CMX Set For Major 2026 Geophysical Survey And Drill Program On Historic Clayton Silver Mine

Core Viewpoint - CMX Gold & Silver Corp. plans to conduct a geophysical survey in spring 2026 at its Clayton Silver Project, aiming to assess resource potential and expand exploration efforts in the area [1][2][3]. Exploration Plans - The exploration programs for 2026 and beyond will focus on evaluating the resource potential within the former mine, which has historical mineralization that remains open along strike and depth [2]. - The company intends to utilize modern geophysical techniques to better understand the underground potential compared to past methods used when the mine was operational [3]. Geophysical Survey Details - The geophysical survey will cover patented mining claims to delineate known structures and identify potential new ore bodies, utilizing a 3-D Direct Current Induced Polarization Survey (DCIP) and a Magnetotelluric Survey (MT) [4]. - The DCIP survey will target depths from approximately 650 feet (200 m) to 2,300 feet (700 m), while the MT survey will evaluate deeper potential down to at least 6,000 feet (1,830 m) [4]. Diamond Drilling Program - Following the geophysical survey, the company plans to conduct a diamond drilling program to test priority targets, which may represent extensions of historical ore bodies [5]. - The management believes there is significant potential to expand the resource base of the Clayton Silver Mine, as little exploration has been conducted on adjacent properties [5]. Market Context - The company has delayed capital spending on the project until a positive change in commodity markets was observed, now seeing systemic supply issues in global silver markets positively impacting prices in 2025 [5]. - The demand-supply deficit in the silver market has been significant, with industrial demand surging, particularly for solar panel production [5]. Marketing Awareness Program - CMX has initiated a marketing awareness program to highlight the strategic significance of the Clayton Silver Property, including social media engagement and informational meetings with high net-worth investors [6][7]. - The property encompasses approximately 1,028 acres (416 hectares) in Idaho, including the former Clayton silver-lead-zinc mine, which was developed to a depth of 1,100 feet [7]. Historical Production Insights - The Clayton Mine recorded production of approximately 7 million ounces of silver and significant amounts of lead, zinc, and copper from an estimated 2.15 million tonnes of ore mined between 1934 and 1985 [9]. - Historical drilling results indicate the potential for high-grade mineralization extending below the historic workings, confirming the area's resource potential [8].