CMX Set For Major 2026 Geophysical Survey And Drill Program On Historic Clayton Silver Mine

Executive Summary

• CMX Gold & Silver Corp. announced a spring 2026 geophysical survey (3‑D DCIP and Magnetotelluric) on its 100% owned Clayton Silver Project in Idaho to delineate existing structures and identify new ore bodies.
• Results from the survey will guide a forthcoming diamond drilling program targeting extensions of historic ore zones and potential adjacent vein systems.
• The company launched a marketing awareness initiative aimed at high‑net‑worth investors, citing favorable silver market fundamentals and the opportunity to expand the resource base.

Key Details

• Survey Scope: 3‑D Direct Current Induced Polarization (DCIP) targeting depths of ~650 ft–2,300 ft; Magnetotelluric (MT) survey reaching ≥6,000 ft.
• Purpose: Generate detailed subsurface data to prioritize drill targets and model resistivity signatures of primary mineralization.
• Planned Follow‑up: Diamond drilling program to test priority geophysical targets, including extensions of the historic “South Ore Body” and “North Ore Body.”
• Historical Context: Minimal prior geophysics/drilling; hole 1501‑A (mid‑1960s) intersected 22 ft of high‑grade mineralization at 1,425 ft depth (4.07 oz Ag/t, 5.75% Pb, 5.37% Zn).
• Resource Potential: Historic production ~7 M oz Ag from 2.15 M t ore (1934‑1985); company believes actual historic tonnage was higher, indicating a sizable unrecorded resource.
• Market Rationale: Silver price uplift in 2025 driven by supply deficit and rising industrial demand (e.g., solar panels). Company aims to avoid shareholder dilution by timing capital deployment with market conditions.
• Marketing Awareness Program: Initiated under financial consultants’ guidance; includes social‑media outreach and informational meetings with high‑net‑worth investors.

Notable Quotes

“Modern geophysical techniques will provide a better understanding of the underground potential compared to forty years ago when the mine was last in production.” – Jan Alston, President & CEO

“The exciting potential to expand the resource base of the Clayton Silver Mine is derived from our knowledge that very little exploration was ever carried out on the property adjacent to the mine and along the host vein system.” – Jan Alston

Materiality Assessment: Non‑Material – Positive (forward‑looking operational plan with no immediate financial impact).