CMX GOLD & SILVER CORP.
The common shares of the Company were listed on the Canadian Securities Exchange (“CSE”) on December 11, 2014.
The CSE is a cost-effective stock exchange for junior issuers. Recent announcements by the CSE indicate that the Exchange is gaining a bigger following in Canada. The CSE has announced several initiatives, including steps to facilitate trading by U.S.-based investors. Recently, major investment houses in Canada have given support to the CSE. For example, the Exchange announced that Scotia iTRADE® is now offering its clients online trade execution services for the CSE. Ned Goodman, a well-known mining investor and financier, is Deputy Chairman of the Exchange.
Clayton Mine Dump Sampling Program
In August, 2014, the Company collected a total of 96 samples from 19 locations on the mine dump located next to the old mine workings on the Clayton property. An aggregate of over 3,000 kilograms of sample material was processed. The objective of the sampling program was to investigate the economic potential of the mine dump material, which historically had been discarded before processing in the mill as it was considered not of high enough grade.
Results of the sampling program were significant. See the News Release dated March 31, 2015. The Mine Dump is estimated to contain up to 1,000,000 tonnes of material. Upon completion of a second phase sampling program and conditional on satisfactory results, CMX intends to proceed with a preliminary economic assessment (PEA) which, if positive, would support the economics of refurbishing the old mill with modern equipment as the first stage of reactivating the mine.
Change of Directors
Effective September 29, 2014, J. David Clements has been appointed to the Board of Directors. Mr. Clements is a professional geologist who brings broad business expertise to the Company. Prior to working in the oil patch, his initial training as a geologist was in the mining industry. Management is looking forward to working with Mr. Clements as the Company advances the Clayton Silver Property in Idaho.