CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with plans to assess the underground resource and exploit an above-ground stockpile at its Clayton Silver Project in Idaho. The historic mine, which operated between 1935 and 1986, produced silver, zinc, copper, lead, and gold. However, due to small-scale mining, the ore bodies were never fully mined, and material considered too low grade was left unprocessed, creating a stockpile that the company believes holds significant exploitation potential.
CMX plans to install an ore-sorting system on site to process the stockpile, which potentially holds 1,000,000 tons or more of mineralized material. Additionally, the company is implementing a work program that includes site preparation, geophysical surveys, drilling, and staking to help assess the full potential of the underground resource. These efforts aim to position CMX to capitalize on the growing demand for silver, which is widely used in electronics, water purifiers, photovoltaics, jewelry, and silverware.
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 (source). Mine production accounted for 846.6 million ounces, and the demand-supply deficit is projected to grow further. This represents an opportunity that CMX intends to exploit through its wholly owned U.S. subsidiary, which holds a 100% interest in the historic Clayton Silver Mine in the Bayhorse Mining District of Idaho.
Discovered in the late 1800s, the Clayton mine began operations in 1935 and continued until 1986, when low prices forced closure. Over 50 years, the operator mined an estimated 2,145,652 tons of ore. The unexplored mine and the existing stockpile present a unique opportunity for CMX to resume production with modern technology. The company's focus on ore sorting and systematic exploration could unlock value from both the stockpile and the underground resource.
For more information on CMX Gold & Silver Corp., visit the company’s newsroom at https://ibn.fm/CXXMF.
