CMX GOLD & SILVER CORP.
Copyright 2016 © CMX GOLD & SILVER CORP. All rights reserved.
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Listed on the Canadian Securities Exchange ("CSE") under the symbol "CXC". Trading on the OTC Markets in the U.S under the symbol "CXXMF".
CMX Gold & Silver Corp. is working to reactivate its 100%-owned Clayton Silver-Lead-Zinc Mine in southeastern Idaho, U.S.A. The Clayton Silver Property is comprised of approximately 276 ha (684 acres) covering 29 patented and 6 unpatented mining claims in Custer County in mining-friendly Idaho, and includes the former producing Clayton silver-lead-zinc-copper mine with over 5,000 m of underground workings and development on eight levels. The registered office of CMX is located at 3700, 400 - 3rd Avenue S.W., Calgary, Alberta, T2P 4H2. CMX is a reporting issuer in each of the provinces of British Columbia, Alberta, Saskatchewan and Ontario. The Company’s subsidiary, CMX Gold & Silver (USA) Corp., is wholly-owned and was incorporated in the State of Idaho.
The Clayton Silver Property contains the old Clayton Silver Mine which operated steadily for 30 years until 1986, at which time the operation was shut down because of low commodity prices, but still in mineralization. The mine produced silver, lead and zinc, plus smaller amounts of copper and minor gold. Historical production records to 1986 indicate aggregate recovery of 7,031,110 Troy ounces of silver, 86,771,527 pounds of lead, 28,172,211 pounds of zinc, 1,664,177 pounds of copper, and minor amounts of gold from approximately 2,145,000 tonnes of ore. The old mine workings extended to a depth of 1,100 feet, but earlier drilling indicated that the mineralization likely extends at least 427 feet deeper than the 1,100 feet level. The mineralization is open to depth which suggests significant potential for the Clayton Silver Property. The strike length of the mined zone averages 410 feet with variable width due to the nature of the replacement. A comprehensive review of the historical information has been interpreted to suggest potential for identification of additional mineralized bodies east and west of the existing underground workings, representing lateral offsets of mineralization mapped underground, to greater depth below both the South Ore Body (speculative) and North Ore Body (documented), and north and south of the host faults. Historical production information, which is found in a Master's Thesis prepared by B. Hillman written in 1986, is not NI 43-101 compliant, but CMX and the Company's Qualified Person, consider this information to be reliable.