TSX.V : SOCK OTC: SMRVF

Discussion in 'Penny Stocks' started by Rickydi, Mar 16, 2021.

  1. Rickydi

    Rickydi Active Member

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    Drilling program to be completed this week
    8 diamon drill holes

    The diamond drill program is designed to expand the current resource by drilling the mineralized zones laterally and drilling at depth below the present mineralization, targeting the high-grade feeder chutes, as well as exploring other areas of the project outside of the known resource area.

    Actual 43-101: 321,665 gold ounces, 2,408,030 Silver ounces

    Palmetto video:

     
  2. Rickydi

    Rickydi Active Member

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    SOCK completed 10 diamond drill holes in the best IP targets.
    Assay results should be out early next week.
    Following these reults Sock will update its 43-101 report
    Some insiders believe the new total will be near 1 million ounces of gold and the exploitation is open pit.
     
  3. Rickydi

    Rickydi Active Member

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    The diamond drill is now on the Garfield property
    Garfield is a JV SOCK-WRR 50-50
     
  4. Rickydi

    Rickydi Active Member

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    SOCK.V is the main listing
    Market is more active
    The company is well funded to keep drilling all 2021 @ Palmetto and Garfield
     
  5. Rickydi

    Rickydi Active Member

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  6. Rickydi

    Rickydi Active Member

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    10 Diamond Drill holes ready to be released next week
    43-101 will be updated with significant resource increased
    RC drilling in may on the Palmetto
     
  7. Rickydi

    Rickydi Active Member

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    Historical work
    Significant Historical Drillhole Intercepts at the Palmetto Project, Discovery Zone


    Hole # Interval Length Gold Silver Hole Type Company
    From (m) To (m) (m) (g/t) (g/t)
    RMR-4 (recalc.) 120.4 207.3 86.9 30.4 148.3 RC Romarco Minerals
    incl. (prev) 123.4 158.5 35.1 55.3 275.8
    RMR-14 (recalc.) 138.7 243.8 105.1 3.5 14.2 RC Romarco Minerals
    incl. (prev) 146.3 158.5 1 2.2 12.2 19
    RPC-90-907 (recalc.)122.3 155.4 33.1 20.5 63.3 Core Phelps Dodge
    incl. (prev) 122.3 128 5.7 23 99.4
    incl. (prev) 137.2 144.8 7.6 68 157.6
    RPR-89-14 (recalc.) 83.8 137.2 53.4 11.2 35 RC Phelps Dodge
    incl. (prev) 83.8 112.8 29 18.2 51.1
    RPR-89-19 (recalc.) 134.1 138.7 4.6 31.6 394.7 RC Phelps Dodg
     
  8. Rickydi

    Rickydi Active Member

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    The below table summarizes the pit constrained resource estimation at the 0.15 g/t gold cut-off and remaining underground resource estimation at the 2.0 g/t gold cut-off.

    341K Au OZ + 2,000K Ag Oz

    The above mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource. The drilling by the previous owners of the Property form the basis for the resource estimation. Mineral solids were interpreted using the geology, structure, alteration, and grades. A total of 10 mineral solids in 4 mineral domains have been defined in the resource model. Drillhole sample intervals within each solid were assessed for grade capping and composited to 1.5 m intervals. The block model was estimated using ordinary kriging. Pit shells were constrained using US$1,500/ounce gold price and US$2/tonne mining cost and US$5/tonnes processed (heap leach), 80% gold recovery and 52% silver recovery.

    There are several additional mineralized zones hosting significant grades within close proximity to the inferred resource zones. These zones have yet to be included in the resource estimate due to drilling density. Smooth Rock sees these areas having immediate potential to significantly increase the overall resource on the Palmetto gold project by increasing the drilling density between mineralized shells. Evidence suggests that there is significant potential to expand the resource in multiple directions.

    Smooth Rock recently increased the Palmetto Project's land position, acquiring an additional 37 claims totaling approximately 700 acres that cover potential extensions of mineralization.

