CMX Gold & Silver Commences Trading on the Canadian Securities Exchange - Video News Alert on InvestmentPitch.com

December 11, 2014 11:16 AM EST | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2014) - CMX Gold & Silver (CSE: CXC) is one of the latest new listings on the Canadian Securities Exchange. The company is an exploration stage company engaged in the acquisition, exploration and development of silver and metals properties in the U.S.A.

InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "CMX" in the search box.


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The Company was inactive from 2006 to 2010, when it acquired the Clayton Silver Property in Idaho. The company acquired 100% of Clayton for a cost of US$500,000, with $250,000 paid in cash and the issuance of 2.5 million shares at a deemed price of $0.10.

The 565 acre Clayton Silver property consists of 29 patented mining claims and 2 patented mill sites, and contains the old Clayton Silver Mine which operated steadily for 50 years until 1986, at which time the operation was shut down because of low commodity prices.

The mine produced silver, lead and zinc, plus smaller amounts of copper. The old mine workings extended to a depth of 1,100 feet, but earlier drilling indicated that the mineralization likely extends at least 427 feet deeper than the 1,100 feet level. The mineralization is open to depth which suggests significant potential for the Clayton Silver Property.

The company's short term objectives include:

  • Undertaking extensive sampling program to determine if recoverable metals in dump (July to December 2014)
  • Preparing a general planning report to scope out costs to build a custom mill and reactivate the Clayton Silver Mine
  • Carrying out site preparation work
  • Commencing preliminary work to refurbish the mill
  • Launching a major financing initiative for Clayton project

The shares are trading at $0.10, and with 29.1 million shares outstanding, the company is capitalized at $2.9 million.

For more information, please visit the company's website www.cmxgoldandsilver.com or contact Jan Alston, President & CEO, at 403-457-2697 or email janalston@cmxgoldandsilver.com.

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