Cameron (British Columbia) - Powermax Minerals

CAMERON REE PROJECT

PROJECT OVERVIEW

Location: Kamloops Mining Division, British Columbia.

Target Deposit Type: NYF granitic pegmatites interlayered with biotite-quartz-feldspar gneiss, Be, Sn, B, Nb > Ta, Ti, Y, REE’s: Zr, Th, U, Sc, and F.

Access:

30 km south of Revelstoke, BC, and Trans Canada Highway 1. Highway 23 traverses the center of the property.
Good logistical infrastructure in Revelstoke, Sicamous, Chase and Kamloops.

3 contiguous mining claims totaling 2,984 hectares

GEOLOGICAL POTENTIAL

Phase 1 Exploration Program was designed based on recommendations outlined in the Company’s NI 43-101 Technical Report and comprised prospecting, geological mapping, soil and rock sampling and geophysical surveys.

Follow-up prospecting, mapping, and sampling in areas of elevated radioactivity and REE concentrations identified through historical and 2023 exploration activities.
Ground geophysical surveying focused on three high-priority Areas of Interest (AOIs), designated T1, T2, and T3, characterized by strong magnetic responses and apparent conductivity within mafic granitic-gneissic rocks.
Extension of geophysical surveys.
Systematic prospecting and sampling across parallel radiometric anomalies and high-radioactivity zones identified in 2023 airborne surveys.
Geological mapping and sampling across broad target areas.

Source: NI43-101 Technical Report on the Cameron REE Property, Kamloops Mining Division British Columbia for Powermax Minerals Inc, January 19, 2024

Phase 1 Exploration Program

Collection of a total of 105 grab and chip rock samples and 13 sediment samples.
Expansion of geophysical grid surveys to define the extent of previously identified exploration targets.
Representative sampling of all dominant rock types to help determine geological controls on REE mineralization, with scintillometer readings taken at each site.
Collection of sediment samples from tributaries and bars along Cranberry Creek, where historical reports suggested the presence of radiometric anomalies, to assess potential for placer-style REE mineralization.
Recognition of Monashee Group lithologies favorable for REE mineralization, hosting granitic and pegmatitic intrusions and high-grade metamorphic rocks.

Source: NI43-101 Technical Report on the Cameron REE Property, Kamloops Mining Division British Columbia for Powermax Minerals Inc, January 19, 2024

Phase 1 Exploration Highlights

Rock Sample data shows a total REE (TREE) values are in the range 12.46 parts per million (ppm) to 1,426.83 ppm with an overall average of 373.27 ppm.
Cerium in rock samples range up to 601 ppm and is the most prominent REE element from rock samples collected.
Among other elements, barium reported in the range of 570 to 890 ppm, cobalt 5.75 to 26.8 ppm, and zircon 14 to 99.7 ppm.
Soil samples show overall REE values are in the range of 146.79 to 341.95 ppm.
Multiple drill targets identified from phase 1 exploration carried out by Powermax in 2024.

Investment Advantages

High Geological Probability: Historic exploration shows potential REE, niobium and other mineralization.

Strategic Location: In a mining-friendly jurisdiction with established infrastructure.

Source: NI43-101 Technical Report on the Cameron REE Property, Kamloops Mining Division British Columbia for Powermax Minerals Inc, January 19, 2024