CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is drawing attention as it advances the historic Clayton Silver Mine in Idaho, a past-producing underground operation with a long operating history and significant remaining exploration potential. The company holds a 100% interest in the project through its wholly owned U.S. subsidiary and has positioned the asset as its sole operational focus, allowing management to concentrate technical, financial, and strategic efforts on a single, well-documented silver system.
Clayton was mined for more than five decades but was never systematically explored using modern geophysical or drilling techniques. Historical operators followed known mineralization to supply a relatively small mill and did not pursue broader resource definition or deeper targets, leaving substantial portions of the mineralized system only partially mined or entirely untested. CMX has compiled extensive historical records and mine data that now form the foundation for a modern reassessment of the property.
The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and comprises approximately 19,690 feet of underground development. Two major ore bodies, including the “South Ore Body” and the “North Ore Body,” were partially mined. The company’s 100%-owned Clayton Silver Property is located in the mining-friendly state of Idaho, USA, and comprises approximately 684 acres in Custer County.
CMX is leveraging modern exploration techniques to evaluate the property’s full potential. The company’s focus on a single asset allows it to dedicate resources efficiently, which could accelerate the discovery of additional silver, lead, and zinc resources. The strategic importance of this project lies in the growing demand for silver, driven by industrial applications and investment demand, and the limited supply from new discoveries. By applying contemporary geophysical and drilling methods, CMX aims to define a resource that could support future mining operations.
For more details on the company’s progress, the full article is available at https://ibn.fm/M8l4n. Investors can also stay updated on the latest news and developments regarding CXXMF at the company’s newsroom: https://ibn.fm/CXXMF.
