Smooth Rock Completes Palmetto Project Acquisition
Original announcement by tmx on
- Company
- Smooth Rock Ventures Corp.
- Ticker
- SOCK
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Agreement transaction, Resource update
- Extracted
- 2026-08-24 11:17:11 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has completed the acquisition of a 100% interest in the Palmetto Project in Nevada for $500,000 USD. The company is leveraging a historical NI 43-101 compliant inferred resource and has retained WSP Canada Inc. to upgrade it to a current mineral resource estimate.
Reasoning: The company completed an acquisition of a project with an existing historical resource and has immediately engaged a QP to upgrade it.
Positive factors
- Acquisition of 100% interest in Palmetto Project
- Historical resource provides established baseline
- Retention of WSP to upgrade resource to current status
Negative factors
- Resource is historical and not treated as current by the company
Facts used in scoring: 8
Classification and evidence
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The company explicitly states it is not treating the 2017 WSP estimate as a current mineral resource.
Evidence · text
“Smooth Rock Ventures Corp. is not treating this as current mineral resource and considers this an historical estimate.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The historical resource estimation was completed using NI 43-101 standards of practice.
Evidence · text
“The historic mineral resource estimation was 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 qualified person to review and repeat the estimation.
Evidence · text
“reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ), a consultant of the Company, and an independent Qualified Person”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
inferredgoldTonnes: 10134Grade: 0.95Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 10134
- Grade
- 0.95
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Inferred pit resource from historical 2017 estimate. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“0.95”
Context: 10,134
inferredsilverTonnes: 10134Grade: 7.29Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 10134
- Grade
- 7.29
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Inferred pit resource from historical 2017 estimate. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“7.29”
Context: 10,134
inferredgoldTonnes: 98Grade: 3.6Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 98
- Grade
- 3.6
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Inferred pit resource from historical 2017 estimate. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“3.60”
Context: 98
inferredsilverTonnes: 98Grade: 10.8Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SOCK
Resource Data
- Category
- inferred
- Tonnes
- 98
- Grade
- 10.8
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Inferred pit resource from historical 2017 estimate. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“10.80”
Context: 98
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.