CMX Gold & Silver (CSE:CXC,OTC Pink:CXXMF) completed a 2022 claims staking program at its 100 percent owned Clayton silver property in Idaho, US, adding approximately 450 acres to its landholdings . The property, according to President and CEO Jan Alston, is a historic silver mine that was never mined out and holds significant potential.
“We've been very patient, because the commodity cycle has been sort of long and drawn out on the downside,” Alston said. "But we are really excited now because we can see that all the pieces are falling into place for, I think, a very positive environment for all commodities, especially metals. This is a silver mine. So I've been really keen on the dynamics of the silver markets."
The staking added significant prospective acreage to the company's silver- lead - zinc project, bringing the total claims to 1,134 acres, a 66 percent increase in the area covered. For Alston, the expansion supports the company’s objective to move the project forward in a bigger way because the deposits in the area might be parallel to the ones that were mined in the old days.
For further details see:
CMX Plans Drilling at Clayton Property in Idaho Amid Positive Silver Market Outlook