CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is advancing exploration at its flagship Clayton Silver project in Idaho, with a focus on identifying multiple undiscovered veins within the property. The company believes that the geological setting of the deposit, a dolomite limestone formation uplifted during mountain building, likely contains other cracks where mineral-bearing geothermal fluids could have deposited silver and other metals.
The 1,028-acre property includes 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims. The Clayton mine was historically the most active underground mine in the district, producing silver along with lead, zinc, minor gold, and copper. However, the mine was only developed along a single vein because the small mill operation did not require additional ore. As a result, the company sees a high probability that other veins exist, as the geological processes that formed the known vein likely created similar structures elsewhere in the deposit.
“The mine once ranked as the most active underground mine in the district, producing silver, along with lead, zinc, minor gold, and copper. However, the Clayton mine was never fully explored. It was only mined along a single vein because no more ore was needed for the small mill operation. But the site represents a dolomite limestone deposit, uplifted when the mountains were formed. Geology suggests a high probability that there are other undiscovered cracks in the overall deposit, cracks into which geothermal fluids would have flowed and deposited minerals, just as they were in the original producing vein. As a result, the company sees it as highly improbable that the single partially mined vein was the only silver vein there,” according to the company's announcement.
The Clayton Silver Property comprises approximately 684 acres in Custer County, south-central Idaho. The mine was developed on eight levels to a depth of 1,100 feet below surface, with approximately 19,690 feet of underground development. Two major ore bodies, the South Ore Body and the North Ore Body, were partially mined. The company holds a 100% interest in the property.
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