Smooth Rock Announces Upcoming Diamond Drill Program at the Palmetto Gold Project
Original announcement by tmx on
- 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 11:21:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has announced an upcoming diamond drill program at the Palmetto Gold project in Nevada, scheduled for mid-January 2021. The company also provided a summary of its current Inferred mineral resource, which includes both pit-constrained and underground components.
Reasoning: The company is announcing an upcoming drill program to expand an existing 100% Inferred resource. While the resource itself is low-confidence (Inferred), the technical preparation and upcoming drilling are positive catalysts.
Positive factors
- NI 43-101 compliant
- QP signed
- expansion potential noted
Negative factors
- 100% Inferred resource
Facts used in scoring: 12
Classification and evidence
Inferred Resourcenegative
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”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimation was completed using NI 43-101 standards.
Evidence · text
“completed using NI 43-101 standards of practice”
QP/CP Signedpositive
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.”
Cut-off Disclosedpositive
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: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (12)
inferredgoldTonnes: 9397000Grade: 0.93Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource.
Negative factors
- Inferred category
Evidence · table
“0.93”
Context: 9,397
inferredsilverTonnes: 9397000Grade: 6.38Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Byproduct silver grade in pit-constrained inferred resource.
Evidence · table
“6.38”
Context: 9,397
inferredgoldTonnes: 170000Grade: 2.76Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Underground inferred gold resource.
Positive factors
- Higher grade than pit resource
Negative factors
- Inferred category
Evidence · table
“2.76”
Context: 170
inferredsilverTonnes: 170000Grade: 17.51Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Byproduct silver grade in underground inferred resource.
Evidence · table
“17.51”
Context: 170
inferredgoldTonnes: 9567000Grade: 0.96Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 9567000
- Grade
- 0.96
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Total project inferred gold resource.
Negative factors
- All Inferred
Evidence · table
“0.96”
Context: 9,567
inferredsilverTonnes: 9567000Grade: 6.58Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 9567000
- Grade
- 6.58
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Total project inferred silver resource.
Evidence · table
“6.58”
Context: 9,567
inferredgoldTonnes: 9397Grade: 0.93Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“0.93”
Context: 9,397
inferredsilverTonnes: 9397Grade: 6.38Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“6.38”
Context: 9,397
inferredgoldTonnes: 170Grade: 2.76Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“2.76”
Context: 170
inferredsilverTonnes: 170Grade: 17.51Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“17.51”
Context: 170
inferredgoldTonnes: 9567Grade: 0.96Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“0.96”
Context: 9,567
inferredsilverTonnes: 9567Grade: 6.58Grade Unit: g/tView all detailsHide details
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
- 2020-12-02T00:00:00.000Z
Reasoning: Pit-constrained inferred gold resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- 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.