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CMX Gold & Silver Announces Assay Results Confirm Ore-Sorting Viable for Clayton Stockpile
Calgary, AB - TheNewswire - June 29, 2023 - CMX Gold & Silver Corp. (CSE:CXC) (OTC:CXXMF) (“CMX” or the “Company”) has received assays for concentrate successfu
About this update from Cmx Gold & Silver Corp
[{"type":"text","content":"Calgary, AB - TheNewswire - June 29, 2023 - CMX Gold & Silver Corp. (CSE:CXC) (OTC:CXXMF) (“CMX” or the “Company”) has received assays for concentrate successfully recovered from samples taken in 2022 from the historic stockpile adjacent to its 100%-owned Clayton Silver Mine in Idaho. Jan Alston, President & CEO of CMX stated: “This is a significant milestone with respect to advancing the Company’s Clayton Silver Project. The silver, lead and zinc assay results are robust and ore-sorting returned a high-grade concentrate. This provides CMX with a unique opportunity as a junior mining company to exploit the stockpile, which is estimated to contain 1,000,000 tonnes or more of mineralized material. Processing the stockpile is expected to start next year.” Approximately 500 kilograms of sample material was shipped to TOMRA Systems ASA’s (“TOMRA”) ore-sorting laboratory in Sydney, Australia (see \"2022/23 Stockpile Sampling” below). The concentrate produced by sorting was subsequently assayed at Bureau Veritas Australia Pty Ltd.’s laboratory in Sydney. The initial test of the ore-sorting technology comprised a 395-kilogram sample. The test recovered at least 70% of the metals and returned a 41-kilogram concentrate of sorted product of about 10% of the initial mass. Assays for the silver, lead, zinc, copper, and gold in the concentrated product returned the following grades: Ag (g/t)/(oz/t) Pb (%) Zn (%) Cu (%) Au (g/t) 156/5.02 3.10 1.91 0.096 0.1 Compared to average grades documented in the Company’s 2014 stockpile evaluation program (see below), ore-sorting increased the silver grade by 6.4 times and the lead and zinc grades by 7 times. Mr. Alston said: “The success of TOMRA’s ore-sorting to enhance the grade of the metals of interest in the stockpile is confirmed by the excellent assay results.” Mr. Alston emphasized: “Ore-sorting is a proven technology utilized successfully around the world to recover metals from historically mined material. Testing confirmed our expectation that it would work well on our stockpile material.” The Company’s 2014 stockpile evaluation program returned an average gold grade of 0.80 g/t for samples collected from 16 locations. The 2014 assay results indicated that the gold grade in the stockpile is variable. CMX believes the lo...