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.
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Compensation: Base fee of US$3,000 per month; total US$36,000 for the year, with possible additional fees for supplemental services.
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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).
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Ownership: 100% owned by CMX; patented claims carry no government royalties and require no drilling permits.
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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.
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Follow‑up: Diamond drilling on priority targets identified from geophysical results.
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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.
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Notable drill hole 1501‑A intersected 22 ft of high‑grade polymetallic mineralization at ≈1,425 ft depth, confirming continuity below deepest historic workings.
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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.
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May 15, 2026 · 16:23