CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is on track to execute a comprehensive geophysical program this spring at its flagship property. The program will include 3-D Direct Current Induced Polarization (DCIP) and Magnetotelluric (MT) surveys to delineate known structures and identify extensions of the partially mined ore body, as well as potential new silver-bearing veins.
This initiative follows the company's announcement of a non-brokered private placement financing to raise gross proceeds of up to CAN$2,000,000 through the sale of up to 8,000,000 units at CAN$0.25 per unit (https://ibn.fm/lk61Q). The funds will support the geophysical program and other exploration activities.
The Clayton Silver Mine, a historic silver producer, has never been fully explored, and its geology strongly suggests the presence of many undiscovered silver-bearing veins formed similarly to those previously mined. The upcoming surveys aim to unlock this potential by providing detailed subsurface imaging.
Investors should note that the company's focus on advanced geophysical techniques, such as 3-D DCIP and MT surveys, represents a modern approach to exploring a historically productive but underexplored asset. The results could significantly enhance the understanding of the mineralized system at Clayton and guide future drilling.
For ongoing updates, the company maintains a newsroom at https://ibn.fm/CXXMF.
