Smooth Rock Completes a Current Resource Estimate on the Palmetto 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
- Extracted
- 2026-08-24 11:22:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has released an updated NI 43-101 inferred resource estimate for the Palmetto Gold Project in Nevada. The estimate uses a historical mineral resource model updated with current gold pricing and mining costs, resulting in a total inferred resource of 9.57 Mt at 0.96 g/t Au and 6.58 g/t Ag.
Reasoning: The resource is a restatement of a historical model with updated economic parameters, consisting entirely of Inferred resources based on legacy drilling.
Positive factors
- NI 43-101 compliant
- QP signed
- expansion potential noted
Negative factors
- All Inferred
- Historical data reliance
- No new drilling since 2018
Low confidence — this extraction should be reviewed alongside the original source.
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”
All Inferrednegative
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”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate was completed following NI 43-101 standards.
Evidence · text
“completed a current National Instrument (" NI ") 43-101 inferred resource estimate”
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
“prepared by WSP Canada Inc.'s author and 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component.
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
- 2020-10-21T00:00:00.000Z
Reasoning: Byproduct silver grade in pit 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
- 2020-10-21T00:00:00.000Z
Reasoning: Underground inferred resource component.
Positive factors
- Higher grade than pit
Negative factors
- Low tonnage
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Byproduct silver grade in underground 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
- 2020-10-21T00:00:00.000Z
Reasoning: Total project inferred 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
- 2020-10-21T00:00:00.000Z
Reasoning: Total project inferred silver grade.
Evidence · table
“6.58”
Context: 9,567
inferredPalmetto · goldTonnes: 9397Grade: 0.93Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“0.93”
Context: 9,397
inferredPalmetto · silverTonnes: 9397Grade: 6.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“6.38”
Context: 9,397
inferredPalmetto · goldTonnes: 170Grade: 2.76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“2.76”
Context: 170
inferredPalmetto · silverTonnes: 170Grade: 17.51Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“17.51”
Context: 170
inferredPalmetto · goldTonnes: 9567Grade: 0.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
Evidence · table
“0.96”
Context: 9,567
inferredPalmetto · silverTonnes: 9567Grade: 6.58Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto
- 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
- 2020-10-21T00:00:00.000Z
Reasoning: Pit-constrained inferred resource component. (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.