Smooth Rock Completes a Current Resource Estimate on the Palmetto 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
- Extracted
- 2026-09-16 23:17:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has announced an updated NI 43-101 compliant Inferred mineral resource estimate for the Palmetto Gold Project in Nevada. The estimate, effective October 15, 2020, includes approximately 9.57 Mt at 0.96 g/t gold and 6.58 g/t silver, with the majority of the tonnage located in a pit-constrained zone.
Reasoning: The company released an updated Inferred resource estimate for the Palmetto project. While the resource is entirely Inferred, the update reflects current pricing and costs, and the company has expanded its land position to target extensions.
Positive factors
- NI 43-101 compliant
- Independent QP sign-off
- Expansion potential noted via land acquisition
Negative factors
- 100% Inferred resource
- Historical data basis
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 estimate was completed following NI 43-101 standards.
Evidence · text
“completed a current National Instrument (" NI ") 43-101 inferred resource estimate”
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 Qualified Person.
Evidence · text
“prepared by WSP Canada Inc.'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: The document does not explicitly state the cut-off grade for the total inferred resource, though it mentions specific cut-offs for the pit and underground components.
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 Project · goldTonnes: 9397000Grade: 0.93Grade Unit: g/tContained Metal: 281581Contained Unit: oz.View all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:a73306e62af56cba8e45
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource.
Negative factors
- Inferred category
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 Project · silverTonnes: 9397000Grade: 6.38Grade Unit: g/tContained Metal: 1926652Contained Unit: oz.View all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:a73306e62af56cba8e45
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Silver byproduct in pit resource.
Negative factors
- Inferred category
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 Project · goldTonnes: 170000Grade: 2.76Grade Unit: g/tContained Metal: 11114Contained Unit: oz.View all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:c62e574f8f6ba78abcf6
- Deposit or zone
- U/G
- Mining method
- underground
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Higher grade underground component but very low tonnage.
Positive factors
- Higher grade than pit
Negative factors
- Low tonnage
- Inferred category
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 Project · silverTonnes: 170000Grade: 17.51Grade Unit: g/tContained Metal: 95926Contained Unit: oz.View all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:c62e574f8f6ba78abcf6
- Deposit or zone
- U/G
- Mining method
- underground
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Silver byproduct in underground resource.
Negative factors
- Inferred category
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 Project · goldTonnes: 9397Grade: 0.93Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:1c7c3f094563be955a6a
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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 Project · silverTonnes: 9397Grade: 6.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:1c7c3f094563be955a6a
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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 Project · goldTonnes: 170Grade: 2.76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ae8c0c093f46fd53b700
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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 Project · silverTonnes: 170Grade: 17.51Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:ae8c0c093f46fd53b700
- Deposit or zone
- Pit
- Mining method
- open_pit
- Material type
- unknown
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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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 Project · goldTonnes: 9567Grade: 0.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:80059720c42cc15c7cc7
- 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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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 Project · silverTonnes: 9567Grade: 6.58Grade Unit: g/tView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2020-10-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Todd McCracken
- Resource group id
- resource:80059720c42cc15c7cc7
- 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
- 2020-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2020-10-21T00:00:00.000Z
Reasoning: Large tonnage pit-constrained inferred resource. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category
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.