Powermax Minerals Completes Airborne Survey at Atikokan REE Property

Powermax Minerals Inc. has successfully completed a high-resolution airborne geophysical survey at its Atikokan Rare Earth Element (REE) Property in northwestern Ontario. Conducted by Geo Data Solutions GDS Inc., the survey involved 1,409 line-kilometres of magnetic and gamma-ray spectrometric data acquisition, enhancing the company’s understanding of the geological framework in this area.

The survey utilized a Eurocopter Astar 350BA+ helicopter, which operated at an average terrain clearance of 44 metres. Flight lines were spaced at 50 metres with tie lines at 500 metres, ensuring detailed coverage for geological interpretation. All operations adhered to the standards set by Natural Resources Canada (NRCan) and the International Atomic Energy Agency (IAEA).

Survey Insights and Objectives

The primary goals of this survey were to refine structural and lithological interpretations, delineate magnetic trends, and identify areas with elevated signatures of potassium, thorium, and uranium. These signatures can indicate potential lithological changes or mineralized systems within the Atikokan metasedimentary belt.

According to GDS, the survey met all contract specifications. The magnetic noise levels remained within acceptable limits, while GPS positioning and drape-following performance exhibited high accuracy. Calibration of the gamma-ray spectrometry data yielded consistent and reliable results.

Post-survey, data processing was carried out using Geosoft Montaj and Praga NASVD software to enhance the signal-to-noise ratio, resulting in high-fidelity datasets. Deliverables from the survey include comprehensive digital databases, GeoTIFF maps, and a digital terrain model at a scale of 1:30,000 (NAD83 UTM Zone 15N). Powermax plans to integrate these results with existing geological, geochemical, and structural datasets to establish new exploration targets for follow-up fieldwork.

Management’s Perspective and Future Plans

Paul Gorman, CEO of Powermax Minerals Inc., expressed enthusiasm about the survey’s completion. He noted, “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.” The company is poised to integrate these geophysical findings with ongoing geological interpretations and ground follow-up efforts.

The next steps involve a thorough processing and interpretation of the magnetic and radiometric datasets alongside historical mapping and recent sampling results. This integrated methodology aims to guide subsequent exploration phases, which may include trenching and diamond drilling over identified anomalies.

The technical information in this release has been reviewed and approved by Afzaal Pirzada, P.Geo., a director of Powermax and a Qualified Person under National Instrument 43-101 regarding mineral projects.

Powermax Minerals Inc. continues to focus on advancing its rare earth element projects in Canada. The company holds an option to acquire the Cameron REE Property in British Columbia and has an interest in the Ogden Bear Lodge Project in Wyoming.

This announcement may contain forward-looking statements that reflect management’s expectations and assumptions. Readers are advised to exercise caution and not place undue reliance on these statements, as actual results may differ significantly. The Canadian Securities Exchange does not accept responsibility for the accuracy of this announcement.