Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) has commenced high-resolution helicopter-borne geophysical surveys and field exploration programs at its Pinard and Hopkins rare earth element properties in Ontario. The airborne programs, conducted by Geo Data Solutions GDS Inc., will collect magnetic, radiometric spectrometric and VLF-EM data to identify geological structures, alteration patterns and radiometric anomalies prospective for REE mineralization.
The Pinard survey is planned to cover approximately 1,319 line-kilometres, while the Hopkins program will span approximately 1,623 line-kilometres across the Hopkins West and Hopkins East survey blocks. In parallel, Powermax has initiated field prospecting, geological mapping and sampling programs at both properties. The company stated that results from the geophysical surveys and field exploration will be integrated with existing geological information to prioritize targets for follow-up exploration.
CEO Paul Gorman said the combination of high-resolution geophysical data and field-based exploration is expected to provide a strong technical foundation for advancing the company’s Ontario REE portfolio and guiding the next phase of exploration. The company holds an option to acquire the Cameron REE Property in British Columbia, the Atikokan REE Property in NW Ontario, and the 5,178-hectare Pinard REE in Northern Ontario. It also owns a 100% interest in the Ogden Bear Lodge Project in Crook County, Wyoming.
According to the press release, the company’s focus on rare earth elements comes amid growing demand for these critical minerals used in permanent magnets, electric vehicles and renewable energy technologies. The exploration programs aim to identify and delineate REE resources that could help supply the green energy transition. For more details, visit the full press release.
Powermax Minerals is a Canadian mineral exploration company focused on advancing rare earth element projects. The company’s newsroom provides updates on its activities at PWMXF newsroom. The airborne surveys and field programs represent a significant step in advancing the company’s Ontario REE portfolio, potentially unlocking valuable mineralization in a region known for its mining history.
