CMX Gold & Silver Corp., an exploration-stage company trading as CSE: CXC and OTC: CXXMF, is progressing with exploration activities at its flagship Clayton Silver Project in Idaho. The 1,028-acre property encompasses 29 patented mining claims, two patented mill sites, and 20 unpatented claims. The Clayton mine, once the most active underground operation in the district, historically produced silver along with lead, zinc, minor gold, and copper.
The historical mining activity was confined to a single vein, as the small mill operation at the time did not require additional ore. However, the company's geological assessment indicates a high probability of undiscovered mineralized structures within the deposit. The site is a dolomite limestone deposit that was uplifted during mountain formation. This geological setting suggests that other cracks likely exist in the overall deposit. These fractures would have served as conduits for geothermal fluids to flow and deposit minerals, similar to the process that formed the original producing vein.
Consequently, CMX considers it highly improbable that the single, partially mined vein represents the only silver-bearing structure on the property. The company's 100%-owned Clayton Silver Property is located in Custer County in south-central Idaho, a region known for its mining-friendly regulatory environment. The property covers approximately 684 acres and includes the former Clayton silver-lead-zinc mine. The underground mine was developed on eight levels, reaching a depth of 1,100 feet below the surface, with approximately 19,690 feet of underground development. Historical mining partially extracted two major ore bodies known as the "South Ore Body" and the "North Ore Body."
The exploration initiative is significant for the mining sector as it targets a previously underexplored asset with established historical production. The potential for multiple veins could substantially increase the project's resource base, offering new economic opportunities in a stable mining jurisdiction. For investors and industry observers, the latest news and updates relating to CMX are available in the company's newsroom at https://ibn.fm/CXXMF. The exploration news was disseminated by Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which provides extensive distribution services. More information about the platform is available at https://RocksAndStocks.news, with full terms of use and disclaimers accessible at https://RocksAndStocks.news/Disclaimer.
