Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) has reported assay results from its Phase 2 stream sediment sampling program at the Cameron Rare Earth Element (REE) Project, located in the Kamloops Mining Division of British Columbia. The results revealed anomalous light rare earth oxides (LREO), heavy rare earth oxides (HREO), and total rare earth oxides (TREO) across multiple drainage catchments, with values ranging from 178.6 ppm to 47,980.5 ppm for LREO, 49.0 ppm to 9,537.3 ppm for HREO, and 227.7 ppm to 57,517.8 ppm for TREO. The company highlighted coherent multi-element anomalies and elevated eTh/K ratios, which indicate the presence of thorium-rich accessory minerals and suggest proximal upstream bedrock sources for the rare earth elements.
The results confirm that stream sediment geochemistry serves as an effective vectoring tool for identifying rare earth element mineralization at the Cameron Project. Powermax plans to integrate these findings with pending soil and rock sample datasets to define priority targets for follow-up exploration work, subject to permitting. The company views the Phase 2 results as a significant step toward advancing the project, which comprises three mineral claims totaling approximately 2,984 hectares.
Powermax Minerals is a Canadian mineral exploration company focused on advancing rare earth element projects. In addition to the Cameron Project, the company holds options to acquire the Atikokan REE Property in northwestern Ontario and the Pinard REE Property in northern Ontario, as well as a 100% interest in the Ogden Bear Lodge Project in Crook County, Wyoming. The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF.
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