Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) has announced assay results from Phase 2 stream sediment sampling at its Cameron Rare Earth Element Project in the Kamloops Mining Division of British Columbia. The results returned anomalous light rare earth oxides (LREO), heavy rare earth oxides (HREO), and total rare earth oxides (TREO) across multiple drainage catchments, with values ranging from 178.6 ppm to 47,980.5 ppm for LREO, 49.0 ppm to 9,537.3 ppm for HREO, and 227.7 ppm to 57,517.8 ppm for TREO.
The assays also revealed coherent multi-element anomalies and elevated eTh/K ratios, which indicate the presence of thorium-rich accessory minerals and suggest proximal upstream bedrock sources. The company stated that these results confirm stream sediment geochemistry as an effective vectoring tool for rare earth element exploration. The data will be integrated with pending soil and rock sample datasets to define priority targets for follow-up work, subject to permitting.
The Cameron REE Project comprises three mineral claims totaling approximately 2,984 hectares. Powermax Minerals is also advancing other rare earth element projects, including the Atikokan REE Property in NW Ontario (455 unpatented mining claims), the Pinard REE Property in Northern Ontario (5,178 hectares), and the 100%-owned Ogden Bear Lodge Project in Crook County, Wyoming. These holdings underscore the company's focus on becoming a significant player in the rare earth element sector.
The full press release is available at https://ibn.fm/4HRHM. For the latest news and updates relating to PWMXF, visit the company's newsroom at https://ibn.fm/PWMXF.
