CMX Gold & Silver Corp. Announces Private Placement for Clayton Silver Project Exploration Following New Geological Evidence

CMX Gold & Silver Corp. has announced a non-brokered private placement financing for aggregate gross proceeds of up to CAN$2,000,000 to advance exploration at its Clayton Silver Project in Idaho. The company, which trades on the CSE under symbol CXC and on the OTC as CXXMF, plans to use the proceeds for a geophysical survey and initial diamond drilling program at the historic mine site. This financing initiative comes as the company reports evidence for previously missed silver prospects at the property, suggesting that all previous miners may have overlooked significant geological opportunities.

The Clayton Silver Project represents a past-producing underground operation with substantial remaining exploration potential. Located in the Bayhorse Mining District of central Idaho, the property consists of a 1,028-acre land package that includes 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims. The company's exploration focus stems from what it describes as a unique untapped geological opportunity that previous operators failed to recognize. According to company materials available at https://ibn.fm/Z2dXC, the Clayton Silver Mine has a long history of production but retains significant exploration upside due to geological features that may have been previously misinterpreted or overlooked.

The planned geophysical survey and drilling program aim to systematically test these newly identified prospects and validate the company's geological interpretation. This exploration approach represents a methodical attempt to unlock what CMX believes could be substantial silver resources that escaped detection during earlier mining operations. The company's strategy involves applying modern exploration techniques to a historic mining district, potentially revealing mineralization patterns that previous operators working with older technology and geological models might have missed.

For investors seeking additional information about CMX Gold & Silver Corp., the company maintains a newsroom at https://ibn.fm/CXXMF where updates are regularly posted. The private placement financing represents a critical step in advancing the Clayton Silver Project from conceptual geological modeling to systematic exploration and potential resource definition. The company's approach highlights how reinterpretation of historical mining districts using contemporary geological understanding and exploration technology can reveal overlooked opportunities, potentially transforming the economic assessment of properties with established mining histories but incomplete exploration.