    The Palmetto Gold Project has had significant exploration work completed to date by Newmont Gold, Phelps Dodge Corp, Cambior Inc., Romarco Minerals, Curran Corp., Amselco Minerals, Escape Gold Group Inc. and ML Gold Corp. To date, 173 drill holes totaling 43,940 meters have been completed on several targets within the Project. The initial "Discovery Hole" in 1988, was drilled by Phelps Dodge and bonanza gold silver veins were subsequently drilled by Romarco Minerals in 1997-2002.

    Smooth Rock's field crews have completed a detailed ground land survey of the Palmetto claim blocks. Field crews have successfully located most of the historical drill holes completed by the previous operators of the exploration programs on the Project.

    The data from the ground survey has been used in compilation with the 3D modeling data from WSP Canada Inc.'s Resource Estimation and Technical Report.
    Smooth Rock's geologists have determined drill hole collar locations for the upcoming drill program at Palmetto and the project is fully permitted
     
  9. Rickydi

    Rickydi Active Member

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    Keep SOCK.V on your radar
    News are expected very very very soon
     
  10. Rickydi

    Rickydi Active Member

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    PALMETTO GOLD PROJECT

    Smooth Rock Venture provides an update on the Company’s Palmetto Project, Esmeralda county, Nevada, USA. As part of the acquisition of the Palmetto Project, the Company took possession of: 1) all privately held hard copy: reports, drill logs, surveys, and other irreplaceable project records; 2) all historic geological, geophysical, and geochemical maps; 3) historic RC drill chips; 4) historic diamond drill core; 5) sample rejects; and 6) digital archive of all documents directly related to historical work on the property; 7) a 3D model. The 3D model gives a first-ever detailed view of the extent of the known mineralization.

    This model also gives the Company a significant advantage planning future drilling and exploration, potentially increasing the mineralization and possibly establishing a resource. Given the availability of all exploration records and the preservation of drill core and RC chips, the previous owner ML Gold did produce a first-ever resource estimate on the project by re-confirming certain results from historic drilling.

    Smooth Rock's field crews have completed a detailed ground land survey of the Palmetto claim blocks. Field crews have successfully located most of the historical drill holes completed by the previous operators of the exploration programs on the Project. The land survey was conducted with a Trimble Pro XRT2 L1/L2 GPS receiver capable of accuracies within 10 centimeters (4 inches).

    The data from the ground survey is now being used in compilation with the 3D modeling data from the historic resource estimation completed by WSP Canada Inc. ("WSP") (Palmetto Resource Estimation and Technical Report, April 26, 2018). Smooth Rock's geologists are presently determining drill hole collar locations for the upcoming drill program at Palmetto.

    History of the Palmetto Project

    Smooth Rock owns a 100% undivided interest in the Palmetto Project and is subject to no outstanding royalties. The Palmetto Project consists of 116 unpatented mining claims totalling 2217 acres located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

    The Palmetto Gold Project has had significant exploration work completed to date by Newmont Gold, Phelps Dodge Corp, Cambior Inc., Romarco Minerals, Curran Corp., Amselco Minerals, Escape Gold Group Inc. and most recently by ML Gold Corp. To date, 173 drill holes totaling 43,940 meters have been completed on several targets within the Project. The initial "Discovery Hole" in 1988, was drilled by Phelps Dodge and bonanza gold silver veins were subsequently drilled by Romarco Minerals in 1997-2002.

    The current mineral resource statement was updated by WSP to reflect a change in gold pricing and an adjustment in the mining costs in the generation of the constraining pit shells. The model and estimation were reviewed, repeated and prepared by WSP's author and independent qualified person, Todd McCracken, P.Geo. (Palmetto Resource Estimation and Technical Report, October 20, 2020).


