Disseminated on behalf of CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) and may include paid advertising.
- CMX Gold & Silver Corp., advancing the historic brownfield Clayton Silver Mine in Idaho, expects 2026 to be its most important and transformative year yet.
- In March, the company acknowledged promising geological indicators that further validated its commitment to advancing operations at its Clayton Silver Project.
- The mine’s clearly positive geology, together with the fact that it was never fully tapped or even explored, points to the property’s waiting potential.
- To speed progress, the company has undertaken a non-brokered private placement financing for aggregate gross proceeds of up to C$2,000,000.
CMX (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is set to have 2026 as its best year yet. In March, CMX acknowledged important geological indicators that further affirmed its commitment to advancing operations at the project. Its promising geology and the fact that it has almost no historical exploratory or development drilling highlight the positive prospects of the property. The miners followed the one vein which supplied ample ore for the small mill. At 1,028 acres, 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims, the project has a focused, quality land position in place to realize that potential (https://ibn.fm/uqWF0).
Some highlights on the Clayton Silver project:
- The project is derisked. It’s a mine that operated for 60+ years. CMX doesn’t need to discover one.
- It was still in ore when shut down in 1986 because of low silver prices.
- It has quality geology as a carbonate replacement deposit (a “CRD”) with excellent potential for confirming other veins. CMX’s geologist thinks that the one vein mined so far is less than half-done.
- The mineralization is open to depth and to the north.
- The question for CMX isn’t: Will there be reserves? It’s: How big will the reserves be? With the potential of proving up significant in-ground reserves through drilling.
- The property is very accessible, with year-round operations in the mining friendly State of Idaho, one of the top mining jurisdictions in the world.
The company currently has a non-brokered private placement offering, for aggregate gross proceeds of up to C$2,000,000. The placement comprises up to 8,000,000 units of the company at C$0.25 a unit. Each unit sold consists of one common share of the company’s capital, paired with one common share purchase warrant exercisable for two years for one common share at C$0.40 a share. Proceeds from the offering will go toward a geophysical survey and an initial diamond-drilling program at the Clayton Silver Project.
Despite the many fluctuations in both gold and silver prices, the underlying forces supporting a continued long-term rise in value for both precious metals remain in place, driven by industrial demand, regulatory uncertainties, and global economic pressures on currencies. The research further projects that silver prices will average $81/oz in 2026, double their average the previous year (https://ibn.fm/yri2I).
For additional information, visit the company’s website at www.CMXGoldandSilver.com.
NOTE TO INVESTORS: The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF
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