Northwire Canada EditionSaturday, November 7, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

CMX Engages IBN

CXC · Price

Executive Summary

  • CMX Gold & Silver Corp. entered a one‑year corporate communications agreement with IBN to expand its investor awareness program, paying a base fee of $3,000 USD per month ($36,000 total).
  • The company outlined plans for a comprehensive 2026 geophysical survey (3‑D DCIP and MT) over its 100% owned Clayton Silver Project in Idaho, with follow‑up diamond drilling to test priority targets.
  • Historical data highlight significant past production (≈7 M oz Ag) and recent drill intercepts confirming mineralization below historic workings, underscoring the project's exploration potential.

Key Details

  • Corporate Communications Agreement
  • Parties: CMX Gold & Silver Corp. and IBN (independent contractor).
  • Term: One year starting 31 Dec 2025; may be extended by mutual agreement.
  • Compensation: Base fee of US$3,000 per month; total US$36,000 for the year, with possible additional fees for supplemental services.

  • Clayton Silver Project Overview

  • Location: Bayhorse Mining District, central Idaho (≈30–40 km SSW of Challis).
  • Land package: 1,028 acres – 29 patented mining claims, 2 patented mill sites (≈562 acres), and 20 unpatented claims (≈466 acres).
  • Ownership: 100% owned by CMX; patented claims carry no government royalties and require no drilling permits.

  • Planned 2026 Exploration Program

  • Geophysical work to commence in spring 2026, including:
    • 3‑D Direct Current Induced Polarization (DCIP) survey.
    • Magnetotelluric (MT) survey.
  • Objectives: Delineate known structures, identify extensions of partially mined ore bodies, evaluate deeper mineralization zones.
  • Follow‑up: Diamond drilling on priority targets identified from geophysical results.

  • Historical Production & Recent Findings

  • Historic mine operation (1935–1986) produced ≈7 M oz silver plus lead, zinc, copper, and minor gold from ~2.15 Mt of ore.
  • Underground development reached eight levels to 1,100 ft with ~19,700 ft of workings; partially mined South and North Ore Bodies.
  • Notable drill hole 1501‑A intersected 22 ft of high‑grade polymetallic mineralization at ≈1,425 ft depth, confirming continuity below deepest historic workings.

  • Qualified Person Review

  • Technical information reviewed and approved by Richard Walker, M.Sc., P.Geo., a Qualified Person under NI 43‑101 (independent consulting geologist).
  • Historical data cited are not NI 43‑101 compliant but sourced from records deemed reliable by the company.

Notable Quotes

  • “The expanded marketing program and upcoming geophysical work position CMX to unlock further value at our flagship Clayton Silver Project,” – Jan M. Alston, President & CEO.
Read the original news release →

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