CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF), an exploration-stage company, is advancing exploration at its flagship Clayton Silver project in Idaho. The 1,028-acre property includes 29 patented mining claims, two patented mill sites, and 20 unpatented claims. The Clayton mine was historically the most active underground mine in its district, producing silver along with lead, zinc, minor gold, and copper. However, operations were confined to mining along a single vein, as the small mill operation did not require additional ore.
The company asserts that the site, a dolomite limestone deposit uplifted during mountain formation, likely contains other undiscovered fractures. Geological interpretation indicates a high probability that geothermal fluids flowed into these cracks, depositing minerals just as they did in the original producing vein. Consequently, CMX considers it highly improbable that the single, partially mined vein was the only silver-bearing structure present.
The Clayton Silver Property, 100%-owned by CMX, is situated in the mining-friendly state of Idaho. The property encompasses 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 the surface, comprising approximately 19,690 feet of underground development. Two major ore bodies, the ‘South Ore Body’ and the ‘North Ore Body,’ were partially mined historically.
For investors seeking the latest updates, news relating to CMX is available in the company’s newsroom at https://ibn.fm/CXXMF. The original press release detailing the exploration plans can be viewed at https://ibn.fm/w0D27. This announcement was disseminated on behalf of CMX Gold & Silver Corp. and may include paid advertising. The information was provided by Rocks & Stocks, a specialized communications platform within the IBN network that delivers insights into the mining industry. Full terms of use and disclaimers applicable to all content provided by Rocks & Stocks are available on their website at https://RocksAndStocks.news/Disclaimer.
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