CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with a plan to evaluate the underground resource and exploit the above-ground stockpile at its Clayton Silver Project in the Bayhorse Mining District of Idaho. The company, through its wholly owned U.S. subsidiary, holds a 100% interest in the historic mine, which produced silver, zinc, copper, lead, and gold between 1935 and 1986.
Due to the small scale of mining operations historically, the Clayton ore bodies were never fully mined. Additionally, material with grades considered too low at the time was left unprocessed, creating a stockpile that now represents significant exploitation potential. CMX plans to install an ore-sorting system on site to process the stockpile, which potentially holds 1,000,000 tons or more of mineralized material. The company is also implementing a work program that includes site preparation, geophysical survey, drilling, and staking to assess the full potential of the underground resource.
The timing of this initiative aligns with a favorable market environment for silver. According to the Silver Institute’s World Silver Survey 2026, demand for silver reached 1.13 billion ounces in 2025 against a supply of 1.09 billion ounces, with mine production accounting for 846.6 million ounces. This demand-supply deficit is projected to grow further, representing an opportunity that CMX intends to exploit. Silver is widely used in industrial and non-industrial applications, from electronics, water purifiers, and photovoltaics to jewelry and silverware.
The Clayton mine was discovered in the late 1800s and operationalized in 1935. Over five decades, the operator mined an estimated 2,145,652 tons of ore before low silver prices forced closure in 1986. The unexplored portions of the mine and the stockpile offer a chance to bring additional silver to market. For more information, visit the company’s newsroom at https://ibn.fm/CXXMF.
This press release was disseminated on behalf of CMX Gold & Silver Corp. and may include paid advertising. MiningNewsWire is a specialized communications platform focused on the global mining and resources sectors. For more information, visit https://www.MiningNewsWire.com.
