CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is directing its operational focus toward the advancement of the historic Clayton Silver Mine in Idaho. The company holds a 100% interest in the project through its wholly owned U.S. subsidiary, allowing management to concentrate technical, financial, and strategic efforts on this single, well-documented silver system. The property, located in Custer County, comprises approximately 684 acres, including the former Clayton silver-lead-zinc mine.
The Clayton Mine was mined for more than five decades but was never systematically explored using modern geophysical or drilling techniques. Historical operators followed known mineralization to supply a relatively small mill and did not pursue broader resource definition or deeper targets. This approach left substantial portions of the mineralized system only partially mined or entirely untested. 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, with two major ore bodies—the "South Ore Body" and the "North Ore Body"—only partially extracted.
CMX has compiled extensive historical records and mine data that now form the foundation for a modern reassessment of the property. This positions the asset as having significant remaining exploration potential. The company's news and updates are available in its newsroom at https://ibn.fm/CXXMF.
The implications of this focused effort are significant for the mining industry and investors. By applying contemporary exploration methodologies to a historically productive asset in a mining-friendly jurisdiction like Idaho, CMX aims to delineate resources that past operators overlooked. This strategy could potentially extend the mine's life, increase its economic viability, and contribute to the domestic supply of critical minerals like silver. The project's historical context provides a reduced greenfield risk, while the untested areas offer blue-sky potential for new discoveries.
For stakeholders, the concentration on a single asset streamlines capital allocation and operational execution, potentially de-risking the investment thesis. The broader market context, where demand for silver continues in industrial and investment sectors, underscores the importance of revitalizing past-producing mines with established infrastructure. Success at Clayton could demonstrate the value of modern data compilation and targeted exploration in mature mining districts, setting a precedent for similar projects. The full article discussing CMX as 'One to Watch' can be viewed at https://ibn.fm/M8l4n.
