Smooth Rock Drills 10.98 g/t Au over 9.2 Meters at Palmetto
Original announcement by tmx on
- Company
- Smooth Rock Ventures Corp.
- Ticker
- SMRV
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-08-24 11:15:40 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures reported gold intercepts at the Palmetto Gold Project, including 10.98 g/t Au over 9.2m in hole SRV 22-09. However, the 2022 RC drill program was severely hampered by technical issues, including rig breakdowns and poor recoveries, resulting in only partial drilling of the planned program.
Reasoning: While high-grade gold intercepts were reported, the drill program was significantly compromised by technical failures, poor recoveries, and incomplete hole depths, limiting the reliability of the results.
Positive factors
- significant gold mineralization encountered
- continuity demonstrated via step-out drilling
Negative factors
- poor to nonexistent recoveries
- drill program hampered by technical issues
- drilling failed to reach targeted depths
- apparent width only (no true width disclosed)
Facts used in scoring: 3
Classification and evidence
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document states widths are drill indicated and insufficient drilling has been undertaken to determine true widths.
Evidence · text
“insufficient drilling has been undertaken to determine true widths at this time”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions blanks, standards, duplicates, and a certified laboratory.
Evidence · text
“A blank or certified reference material was inserted approximately every tenth sample.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: SRV 22-09 was drilled 32m west northwest of the previous hole SRV 21-01, demonstrating continuity.
Evidence · text
“SRV 22-09 was drilled over 32 meters west northwest of hole SRV 21-01”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
SRV 22-09Palmetto Gold Project · goldGrade: 10.98Grade Unit: g/tIntercept: 9.2 mView all detailsHide details
Identity
- Hole ID
- SRV 22-09
- Project
- Palmetto Gold Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SMRV
Geometry
- Grade
- 10.98
- Grade Unit
- g/t
- Intercept
- 9.2 m
- From
- 88.4 m
- To
- 97.6 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRV 22-09:88.4-97.6
- Mining Method
- unknown
QA/QC
- Laboratory
- American Assays Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2022-09-21T00:00:00.000Z
Reasoning: Decent grade intercept in a step-out hole, but technical drilling issues and lack of true width reduce confidence.
Positive factors
- solid grade for exploration
Negative factors
- no true width disclosed
Evidence · text
“SRV 22-09 returned 10.98 g/t Au over 9.2 meters”
SRV 22-09Palmetto Gold Project · goldGrade: 18.87Grade Unit: g/tIntercept: 4.6 mView all detailsHide details
Identity
- Hole ID
- SRV 22-09
- Project
- Palmetto Gold Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SMRV
Geometry
- Grade
- 18.87
- Grade Unit
- g/t
- Intercept
- 4.6 m
- From
- 89.9 m
- To
- 94.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SRV 22-09:89.9-94.5
- Mining Method
- unknown
QA/QC
- Laboratory
- American Assays Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2022-09-21T00:00:00.000Z
Reasoning: Strong high-grade component within the main intercept.
Positive factors
- high grade sub-interval
Negative factors
- narrow width
Evidence · text
“including 18.87 g/t Au over 4.6 meters”
SRV 22-05Palmetto Gold Project · goldGrade: 1.1Grade Unit: g/tIntercept: 6.1 mView all detailsHide details
Identity
- Hole ID
- SRV 22-05
- Project
- Palmetto Gold Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SMRV
Geometry
- Grade
- 1.1
- Grade Unit
- g/t
- Intercept
- 6.1 m
- From
- 181.4 m
- To
- 187.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
QA/QC
- Laboratory
- American Assays Laboratories
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2022-09-21T00:00:00.000Z
Reasoning: Low grade intercept in a hole that was abandoned due to poor conditions.
Negative factors
- low grade
- poor drill hole conditions
Evidence · table
“1.1”
Context: 6.1
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.