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 historic mine, which operated between 1935 and 1986, produced silver, zinc, copper, lead, and gold, but due to small-scale mining, the ore bodies were never fully mined. Additionally, material with grades considered too low at the time was left unprocessed, creating a stockpile that the company believes holds significant exploitation potential.
The company plans to install an ore-sorting system on site to process the stockpile, which potentially contains 1,000,000 tons or more of mineralized material. CMX is also implementing a work program that includes site preparation, geophysical survey, drilling, and staking to help assess the full potential of the underground resource. This initiative comes as the global silver market faces a demand-supply deficit, with the Silver Institute’s World Silver Survey 2026 reporting demand of 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, and the deficit is projected to grow further.
The Clayton Silver Mine, discovered in the late 1800s and operational from 1935 to 1986, produced an estimated 2,145,652 tons of ore during its five decades of operation. The company holds a 100% interest in the project through its wholly owned U.S. subsidiary. By targeting both the unexplored underground resource and the existing stockpile, CMX aims to position itself to meet the increasing industrial demand for silver, which is used in electronics, water purifiers, photovoltaics, jewelry, and silverware.
The company’s strategy aligns with broader market trends, as silver’s diverse applications continue to drive consumption. With the projected growth in the demand-supply deficit, CMX intends to exploit the opportunity presented by its Clayton Silver Project. The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF.
