Powermax Minerals Reports Phase 2 Stream Sediment Assay Results from Cameron Rare Earth Element Project, British Columbia

Core Insights - Powermax Minerals Inc. announced positive assay results from stream sediment samples collected during the Phase 2 exploration program at its Cameron Rare Earth Element (REE) Project in British Columbia, indicating significant rare earth element values across multiple drainage catchments [1][2]. Group 1: Assay Results - Phase 2 stream sediment sampling revealed anomalous values of light rare earth oxides (LREO), heavy rare earth oxides (HREO), and total rare earth oxides (TREO), confirming the effectiveness of stream sediment geochemistry for identifying REE mineralization [2][3]. - The assay results showed LREO ranging from 178.6 ppm to 47,980.5 ppm, HREO from 49.0 ppm to 9,537.3 ppm, and TREO from 227.7 ppm to 57,517.8 ppm, indicating a broad range of elevated values [10]. Group 2: Geological Implications - Several drainage systems exhibited coherent multi-element REE anomalies, suggesting proximal bedrock sources and highlighting priority target areas for further geological mapping, soil sampling, and potential trenching or drilling [3][4]. - The consistently high eTh/K ratios (>10) support the presence of Th-rich accessory minerals, indicating the likelihood of unexposed or under-sampled REE-bearing source rocks within the catchment [3]. Group 3: Company Overview - Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects, holding options to acquire multiple REE properties in British Columbia and Ontario, totaling approximately 3,439 hectares [8].