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CMX Gold & Silver Corp.

CMX Gold & Silver Corp.
Listing Exchange: 
CSE
Status: 
Active
Industry: 
Mining
Symbol: 
CXC
CSE Index: 
Currency: 

CMX Gold & Silver Corp. is advancing its 100%-owned Clayton Silver Mine, a past-producer situated in south-central Idaho, that operated for 50 years and has historically mined over two million tonnes of ore. The property has a stockpile of unprocessed rock estimated to be at least 1,000,000 tonnes. The Company successfully recovered concentrate from samples taken in 2022 from the stockpile. The  concentrate was produced by TOMRA Systems ASA's precision ore-sorting system in Sydney, Australia. The test recovered at least 70% of the metals in sorted product comprised of about 10% of the initial mass. Compared to average grades documented in the Company's 2014 stockpile evaluation program, assays confirmed ore-sorting increased the silver grade by 6.4 times to 5.02 oz/t, and  increased grades by 7 times for lead to 3.10% and zinc to 1.91%. When circumstances permit, the Company plans to install a custom TOMRA ore-sorting system on the Clayton property to process the stockpile. The timing of the ore-sorting project depends on when the system can be funded on terms acceptable to the Company.

Located approximately 30 km south-southwest of Challis in Custer County, central Idaho, the 1,028 acre property consists of 29 patented mining claims and two patented mills sites aggregating approximately 562 acres, and 20 unpatented mining claims adjacent to and surrounding the Company’s patented claims covering an additional 466 acres. The Clayton Silver Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development.  Two major ore bodies were partially mined: the “South Ore Body” and the “North Ore Body”.  The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985 (Hillman, Bob, M.S. Thesis, June 26, 1986, Eastern Washington University).  

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CMX Gold & Silver Corp. (CXC)

SEDAR Information

Company Info

Address
P.O.Box 74113, 148 - 555 Strathcona Blvd SW
Calgary, AB T3H 3B6
Canada
Phone
403-457-2697
Email
janalston@cmxgoldandsilver.com
Website
https://www.cmxgoldandsilver.com
Listing date
Thursday, December 11, 2014
Transfer Agent
Olympia Trust Company
Investor Relations
Robert d'Artois
Email
bobdartois@cmxgoldandsilver.com
Auditor
MNP LLP

Capitalization

Issued & Outstanding: 
69886224
Reserved for Issuance: 
19080500

Company Officers

Glen R. Alston, Chief Financial Officer
Jan M. Alston, President & CEO
James O'Sullivan, Corporate Secretary

Bulletins

24/11/2021

2021-1139 - Reinstatement – CMX Gold & Silver Corp. (CXC)

Le 24 novembre/November 2021

Effective immediately, CMX Gold & Silver Corp. will be reinstated for trading.

The Company has rectified the default situation that gave rise to the suspension.

____________________________

Avec effet immédiat, CMX Gold & Silver Corp. sera réintégré aux fins de négociation.

La Société a rectifié la situation de défaut ayant donné lieu à la suspension.