Smooth Rock Completes Palmetto Project Acquisition
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, Agreement transaction
- Extracted
- 2026-09-16 23:15:26 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Smooth Rock Ventures Corp. has completed the acquisition of a 100% interest in the Palmetto Project in Nevada for a total of $500,000 USD. The company has engaged WSP Canada Inc. to upgrade the project's historical NI 43-101 compliant inferred resource into a current mineral resource estimate.
Reasoning: The company completed an acquisition of a gold-silver project and immediately announced plans to upgrade a historical resource, providing a clear path for value creation.
Positive factors
- Acquisition of 100% interest in Palmetto Project completed
- Retained WSP to upgrade historical resource to current resource
- Historical resource includes significant gold and silver ounces
Negative factors
- Resource is historical and not treated as current by the company
Facts used in scoring: 8
Classification and evidence
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The company explicitly states it is not treating the resource as current and considers it an historical estimate.
Evidence · text
“Smooth Rock Ventures Corp. is not treating this as current mineral resource and considers this an historical estimate.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The historical resource was completed using NI 43-101 standards of practice.
Evidence · text
“The historic mineral resource estimation was 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: The release mentions the technical content was reviewed and approved by an independent Qualified Person.
Evidence · text
“verified and approved by E. Gauthier, geol., Eng (OIQ), a consultant of the Company, and an independent Qualified Person”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Resource Estimates (8)
inferredPalmetto Project · goldTonnes: 10134000Grade: 0.95Grade Unit: g/tContained Metal: 310360Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Resource group id
- resource:12c6f8a4dd39433df19c
- Deposit or zone
- Inferred (Pit)
Resource Data
- Category
- inferred
- Tonnes
- 10134000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 310360
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated.
Negative factors
- Historical data
Evidence · table
“0.95”
Context: 10,134
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · silverTonnes: 10134000Grade: 7.29Grade Unit: g/tContained Metal: 2374120Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Resource group id
- resource:12c6f8a4dd39433df19c
- Deposit or zone
- Inferred (Pit)
Resource Data
- Category
- inferred
- Tonnes
- 10134000
- Grade
- 7.29
- Grade Unit
- g/t
- Contained Metal
- 2374120
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated.
Negative factors
- Historical data
Evidence · table
“7.29”
Context: 10,134
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · goldTonnes: 98000Grade: 3.6Grade Unit: g/tContained Metal: 11305Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Resource group id
- resource:c2f428df79c8d5aebc7c
- Deposit or zone
- Inferred (U/G)
Resource Data
- Category
- inferred
- Tonnes
- 98000
- Grade
- 3.6
- Grade Unit
- g/t
- Contained Metal
- 11305
- Contained Unit
- oz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: High grade underground intercept.
Negative factors
- Historical data
Evidence · table
“3.60”
Context: 98
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · silverTonnes: 98000Grade: 10.8Grade Unit: g/tContained Metal: 33910Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Resource group id
- resource:c2f428df79c8d5aebc7c
- Deposit or zone
- Inferred (U/G)
Resource Data
- Category
- inferred
- Tonnes
- 98000
- Grade
- 10.8
- Grade Unit
- g/t
- Contained Metal
- 33910
- Contained Unit
- oz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: High grade underground intercept.
Negative factors
- Historical data
Evidence · table
“10.80”
Context: 98
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · goldTonnes: 10134Grade: 0.95Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:391516c39f0c16b566d9
- Deposit or zone
- Inferred (Pit)
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 10134
- Grade
- 0.95
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Metal Equivalent
- Metal Eq. Grade
- 1.05
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“0.95”
Context: 10,134
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · silverTonnes: 10134Grade: 7.29Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:391516c39f0c16b566d9
- Deposit or zone
- Inferred (Pit)
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 10134
- Grade
- 7.29
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Metal Equivalent
- Metal Eq. Grade
- 1.05
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“7.29”
Context: 10,134
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · goldTonnes: 98Grade: 3.6Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:86ee556e36c30956abb9
- Deposit or zone
- Inferred (Pit)
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 98
- Grade
- 3.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Metal Equivalent
- Metal Eq. Grade
- 3.74
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“3.60”
Context: 98
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this release
inferredPalmetto Project · silverTonnes: 98Grade: 10.8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palmetto Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SOCK
Resource scope
- Estimate type
- resource
- Effective date
- 2018-04-26T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:86ee556e36c30956abb9
- Deposit or zone
- Inferred (Pit)
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 98
- Grade
- 10.8
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2018-04-26
Metal Equivalent
- Metal Eq. Grade
- 3.74
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-04-26T00:00:00.000Z
Dates
- Event date
- 2020-07-28T00:00:00.000Z
Reasoning: Represents a significant historical resource being restated/re-evaluated. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Historical data
Evidence · table
“10.80”
Context: 98
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.3 years before this 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.