# Smooth Rock Completes Palmetto Project Acquisition Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5 Original source: https://money.tmx.com/en/quote/SMRV/news/5243731656385340/smooth-rock-completes-palmetto-project-acquisition Publisher: tmx Original announcement: 2020-07-28T13:03:51.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Acquisition of 100% interest in Palmetto Project completed - Positive factor: Retained WSP to upgrade historical resource to current resource - Positive factor: Historical resource includes significant gold and silver ounces - Negative factor: Resource is historical and not treated as current by the company Facts used in scoring: 8 ## Classification and evidence **Historical Estimate Only** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-0) Palmetto Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 0.95 Context: 10,134 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-1) Palmetto Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 7.29 Context: 10,134 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-2) Palmetto Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 3.60 Context: 98 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-3) Palmetto Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 10.80 Context: 98 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-4) Palmetto Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 0.95 Context: 10,134 #### 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 Disclosed** Polarity: positive Definition: 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 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 Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-5) Palmetto Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 7.29 Context: 10,134 #### 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 Disclosed** Polarity: positive Definition: 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 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 Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-6) Palmetto Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 3.60 Context: 98 #### 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 Disclosed** Polarity: positive Definition: 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 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 Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/smooth-rock-completes-palmetto-project-acquisition--7a1e52e8-0e4b-4d64-8803-cdaddf9dcbc5#fact-resource-facts-7) Palmetto Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical data Evidence · table > 10.80 Context: 98 #### 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 Disclosed** Polarity: positive Definition: 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 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 Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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.