Disseminated on behalf of CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) and may include paid advertising.
- CMX Gold & Silver Corp., an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is on track to execute a plan this spring for a comprehensive geophysical program at its flagship plant
- The geophysical program will include 3-D DCIP and MT surveys to delineate known structures on the property
- This follows the announced plan to undertake a non-brokered private placement financing to raise CAN$2,000,000 from the sale of 8,000,000 units at CAN$0.25 a unit
- For investors, it’s important to remember that this historic silver producing mine was never fully explored, with a geology that strongly suggests many undiscovered silver-bearing veins similarly formed
CMX Gold & Silver (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is set to execute a plan for a comprehensive geophysical program at its flagship plant. This follows the announcement that the company will undertake a non-brokered private placement financing to raise gross proceeds of up to CAN$2,000,000 through an offering comprising up to 8,000,000 units sold at CAN$0.25 per unit (https://ibn.fm/lk61Q).
The comprehensive geophysical program will include a 3-D Direct Current Induced Polarization (“DCIP”) survey and a Magnetotelluric (“MT”) survey to delineate known structures on the property. In addition, this program will work to identify the extensions of the partially mined ore body, identify potential new ore bodies, and evaluate deeper sources of mineralization, with follow-up drilling to test priority targets.
Historically, the Clayton Silver Mine has only been mined down a single vein, leaving the property essentially unexplored. Given its location in the Bayhorse Mining District of central Idaho (the property spans 1,028 acres, 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims), the consistent geology suggests multiple undiscovered veins in the overall deposit, veins in which minerals would have entered and been deposited just as they were in the original producing vein (https://ibn.fm/lk61Q).
For company 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
