CMX GOLD & SILVER CORP. CMX Gold & Silver Corp. announced completion of its 2022 claims staking program surrounding its 100%-owned Clayton Silver Property in Idaho, USA. The Company surveyed and staked 22 lode claims on federal Bureau of Land Management land, adding approximately 450 acres to CMX's landholdings.
The staking has added significant prospective acreage to the Company's silver/lead/zinc project, bringing the total land position to 1,134 acres, a 66% increase in the area covered. Prior to staking the new claims, CMX's land position was comprised of 29 patented mining claims and 2 patented mill sites aggregating 565 acres, plus 6 lode claims aggregating 119 acres. The 22 new claims are adjacent to and surround the Company's patented claims and cover the historic Rob Roy mine immediately north of the Clayton patented claims. The Rob Roy mine produced silver, lead and zinc from several underground workings.
Limited information indicates the Rob Roy mine operated prior to the 1950's. CMX's comprehensive review of the historical geological data for the Clayton Mine suggests exploration potential for mineralized vein systems and deposits on the new claims, in addition to exploration prospects adjacent to the previously mined south and north ore bodies on the patented Clayton Mine claims. Mineralization on the Clayton Silver Property is open to the north, south and to depth, all of which is untested. Ore sorting testing results are pending for the Company's historic Clayton Mine stockpile, which is estimated to contain up to 1,000,000 tonnes of metal-bearing rock. The earlier 2014/15 evaluation program collected over 3,000 kilograms of sample material from 16 locations selected to ensure representative results.
Analysis of the samples confirmed the presence of gold in each sample. In particular, assays confirmed gold values up to 2.84 gm/t with an average of 0.80 gm/t for the 16 locations sampled. Statistical averages of the 16 locations for the mine stockpile sampling program were: gold - 0.80 gms/t; silver - 24.31 gms/t; lead - 0.44%; zinc - 0.27%.
