CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with a plan to assess the full potential of its Clayton Silver Project in Idaho, a historic mine that produced silver, zinc, copper, lead, and gold between 1935 and 1986. The company intends to install an ore-sorting system on site to process a stockpile of mineralized material, which potentially holds 1,000,000 tons or more. Additionally, CMX is implementing a work program that includes site preparation, geophysical survey, drilling, and staking to help evaluate the underground resource.
The Clayton property, discovered in the late 1800s, was operational from 1935 until 1986, when low prices forced closure. During that period, the operator mined an estimated 2,145,652 tons of ore. However, due to the small scale of mining operations, the ore bodies were never fully mined, and material at grades considered too low was left unprocessed, creating the stockpile. This stockpile and the unexplored mine represent significant exploitation potential for the company.
The move comes at a time when silver demand is outpacing supply. According to the Silver Institute’s World Silver Survey 2026, demand for silver reached 1.13 billion ounces in 2025, against a documented supply of 1.09 billion ounces. Mine production accounted for 846.6 million ounces. The demand-supply deficit is projected to grow further, representing an opportunity that CMX intends to exploit.
CMX, through its wholly owned U.S. subsidiary, holds a 100% interest in the Clayton Silver Mine, located in the Bayhorse Mining District of Idaho. The company’s plan to install an ore-sorting system is aimed at economically processing the stockpile, which could provide a near-term revenue stream while longer-term exploration of the underground resource continues. The work program is designed to help delineate the extent of the mineralization and support future mining operations.
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