CMX Gold & Silver Corp. is advancing the historic Clayton Silver Mine in Idaho, positioning the past-producing underground operation as its sole operational focus. The company holds a 100% interest in the project through its wholly owned U.S. subsidiary, allowing management to concentrate technical, financial, and strategic efforts on a single, well-documented silver system. The Clayton Silver Project has seen limited modern geophysical work or systematic exploration, leaving large portions of the mineralized system only partially mined or untested. Historical operators followed known mineralization to supply a relatively small mill and did not pursue broader resource definition or deeper targets during more than five decades of mining activity. This historical approach has left substantial exploration potential that CMX aims to evaluate with contemporary methods.
A significant aspect of the project is a surface stockpile estimated to exceed 1.0 million tonnes that has demonstrated significant grade enhancement through TOMRA X-Ray Transmission ore-sorting technology. This technological approach could potentially enhance the economic viability of the material already extracted from the mine. The project's location in Idaho represents a strategic advantage as a mining-friendly jurisdiction. The property benefits from patented claims with surface ownership rights, no government royalties, and minimal permitting requirements, which could streamline development timelines compared to projects in more restrictive regulatory environments.
Company leadership has aligned interests with long-term shareholders, as management, directors, and major supporting shareholders collectively hold a significant ownership position in CMX. This ownership structure creates financial incentives for leadership to pursue value creation through responsible development of the Clayton asset. The project represents an opportunity to apply modern exploration techniques to a historically productive silver system that was never systematically evaluated using contemporary geophysical or drilling methods during its initial operational period. Investors seeking additional information about company developments can access updates through the company's newsroom at https://ibn.fm/CXXMF.
