# Smooth Rock Announces Diamond Drill Program at the Palmetto Gold Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701

Original source: https://money.tmx.com/en/quote/SMRV/news/4785282060375228/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project

Publisher: tmx

Original announcement: 2021-02-11T14:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Smooth Rock Ventures Corp.

- Ticker: SOCK

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update, Other

- Extracted: 2026-08-24 11:19:42 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Smooth Rock Ventures Corp. has announced an upcoming diamond drill program at the Palmetto Gold Project in Nevada to expand the existing resource. The company provided a summary of the current Inferred mineral resource, which includes both pit-constrained and underground components.

Reasoning: The announcement restates an existing Inferred resource to provide context for an upcoming drill program. While the resource is entirely Inferred, the company identifies clear targets for expansion.

- Positive factor: Resource expansion potential identified

- Positive factor: NI 43-101 compliant estimation

- Negative factor: 100% Inferred resource

- Negative factor: Historical data basis

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 10

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The entire resource is classified as Inferred.

Evidence · text

> classified as an inferred resource

**All Inferred**

Polarity: negative

Definition: 100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: 100% of the reported resource is in the Inferred category.

Evidence · text

> classified as an inferred resource

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Todd McCracken, P.Geo. is named as the independent qualified person.

Evidence · text

> independent qualified person, Todd McCracken, P.Geo.

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The estimation was completed using NI 43-101 standards.

Evidence · text

> completed using NI 43-101 standards of practice

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for pit \(0.15 g/t Au\) and underground \(2.0 g/t Au\) are stated.

Evidence · text

> at the 0.15 g/t gold cut-off and remaining underground resource estimation at the 2.0 g/t gold cut-off

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (10)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9397000
- Grade: 0.93
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component.

- Negative factor: Inferred category

Evidence · table

> 0.93

Context: 9,397

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-1)

silver

#### Identity

- Commodity: silver
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9397000
- Grade: 6.38
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Byproduct silver grade in pit-constrained inferred resource.

Evidence · table

> 6.38

Context: 9,397

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 2.76
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Underground inferred resource component.

- Positive factor: Higher grade than pit resource

- Negative factor: Inferred category

Evidence · table

> 2.76

Context: 170

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-3)

silver

#### Identity

- Commodity: silver
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 170000
- Grade: 17.51
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Byproduct silver grade in underground inferred resource.

Evidence · table

> 17.51

Context: 170

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-4)

gold

#### Identity

- Commodity: gold
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9397
- Grade: 0.93
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.93

Context: 9,397

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-5)

silver

#### Identity

- Commodity: silver
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9397
- Grade: 6.38
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 6.38

Context: 9,397

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-6)

gold

#### Identity

- Commodity: gold
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 170
- Grade: 2.76
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 2.76

Context: 170

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-7)

silver

#### Identity

- Commodity: silver
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 170
- Grade: 17.51
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 17.51

Context: 170

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-8)

gold

#### Identity

- Commodity: gold
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9567
- Grade: 0.96
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 0.96

Context: 9,567

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-announces-diamond-drill-program-at-the-palmetto-gold-project--31dfdaf7-1bdb-4944-afee-cf4e517d4701#fact-resource-facts-9)

silver

#### Identity

- Commodity: silver
- Ticker: SOCK

#### Resource Data

- Category: inferred
- Tonnes: 9567
- Grade: 6.58
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2021-02-11T00:00:00.000Z

Reasoning: Pit-constrained inferred resource component. \(Expanded from multi-commodity resource table for completeness.\)

- Negative factor: Inferred category

Evidence · table

> 6.58

Context: 9,567

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.