Smooth Rock Announces Upcoming 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 23:19:05 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, scheduled for mid-January 2021. The company also summarized its recent NI 43-101 compliant Inferred resource estimate, which includes 9.57 Mt of gold and silver at 0.96 g/t Au and 6.58 g/t Ag.
Reasoning: The company is summarizing a recent resource update to provide context for an upcoming drill program designed to expand the resource.
Positive factors
- Resource update provides clear baseline for upcoming drill program
- NI 43-101 compliant resource estimation by independent QP
- Upcoming drill program targets expansion and depth
Negative factors
- Resource is 100% Inferred, representing high geological risk
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.
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: Todd McCracken, P.Geo. is named as the independent QP for the resource estimation.
Evidence · text
“prepared by WSP's author and independent qualified person, Todd McCracken, P.Geo.”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: While cut-offs are provided for the summary table, the specific compositing cut-off for the whole resource is not explicitly stated in the prose, though the table rows specify them.
Evidence · text
“summarizes the pit constrained resource estimation at the 0.15 g/t gold cut-off”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
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: ozView 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:81c6fb9f1e62ba5c24f3
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component.
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: ozView 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:81c6fb9f1e62ba5c24f3
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit silver component.
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: ozView 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:90f20cd4cf9db5dc8f0e
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred underground gold component.
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: ozView 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:90f20cd4cf9db5dc8f0e
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred underground silver component.
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 Gold Project · goldTonnes: 9397Grade: 0.93Grade Unit: g/tView 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:368b934951d785937c41
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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 Gold Project · silverTonnes: 9397Grade: 6.38Grade Unit: g/tView 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:368b934951d785937c41
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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 Gold Project · goldTonnes: 170Grade: 2.76Grade Unit: g/tView 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:843afacc40c55e94940d
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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 Gold Project · silverTonnes: 170Grade: 17.51Grade Unit: g/tView 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:843afacc40c55e94940d
- Deposit or zone
- Palmetto Project
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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 Gold Project · goldTonnes: 9567Grade: 0.96Grade Unit: g/tView 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:4fd45ea61aea37e75547
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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 Gold Project · silverTonnes: 9567Grade: 6.58Grade Unit: g/tView 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:4fd45ea61aea37e75547
- 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
- No
- Historical
- No
Dates
- Event date
- 2020-12-02T00:00:00.000Z
Reasoning: Inferred pit resource component. (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.