CMX Gold & Silver Corp., an exploration-stage company trading as CSE: CXC and OTC: CXXMF, is advancing exploration at its flagship Clayton Silver project in Idaho. The 1,028-acre property holds 29 patented mining claims, two patented mill sites, and 20 unpatented claims. The Clayton mine was historically the most active underground mine in the district, producing silver along with lead, zinc, minor gold, and copper. However, it was only mined along a single vein to supply a small mill operation and was never fully explored.
The company asserts that the site represents a dolomite limestone deposit uplifted during mountain formation. This geology indicates a high probability of other undiscovered cracks in the overall deposit. Geothermal fluids likely flowed into these cracks, depositing minerals just as they did in the original producing vein. Consequently, CMX views it as highly improbable that the single partially mined vein was the only silver vein present. The property comprises approximately 684 acres in Custer County in south-central Idaho and includes the former Clayton silver-lead-zinc mine. The mine was developed on eight levels to a depth of 1,100 feet below surface, comprising about 19,690 feet of underground development. Two major ore bodies, the South Ore Body and the North Ore Body, were partially mined.
This exploration initiative is significant because it targets a historically productive yet underexplored asset in a mining-friendly jurisdiction. The potential for multiple veins could substantially increase the project's resource base, impacting the company's valuation and the regional mining economy. For investors and industry observers, the project's revival highlights ongoing opportunities in established mining districts where past operations may not have fully assessed geological potential. The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF. To view the full article, visit https://ibn.fm/w0D27.
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