(via TheNewswire)
Under SRI’s supervision, 600 kilograms of materials were collected from nine locations on the mine stockpile located adjacent to the old
The testing program results will be used to determine the best ore-sorting process for the Company’s stockpile. Jan Alston, President & CEO of CMX stated: “Positive test results will confirm our assessment that there should be significant value realized from processing the stockpile material, based on the stockpile sampling program conducted in 2014/15. We expect the application of modern technology will unlock near-term value for CMX shareholders and provide funds for future exploratory drilling programs targeting significant prospects for additional resources adjacent to the old mine workings.”
The Company’shistoric
Subject to positive results from analysis of the samples taken from the stockpile and confirmation of suitability of the material for the ore sorting process, SRI at its cost will construct and deliver an optimal ore sorting system to the
About the
CMX's 100%-owned Clayton Silver Property is located in the mining-friendly
The recorded production from the
Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960’s, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of 4.07 oz (126 gms) Ag/t, 5.75% lead and 5.37% zinc (note: true width is unknown).
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information contact:
Robert d’Artois at (604) 329-0845 bobdartois@cmxgoldandsilver.com.
You can also visit the Company’s Website:www.cmxgoldandsilver.com
WARNING: the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the operations of the Company, changes to securities regulation requirements, other changes in laws or regulations, unanticipated risks of the COVID-19 pandemic crisis, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
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