# Smooth Rock Commences Drilling at the Palmetto Gold Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/smooth-rock-commences-drilling-at-the-palmetto-gold-project--2a339809-375f-42df-8913-96b87f07f139 Original source: https://money.tmx.com/en/quote/SMRV/news/5786714906907920/smooth-rock-commences-drilling-at-the-palmetto-gold-project Publisher: tmx Original announcement: 2022-05-03T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Smooth Rock Ventures Corp. - Ticker: SMRV - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-09-16 23:14:44 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Smooth Rock Ventures Corp. has commenced its first 2022 drill program at the Palmetto Gold Project in Nevada. The program aims to expand the existing Inferred gold resource by targeting high-grade zones and exploring areas outside the current resource footprint. Reasoning: The announcement marks the start of a new drilling campaign aimed at resource expansion, though it contains no new assay results from the current program. - Positive factor: Commencement of new drill program - Positive factor: Targeting high-grade feeder chutes - Positive factor: Potential to expand existing resource Facts used in scoring: 2 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program is designed to extend known mineralized zones laterally and at depth. Evidence · text > designed to expand the current resource by extending the known mineralized zones laterally and at depth **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The current resource is stated to be entirely in the Inferred category. Evidence · text > grading 0.96 gpt gold in the Inferred category ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### SRV 21-01 [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-commences-drilling-at-the-palmetto-gold-project--2a339809-375f-42df-8913-96b87f07f139#fact-drill-facts-0) Palmetto · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: SRV 21-01 - Project: Palmetto - Commodity: gold - Region: usa\_nv - Reported Region: usa\_nv - Ticker: SMRV #### Geometry - Grade: 31.4 - Grade Unit: g/t - Intercept: 6.5 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2021-01-01T00:00:00.000Z #### Dates - Event date: 2022-05-03T00:00:00.000Z Reasoning: Strong historical gold intercept reported. - Positive factor: High grade intercept Evidence · text > 6.5 meters grading 31.4 gpt gold in hole SRV 21-01 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-commences-drilling-at-the-palmetto-gold-project--2a339809-375f-42df-8913-96b87f07f139#fact-resource-facts-1) Palmetto Gold Project · gold #### Identity - Project: Palmetto Gold Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: SMRV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c6dc65b4686db6c7c4f3 - Ownership percent: 100 % #### Resource Data - Category: inferred - Grade: 0.96 - Grade Unit: g/t - Contained Metal: 296695 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-05-03T00:00:00.000Z Reasoning: Baseline resource stated for the project. - Positive factor: Established resource base - Negative factor: Entirely Inferred category Evidence · text > NI 43-101 compliant resource of 296,695 ounces of gold grading 0.96 gpt gold in the Inferred category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## 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.