Powermax Minerals Successfully Completes 2025 Field Program at Atikokan REE Property, Northwestern Ontario
MTIMTI(US:MTX) TMX Newsfile·2025-12-17 11:00

Core Insights - Powermax Minerals Inc. has successfully completed its 2025 field exploration program at the Atikokan Rare Earth Elements (REE) Property in northwestern Ontario, which included geological mapping, prospecting, radiometric surveys, and systematic geochemical sampling [1][2]. Exploration Program Overview - The exploration program involved the collection of 426 samples, including quality assurance and quality control (QA/QC) samples [2]. - The sampling included 251 soil samples, 10 sediment samples, and 165 rock samples [10]. Geological Mapping Results - Geological mapping identified three principal lithological domains: Block A (granodiorite to granite), Block B (gneissic tonalite), and Block C (dominantly gneissic tonalite) [3][4]. - Granitic and pegmatitic rocks are considered favorable for REE mineralization due to their association with late-stage magmatic systems [3]. Radiometric Survey Findings - Radiometric surveys indicated background levels in gneissic tonalite ranged from approximately 60 to 80 counts per second (cps), while granitic and pegmatitic units showed higher responses from 100 to 2,700 cps [11]. - Elevated cps values, particularly above 200-300 cps, are considered anomalous and warrant further geological and geochemical follow-up [11]. Airborne Geophysical Survey - A high-resolution helicopter-borne magnetic and radiometric survey has been completed, with the final interpretation report pending [6]. - The integration of this data with geological mapping and sampling results will help refine exploration targeting [6]. Exploration Implications - The combination of favorable host rocks, elevated radiometric responses, and structural complexity suggests that the Atikokan Property has geological characteristics associated with REE-prospective systems [7]. Management Commentary - The CEO of Powermax Minerals highlighted the completion of the field program as a significant milestone, generating a robust technical dataset for evaluating the property's REE potential [14].