Powermax starts exploration program at Atikokan

Executive Summary

• Powermax Minerals Inc. has officially commenced its 2025 exploration program at the Atikokan property in Northwestern Ontario, focusing on rare-earth elements (REEs) and critical metals.
• The property covers approximately 7,120 hectares across three claim blocks (A, B, and C) and is situated in a prospective rare-metal corridor within the Superior Province, known for hosting pegmatites and mineralization including REEs, uranium, thorium, and niobium.
• Phase 1 of the program is scheduled to last four to six weeks and will establish the technical foundation for prioritizing targets and designing follow-up exploration activities in 2026.

Key Details

• Property Location and Size: The Atikokan property is located in the Atikokan-Ignace-White Otter Lake district of Northwestern Ontario and comprises three claim blocks (A, B, and C) totaling approximately 7,120 hectares.
• Geological Context: The property is underlain by Archean granodiorite-granite, tonalite, diorite-monzodiorite, and gneissic complexes known to host pegmatites and rare-metal mineralization. Regional geochemical and radiometric data from the Ontario Geological Survey have identified lake sediment anomalies that are the focus of this work.
• Phase 1 Exploration Activities:
  • Desktop Data Compilation and GIS Modelling: Integration of historical geological, geophysical, and geochemical datasets to refine target areas using advanced spatial and radiometric analysis.
  • Field Prospecting and Geological Mapping: Conducted across the three blocks to identify and characterize pegmatite zones, mineralized structures, and alteration patterns.
  • Geochemical Sampling:
    • Rock Sampling: 100 to 150 samples from pegmatite and alteration zones.
    • Soil Sampling: Approximately 350 samples collected in grid patterns.
    • Stream Sediments: 20 to 50 samples from catchment areas draining favorable lithologies.
  • Radiometric Surveys: Field measurements using handheld scintillometers to detect radiometric and pathfinder element anomalies.
• Timeline: Fieldwork will be conducted over a period of four to six weeks, contingent on terrain and weather conditions.
• Strategic Goal: The program aims to confirm regional geochemical trends, delineate potential mineralized zones, and prepare for detailed follow-up work, including trenching and geophysics, in 2026.
• Qualified Person: The technical information was reviewed and approved by Afzaal Pirzada, PGeo, a director of the company and a qualified person under National Instrument 43-101.

Notable Quotes

• "We are excited to launch our exploration program at Atikokan, a property that holds potential for rare-earth and critical metals within a promising geological corridor. This initiative aligns with our commitment to advancing projects that contribute to North America's critical minerals supply chain and the global transition to clean energy." — Paul Gorman, Chief Executive Officer