currently underway to refine REE-bearing zone geometry.
  • Detailed geological mapping and structural interpretation across the White Otter-Dashwa contact zone.
  • Systematic surface sampling (rock and soil) to confirm REE-bearing phases including monazite, allanite, xenotime, and fluorapatite.
  • Integration of new field data to prioritize drill-ready targets.
• Qualified Person: Afzaal Pirzada, PGeo, Director of the company.

Notable Quotes

• "We are very encouraged by the progress at Atikokan... The desktop study provided a strong scientific basis for identifying REE-enriched corridors, and our active field program is now expanding on those findings. The integration of ground observations, geochemical assays and high-resolution geophysics will allow us to rapidly advance toward defining specific targets for detailed follow-up exploration." — Paul Gorman, President and CEO