    The above mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource. The drilling was done by the previous owners of the Property form the basis for the resource estimation. Mineral solids were interpreted using the geology, structure, alteration, and grades. A total of 10 mineral solids in 4 mineral domains have been defined in the resource model. Drill hole sample intervals within each solid were assessed for grade capping and composited to 1.5 m intervals. The block model was estimated using ordinary kriging. Pit shells were constrained using US$1,500/ounce gold price and US$2/tonne mining cost and US$5/tonnes processed (heap leach), 80% gold recovery and 52% silver recovery.

    Current exploration program

    There are several additional mineralized zones hosting significant grades within close proximity to the inferred resource zones. These zones have yet to be included in the resource estimate due to drilling density. Smooth Rock sees these areas having immediate potential to significantly increase the overall resource on the Palmetto gold project by increasing the drilling density between mineralized shells. Evidence suggests that there is significant potential to expand the resource in multiple directions.

    The recent diamond drill program was designed to expand the current resource by drilling the mineralized zones laterally and drilling at depth below the present mineralization, targeting the high grade feeders’ chutes, as well as exploring other areas of the project outside the known resource area.
     
  11. Rickydi

    Rickydi Active Member

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    ............Probably............Assays for the 1st 5 diamond drill holes to be released next week
     
  12. Rickydi

    Rickydi Active Member

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    Keep SOCK on your radar
    NEW PR Expected
     
  13. Rickydi

    Rickydi Active Member

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    SOCK

    Sahres outstanding 71 millions LESS 10 millions shares Restricted
     
  14. Rickydi

    Rickydi Active Member

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    SOCK MD&A

    On April 21, 2020, the Company entered into an exploration lease with option to purchase Agreement (the "Agreement") on the Giroux Project, located in Mineral County, Nevada, within the Walker Lane shear zone.


    The Garfield Flats Project consists of 59 unpatented mining claims having a combined area of approximately 858 hectares (2120 acres) that covers several past producing small-scale high-grade gold and copper mines, altered and mineralized zones discovered by previous geological compilations and mapping of the historical workings. Historical sampling on the project has revealed the presence of copper, bismuth, and antimony as well as pervasive lower grade gold mineralization, cut by vein structures (some previously mined) of higher-grade gold. Previous induced polarization surveys also denoted the presence of significant coincident I.P. anomalies. These factors demonstrate the potential of this relatively unexplored project for the discovery of gold mineralization. The Garfield Flats Project is within the Walker Lane shear zone, a 60-milewide structural corridor extending in a southeast direction from Reno, Nevada, located 18 miles southeast of Hawthorne, NV along U.S. Highway 95. The project has excellent year-round access and infrastructure within Mineral County, one of the most pro-mining counties in the pro-mining states and highest-grade gold districts of Nevada.

    Phase I of the Garfield Flats 2019 exploration program consisted of reconnaissance prospecting, geological mapping, relocating historical workings and ground based geophysical surveys. This initial reconnaissance program will provide accurate modern data to assist in the planning of the 2020 phase II surface trenching drill program. Phase II was expected to begin following the compilation of the phase I results, later in 2020. However, this was delayed from the impacts of the worldwide COVID-19 pandemic, that effected the Company Canadian based management’s ability to travel cross border, availability of field personal and various contractors. Phase II is expected to now be completed later in 2021, subject to field crew personnel availability.

    The Chucker Property is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend. The Chucker Property consists of 28 unpatented mining claims with a combined area of 226 hectares (560 acres) that covers numerous prospect pits and past producing small-scale high grade gold mines.

    The Chucker Property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Property is located within the intersection of the Walker Lane shear zone and associated Mina Deflection of the Walker Lane. This combination creates major fault zones or conduits for ascending mineralized solutions. From observation and historic assay values, gold, silver, lead, zinc and copper are found in amounts that demonstrate significant potential for exploration. There is no evidence of modern-day exploration or drilling on the property. The Chucker Property is located 60 miles southeast of Hawthorne, Nevada or 5 miles southwest of Marietta, Nevada, easily accessible via state and secondary roads with year-round access. The Chucker Project is located in close proximity to past producing mines such as Marietta Mines, Moho, and Camp Douglas. The core portion of the property has been held by private interests for over 40 years.


