CMX Gold & Silver Corp. has expanded its marketing and investor awareness program focused on the company and its 100%-owned Clayton Silver Project in Idaho through a one-year corporate communications agreement with IBN. Under the agreement, IBN will act as an independent contractor and provide investor awareness and communications services for a base fee of $3,000 per month, or $36,000 for the one-year term, with the potential for additional fees related to supplemental services. CMX said the expanded outreach is intended to increase visibility as the company advances exploration planning at the Clayton Silver Project, its flagship asset in the Bayhorse Mining District of central Idaho.
The Clayton Silver Property comprises approximately 684 acres in Custer County in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development. Two major ore bodies were partially mined: the South Ore Body and the North Ore Body. The property's significant potential is demonstrated in hole 1501-A, drilled in the mid-1960's, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of 4.07 oz Ag/t, 5.75% lead and 5.37% zinc, though the true width is unknown.
The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985 according to a 1986 thesis by Bob Hillman at Eastern Washington University. The company is planning work programs in 2025 and extending over the next several years to assess the resource potential within the structures related to the previously mined sections and to expand the search to determine the potential for other mineralized zones in adjacent structures. This will entail detailed geophysical work and multiple drill programs. CMX has concluded that very little geophysics was done on the property historically.
The expanded investor awareness program comes through IBN, which operates MiningNewsWire as one of 75+ brands within its Dynamic Brand Portfolio. MiningNewsWire is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. The latest news and updates relating to CMX are available in the company's newsroom at https://ibn.fm/CXXMF. Full terms of use and disclaimers applicable to all content provided by MiningNewsWire are available at https://www.MiningNewsWire.com/Disclaimer.
