Smooth Rock Announces Diamond Drill Program at the Palmetto Gold 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, Drill results
- Extracted
- 2026-09-16 23:17:31 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has announced an upcoming diamond drill program at the Palmetto Gold Project in Nevada to expand the current resource. The company restated its current Inferred resource of 9.57 Mt at 0.96 g/t Au and 6.58 g/t Ag, which was prepared by WSP Canada Inc.
Reasoning: The announcement details an upcoming drill program intended to expand an existing inferred resource, while restating the current resource metrics.
Positive factors
- Upcoming drill program designed for resource expansion
- Existing inferred resource with significant silver credits
- NI 43-101 compliant resource estimation
Negative factors
- Resource is entirely Inferred category
- Drill program was delayed due to COVID-19
Facts used in scoring: 10
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 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 estimation was completed using NI 43-101 standards.
Evidence · text
“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: An independent Qualified Person (Todd McCracken, P.Geo.) is named and responsible for the estimation.
Evidence · text
“prepared by WSP's author and independent qualified person, Todd McCracken, P.Geo.”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Resource Estimates (10)
inferredPalmetto Gold Project · goldTonnes: 9397000Grade: 0.93Grade Unit: g/tContained Metal: 281581Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Gold Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:1a8af1b5ad3d528e61b5
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 9397000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 281581
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource.
Evidence · table
“0.93”
Context: 9,397
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalmetto Gold Project · silverTonnes: 9397000Grade: 6.38Grade Unit: g/tContained Metal: 1926652Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Gold Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:1a8af1b5ad3d528e61b5
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 9397000
- Grade
- 6.38
- Grade Unit
- g/t
- Contained Metal
- 1926652
- Contained Unit
- oz
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit silver grade.
Evidence · table
“6.38”
Context: 9,397
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalmetto Gold Project · goldTonnes: 170000Grade: 2.76Grade Unit: g/tContained Metal: 11114Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Gold Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ea7b04f7b20993e62e0b
- Deposit or zone
- U/G
- Mining method
- underground
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 170000
- Grade
- 2.76
- Grade Unit
- g/t
- Contained Metal
- 11114
- Contained Unit
- oz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred underground gold resource.
Evidence · table
“2.76”
Context: 170
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalmetto Gold Project · silverTonnes: 170000Grade: 17.51Grade Unit: g/tContained Metal: 95926Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Gold Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ea7b04f7b20993e62e0b
- Deposit or zone
- U/G
- Mining method
- underground
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 170000
- Grade
- 17.51
- Grade Unit
- g/t
- Contained Metal
- 95926
- Contained Unit
- oz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred underground silver grade.
Evidence · table
“17.51”
Context: 170
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalmetto · goldTonnes: 9397Grade: 0.93Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ce78745cddf2a394f62d
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 9397
- Grade
- 0.93
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.93”
Context: 9,397
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPalmetto · silverTonnes: 9397Grade: 6.38Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ce78745cddf2a394f62d
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 9397
- Grade
- 6.38
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“6.38”
Context: 9,397
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPalmetto · goldTonnes: 170Grade: 2.76Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:bf24d16178d363fd6c04
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 170
- Grade
- 2.76
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“2.76”
Context: 170
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPalmetto · silverTonnes: 170Grade: 17.51Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:bf24d16178d363fd6c04
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unspecified
Resource Data
- Category
- inferred
- Tonnes
- 170
- Grade
- 17.51
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“17.51”
Context: 170
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPalmetto · goldTonnes: 9567Grade: 0.96Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ce71d85ef3d667d414e3
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9567
- Grade
- 0.96
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.96”
Context: 9,567
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPalmetto · silverTonnes: 9567Grade: 6.58Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ce71d85ef3d667d414e3
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 9567
- Grade
- 6.58
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t gold
Prior Estimate
- Resource Date
- 2020-10-20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2020-10-20T00:00:00.000Z
Dates
- Event date
- 2021-02-11T00:00:00.000Z
Reasoning: Restatement of existing inferred pit resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“6.58”
Context: 9,567
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.