CMX Gold & Silver Corp. announced the successful completion of the ore-sorting test at the TOMRA facility in Sydney, Australia. The sorted product has been sent to Bureau Veritas for assaying.

Results are expected in late April 2023. CMX's plan for processing the stockpile on its 100%-owned Clayton Silver Property is to use precision ore-sorting technology to high-grade the unprocessed rock and thereby enhance the grade of material delivered to a toll mill. Dual Energy X-Ray Transmission technologies are effective at capturing sulphides and concentrating valuable metals.

Data from other sorting projects across North America indicate ore-sorting has the potential to increase the grade of sorted rock by 6 to 10 times. The Company's expectation is that TOMRA's testing captured most of the metals in the 10% product from the first run, with the remainder in the 10% product from the second run of the first run's rejected material. Confirmation will come from the assay results.

The historic Clayton Silver Mine stockpile is estimated to contain up to 1,000,000 tonnes of metal-bearing rock. In CMX's 2014/15 evaluation program, over 3,000 kilograms of sample material were collected from 16 locations selected to ensure representative results. Analysis of the samples confirmed the presence of gold in each sample.

Assays indicated gold values up to 2.84 gm/t with an average of 0.80 gm/t for the 16 locations sampled. Statistical averages of the 16 locations of the mine stockpile sampling program were: gold - 0.80 gms/t; silver - 24.31 gms/t; lead - 0.44%; zinc - 0.27%.