Powermax Minerals Commences Phase 2 Exploration Program at the Cameron Rare Earth Element (REE) Project, British Columbia

Core Insights - Powermax Minerals Inc. has initiated its Phase 2 exploration program at the Cameron Rare Earth Element (REE) Project in British Columbia, following positive results from Phase 1 exploration [1][2]. Group 1: Phase 1 Results - Phase 1 exploration confirmed the presence of both light and heavy rare earth element mineralization across the property, with notable minerals including monazite, allanite, and xenotime [2]. - Total REE (TREE) values from the exploration ranged from 17 ppm to 1,943 ppm, while heavy mineral concentrates showed TREE values between 365 ppm and 7,561 ppm, indicating significant REE enrichment [6]. Group 2: Phase 2 Program Objectives - The Phase 2 program aims to conduct geological mapping and systematic rock sampling in both new and previously identified mineralized zones [6]. - Additional stream sediment and soil geochemical surveys will target untested drainages and low outcrop areas [6]. - The integration of geological, geochemical, and geophysical datasets will be performed using a GIS platform to refine and prioritize drill targets [6]. Group 3: Project Overview - The Cameron REE Project spans approximately 2,984 hectares and is located within the Monashee Group, known for hosting REE-bearing minerals [8]. - Mineralization at the site is associated with pegmatites, shear zones, and altered gneisses enriched in both light and heavy REEs [8]. Group 4: Company Insights - Paul Gorman, CEO of Powermax Minerals Inc., expressed optimism regarding the project's potential for significant value addition for shareholders, highlighting the favorable geological environment for REE mineralization [7].