Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.
- Canadian mineral exploration company Powermax Minerals has reported soil and rock sampling results indicating rare earth element mineralization at the Cameron REE Project in British Columbia.
- Soil samples returned Total Rare Earth Oxide (“TREO”) values ranging from 135 ppm to 2,840 ppm, outlining a mineralized corridor more than one kilometre long, with rock sampling returning values up to 741 ppm TREO, supporting the potential presence of REE-bearing bedrock.
- Results suggest REE mineralization associated with NYF-type pegmatites, a geological setting known to host rare earth deposits, and identify multiple areas for follow-up exploration and potential drilling.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company focused on critical rare earth elements, has reported encouraging early exploration results from its Cameron Rare Earth Element Project in British Columbia. Recent soil and rock sampling programs at the project have identified multiple areas of anomalous rare earth element mineralization associated with pegmatite systems, according to a company announcement (https://ibn.fm/oehFU).
The Cameron project is located roughly 40 kilometers south of Revelstoke in British Columbia, along Highway 23 near the Columbia River. The property spans approximately 2,984 hectares within the Kamloops Mining Division. Powermax recently conducted a soil geochemical survey across priority areas of the property. The program returned Total Rare Earth Oxide (“TREO”) values ranging from approximately 135 parts per million to 2,840 ppm, with an average value of about 340 ppm TREO. Several samples recorded anomalous values above 400 ppm TREO, and the highest sample reached 2,840 ppm TREO.
The results outlined a north–south trending corridor of elevated rare earth values extending for more than one kilometre. The anomalous zone coincides with mapped pegmatites and historically documented thorium-uranium mineralization associated with the Cameron (Jenkins) showing areas.
Clusters of the strongest anomalies occur within the Cameron REE 2 claim block, suggesting a potential bedrock source of rare earth mineralization beneath shallow overburden.
Follow-up prospecting programs focused on exposed pegmatite outcrops and mineralized float across the property. Surface rock sampling returned TREO values ranging from less than 36 ppm to 741 ppm TREO, with several samples exceeding 100 ppm TREO. The highest value recorded was 741 ppm TREO, while additional samples returned values between 526 ppm and 741 ppm TREO.
These anomalous rock samples cluster in areas along the Highway 23 corridor within the Cameron REE 3 claim block, as well as near the Cameron (Jenkins 1) showing.
The spatial relationship between soil anomalies and mineralized rock samples suggests the presence of rare earth-bearing pegmatite bodies in bedrock underlying the geochemical anomalies. Because the samples were selective grab samples, they are not considered representative of average mineralization grades across the property.
The exploration results point toward mineralization associated with NYF-type pegmatites, a class of pegmatites enriched in elements such as niobium, yttrium, fluorine and rare earth elements. These pegmatites occur within the broader Monashee geological terrane, a metamorphic and granitic region known to host pegmatitic intrusions and structurally controlled mineralization.
At Cameron, rare earth mineralization appears linked to shear zones and pegmatite intrusions enriched in both light rare earth elements (“LREE”) and heavy rare earth elements (“HREE”). According to the company, the correlation between soil anomalies, rock sampling results, and previously reported stream sediment results strengthens the exploration model for the project.
Management says the next phase of exploration will focus on identifying the underlying bedrock sources responsible for the surface geochemical anomalies. Future programs may include additional mapping, trenching, and drilling to test the most prospective targets.
Powermax’s Chief Executive Officer Paul Gorman reiterated the importance of the Cameron Property results by stating. “The strong correlation between soil geochemical anomalies and anomalous REE values from surface rock and previously reported stream sediment sampling indicates the potential for a pegmatite system prospective for REE mineralization on our property. Our upcoming exploration program will focus on defining the bedrock sources of these anomalies and advancing the most prospective targets toward drilling.”
Powermax’s exploration work comes as governments and industries are seeking alternative supply chains for rare earth elements used in advanced technologies. Rare earth elements are essential components in electric vehicle motors, wind turbines, electronics and defense systems.
Global demand for rare earth oxides is projected to rise significantly in the coming decade, driven in part by the electrification of transportation and expansion of renewable energy infrastructure.
At present, China controls a large share of global rare earth production and an even larger portion of processing capacity. This concentration has prompted Western governments to support the development of domestic or allied supply chains. In the United States, for example, federal initiatives under the Defense Production Act have directed more than $1 billion toward strengthening rare earth supply chains and supporting new production. Canadian projects are also viewed as potential contributors to future North American supply.
In addition to the Cameron project, Powermax Minerals Inc. holds exploration interests in several rare earth projects across North America. These include the Atikokan REE property in northwestern Ontario and the Pinard REE project in northern Ontario. The company also owns a 100% interest in the Ogden Bear Lodge Project in Wyoming.
For more information, visit the company’s website at www.PowermaxMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF
Exploration Target Cautionary Statement
The exploration targets discussed are conceptual, and there is currently not enough data to confirm a mineral resource. Further exploration may not yield successful results.
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