CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is advancing exploration at its flagship Clayton Silver project in Idaho, with a focus on identifying multiple undiscovered veins. The company's 1,028-acre property, located in Custer County, includes 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims. The Clayton mine was once the most active underground mine in the district, producing silver, lead, zinc, and minor gold and copper. However, the mine was only developed along a single vein because the small mill operation required no additional ore. The company now believes that the site's dolomite limestone deposit, uplifted during mountain formation, likely contains other mineralized cracks where geothermal fluids deposited minerals, similar to the original producing vein. As a result, CMX views it as highly improbable that the single partially mined vein was the only silver vein present.
The Clayton mine was developed on eight levels to a depth of 1,100 feet below surface and includes approximately 19,690 feet of underground development. Two major ore bodies, the South Ore Body and the North Ore Body, were partially mined. The company's exploration efforts aim to identify new vein systems within the property, leveraging geological data that suggests a high probability of additional mineralized structures. This approach could unlock significant value, as the property has not been fully explored despite its historical production.
For more details on the company's exploration strategy, the full article is available at https://ibn.fm/w0D27. CMX Gold & Silver Corp. is an exploration-stage company focused on advancing its 100%-owned Clayton Silver Property in Idaho. The property comprises approximately 684 acres in Custer County, including the former Clayton silver-lead-zinc mine. Investors can access the latest news and updates relating to CXXMF in the company's newsroom at https://ibn.fm/CXXMF.
This announcement is significant because it highlights the potential for multiple undiscovered veins at a historically productive site, which could substantially increase the resource base and economic viability of the project. The company's geological interpretation suggests that the Clayton mine's full potential has not been realized, offering a compelling exploration opportunity in a mining-friendly jurisdiction.
