CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is progressing with exploration at its flagship Clayton Silver project in Idaho, focusing on the potential for multiple undiscovered veins. The company holds a 1,028-acre property comprising 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims. The Clayton mine, once the most active underground mine in the district, produced silver along with lead, zinc, minor gold, and copper. However, operations were limited to a single vein because the small mill required no additional ore. According to the company, the deposit is a dolomite limestone formation that was uplifted during mountain formation. Geological evidence suggests a high probability of other fractures in the overall deposit where geothermal fluids could have deposited minerals, similar to the original producing vein. CMX considers it highly improbable that the single partially mined vein was the only silver vein on the property.
The company's 100%-owned Clayton Silver Property is located in Custer County, south-central Idaho, a mining-friendly jurisdiction. The property includes the former Clayton silver-lead-zinc mine, which was developed on eight levels to a depth of 1,100 feet below surface and comprises approximately 19,690 feet of underground development. Two major ore bodies—the South Ore Body and the North Ore Body—were partially mined. The current exploration efforts aim to identify additional vein systems that may have been overlooked historically. As part of its strategy, CMX is analyzing geological data and conducting field studies to target potential new mineralized zones. The company believes that systematic exploration could unlock significant value by expanding the resource base beyond the known veins.
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