Atikokan (Ontario) - Powermax Minerals

ATIKOKAN REE PROJECT

PROJECT OVERVIEW

Location: Ignace–Atikokan area, NW Ontario.

Target Deposit Type: Potential district-scale REE–Nb–Y–F pegmatites (high REE, Y, Th, Nb).

Access:

Highway 622 and secondary forestry roads.
Good logistical infrastructure near Atikokan.

445 claims distributed over 3 blocks totaling 7,120 hectares

Block A = 134 claims totaling 2,144 hectare

Block B = 128 claims totaling 2,048 hectare

Block C = 183 claims totaling 2,928 hectare

GEOLOGICAL POTENTIAL

Lake Sediment Geochemistry (carried out by Province of Ontario Geological Survey (OGS):

Province-wide dataset: 48,367 samples.
26 samples >500 ppm pTREE (99.95 percentile),
9 located in White Otter target area.
Targets are in the >95th percentile REE anomalies (up to >99th percentile in multiple samples).

Pathfinder Elements: High anomalies in Be, Pb, Th, Nb, Y, Zr across blocks.

Magnetics & Radiometrics:

REE anomalies often at batholith margins and zones of reduced magnetic response (possible fractionation).
Elevated eU (uranium) and eTh (thorium) correlate with REE-rich lake sediment anomalies.

Block A falls within the White Otter Batholith whereas Blocks B and C are within a 5km buffer of the White Otter Batholith.

Source: Dyer, R.D. (1999). Lake sediment and water geochemical data from the Atikokan–Lumby Lake area; northwestern Ontario. Ontario Geological Survey, Miscellaneous Release-Data, MRD043

TARGET BLOCK HIGHLIGHTS

Block B

Numerous >99%ile REE anomalies and overlimit Ce/La values.
Multiple Be, Pb, Th, Nb, Y anomalies.
Potential pegmatite zones identified via satellite imagery, particularly in recently logged areas.

Block C

High REE anomaly density near batholith margins.
Similar supporting pathfinder element anomalies as Block B.
Previously logged terrain aiding outcrop exposure.

Block A

Six >99%ile REE anomalies.
Multiple mapped and unmapped pegmatites (confirmed by satellite data).
Strong Be, Pb, Th, Zr, Y anomalies.

Source: J.E. Jackson (2003) Lake Sediment Geochemical Data from the Ignace Survey Area, Northwestern Ontario, MRD118

Key Exploration Advantages

High-Grade Targets: Multiple overlimit REE samples (Ce + La) suggest exceptional enrichment potential.

District-Scale Potential: REE anomalies spread across a wide area indicating a large mineralized system.

Strong Geological Indicators:

Association with pegmatitic intrusives in the White Otter Batholith.
Alignment of REE, pathfinder metals, and radiometric anomalies.

Investment Advantages

High Geological Probability: Multiple data layers (lake sediments, radiometrics, magnetics) point to REE-rich pegmatites.

Strategic Location: Strategic Tier-1 mining-friendly jurisdiction with world class infrastructure and strong local support.

Eligible for Canadian tax credits and federal funding aimed at securing domestic supply of critical minerals.

Source: J.E. Jackson (2003) Ignace Area High Density Regional Lake Sediment Geochemical Survey, Northwestern Ontario, OFR6106