CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with a plan to assess the underground resource and exploit an above-ground stockpile at its Clayton Silver Project in Idaho, the company announced. The historic mine, which produced silver, zinc, copper, lead, and gold between 1935 and 1986, was never fully mined due to the small scale of operations, leaving mined material at grades considered too low unprocessed and creating a stockpile that now represents significant exploitation potential.
The stockpile potentially holds 1,000,000 tons or more of mineralized material, and CMX plans to install an ore-sorting system on site to process it. Additionally, the company is implementing a work program that includes site preparation, geophysical survey, drilling, and staking to help assess the full potential of the underground resource. CMX, through its wholly owned U.S. subsidiary, holds a 100% interest in the Clayton Silver Mine in the Bayhorse Mining District of Idaho.
Discovered in the late 1800s, Clayton was operationalized in 1935, with production continuing through 1986, when low prices forced closure. During those five decades, the operator mined an estimated 2,145,652 tons of ore. The unexplored mine and the stockpile offer CMX a dual opportunity to generate cash flow from processing the stockpile while evaluating the underground resource for future development.
The timing is favorable, as silver demand continues to outpace supply. According to the Silver Institute’s World Silver Survey 2026, global silver demand reached 1.13 billion ounces in 2025, against a documented supply of 1.09 billion ounces (https://ibn.fm/iO2ky). Mine production accounted for 846.6 million ounces of the supply. The demand-supply deficit is projected to grow further, representing a market opportunity that CMX intends to exploit. Silver is widely used in industrial and non-industrial applications, from electronics, water purifiers, and photovoltaics to jewelry and silverware.
CMX’s strategy aligns with broader industry trends, as investors and companies seek to capitalize on the growing silver deficit. The company’s news and updates are available in its newsroom at https://ibn.fm/CXXMF.
