# Smooth Rock Completes a Current Resource Estimate on the Palmetto Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399 Original source: https://money.tmx.com/en/quote/SMRV/news/4968158508707500/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project Publisher: tmx Original announcement: 2020-10-21T18:44:00.000Z 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 - Extracted: 2026-08-24 11:22:20 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: NI 43-101 compliant - Positive factor: QP signed - Positive factor: expansion potential noted - Negative factor: All Inferred - Negative factor: Historical data reliance - Negative factor: 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 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 **NI 43-101 Compliant** Polarity: positive Definition: 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 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 > prepared by WSP Canada Inc.'s author and independent qualified person, Todd McCracken, P.Geo. **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: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#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: 2020-10-21T00:00:00.000Z 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-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#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: 2020-10-21T00:00:00.000Z Reasoning: Byproduct silver grade in pit resource. Evidence · table > 6.38 Context: 9,397 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#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: 2020-10-21T00:00:00.000Z Reasoning: Underground inferred resource component. - Positive factor: Higher grade than pit - Negative factor: Low tonnage - Negative factor: Inferred category Evidence · table > 2.76 Context: 170 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#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: 2020-10-21T00:00:00.000Z Reasoning: Byproduct silver grade in underground resource. Evidence · table > 17.51 Context: 170 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-4) gold #### 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 factor: All Inferred Evidence · table > 0.96 Context: 9,567 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-5) silver #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-6) Palmetto · gold #### 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 factor: Inferred category Evidence · table > 0.93 Context: 9,397 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-7) Palmetto · silver #### 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 factor: Inferred category Evidence · table > 6.38 Context: 9,397 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-8) Palmetto · gold #### 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 factor: Inferred category Evidence · table > 2.76 Context: 170 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-9) Palmetto · silver #### 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 factor: Inferred category Evidence · table > 17.51 Context: 170 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-10) Palmetto · gold #### 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 factor: Inferred category Evidence · table > 0.96 Context: 9,567 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-a-current-resource-estimate-on-the-palmetto-project--df6c4153-de9a-4c76-b51e-35d32af13399#fact-resource-facts-11) Palmetto · silver #### 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 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.