# Smooth Rock Completes Palmetto Project Acquisition Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--eaf141e4-f363-479c-ac39-5205616efd89 Original source: https://money.tmx.com/en/quote/SMRV/news/5243731656385340/smooth-rock-completes-palmetto-project-acquisition Publisher: tmx Original announcement: 2020-07-28T13:03:51.000Z 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: Agreement transaction, Resource update - Extracted: 2026-08-24 11:17:11 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Acquisition of 100% interest in Palmetto Project - Positive factor: Historical resource provides established baseline - Positive factor: Retention of WSP to upgrade resource to current status - Negative factor: Resource is historical and not treated as current by the company Facts used in scoring: 8 ## Classification and evidence **Historical Estimate Only** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 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 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) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--eaf141e4-f363-479c-ac39-5205616efd89#fact-resource-facts-4) gold #### 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 factor: Historical data Evidence · table > 0.95 Context: 10,134 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--eaf141e4-f363-479c-ac39-5205616efd89#fact-resource-facts-5) silver #### 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 factor: Historical data Evidence · table > 7.29 Context: 10,134 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--eaf141e4-f363-479c-ac39-5205616efd89#fact-resource-facts-6) gold #### 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 factor: Historical data Evidence · table > 3.60 Context: 98 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--eaf141e4-f363-479c-ac39-5205616efd89#fact-resource-facts-7) silver #### 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 factor: 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.