    Palmetto Property, SOCK owns 100% undivided interest in 79 unpatented mining claims totaling 1600 acres in the Palmetto Project, Nevada (the “Palmetto Property”). The Palmetto Property is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

    During the period ending December 31, 2020, the Company completed a re-evaluation and re-interpretation of the Palmetto geological model. This was followed up by reconnaissance prospecting, geological mapping, sampling and the relocation of historical workings. A Phase II initial drill program was planned for later in 2020, but was delayed from the impacts of the worldwide COVID-19 pandemic. The Phase II initial diamond drill program started in February 2021.


    The Giroux Project, located in Mineral County, Nevada, within the Walker Lane shear zone.

    The Company has begun Phase I of the Giroux exploration program which will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling, and relocating historical workings. This reconnaissance program will provide accurate modern data to assist in the planning of the phase II drill program. Phase I is estimated to last for three to four weeks, with phase II expected to begin following the compilation of the phase I results, later in 2020, pending drilling permits.

    As at December 31, 2020 there were 71,067,264 issued common shares and at the date of this MD&A there were 71,067,264 issued common shares.
     
  15. Rickydi

    Rickydi Active Member

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    Classification Tonnes (000's) Au g/t Ag g/t Au oz. Ag oz.

    Inferred (Pit) 9,397 0.93 6.38 281,581 1,926,652

    Resource 43-101 and open pit
    BLM permits are easy to obtain in Esmeralda County
     
  16. Rickydi

    Rickydi Active Member

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    Key facts
    The Garfield Flats Project approximately 858 hectares (2120 acres) that covers several past producing small-scale high-grade gold and copper mines,
    phase II surface trenching drill program..

    The Chucker Property consists of 28 unpatented mining claims with a combined area of 226 hectares (560 acres) that covers numerous prospect pits and past producing small-scale high grade gold mines.

    . The Chucker Project is located in close proximity to past producing mines such as Marietta Mines, Moho, and Camp Douglas. The core portion of the property has been held by private interests for over 40 years.

    Palmetto Property, SOCK owns 100% undivided interest in 79 unpatented mining claims totaling 1600 acres

    The Phase II initial diamond drill program started in February 2021.

    The Giroux Project, located in Mineral County, Nevada, within the Walker Lane shear zone.

    The Company has begun Phase I of the Giroux exploration program which will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling, and relocating historical workings. This reconnaissance program will provide accurate modern data to assist in the planning of the phase II drill program. As at December 31, 2020 there were 71,067,264 issued common shares and at the date of this MD&A there were 71,067,264 issued common shares.
     
  17. Rickydi

    Rickydi Active Member

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  18. Rickydi

    Rickydi Active Member

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    Commerzbank still see some more upside in gold

    We therefore expect the price to climb to $2,000 per troy ounce by year’s end.

    This is muchly in line with their technical department too as even before the recent price rise the team at Commerzbank projected a move higher in the yellow metal. For now, it seems that the bulls are very much in charge as gold continues to trade above $1900/oz.


    Source: https://www.kitco.com/news/2021-06-01/Commerzbank-still-see-some-more-upside-in-gold.html

    SMALL CAP GOLD COMPANY:

    SMOOTH ROCK VENTURE TSX.V: SOCK OTC: SMRVF

    https://smoothrockventures.com/

    43-101 Au Oz. 296,695 Ag Oz. 2,022,578
     
  19. Rickydi

    Rickydi Active Member

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    Smooth Rock drills 1.1 m of 122 g/t Au at Palmett0 2021-06-03 08:16 ET - News Release

    Mr. Alan Day reports

    SMOOTH ROCK DRILLS 122 G/T AU OVER 1.1 METERS AT PALMETTO

    Smooth Rock Ventures Corp. has released drill results from its initial 2021 diamond drill program at the 100-per-cent-owned Palmetto gold project, located in Esmeralda county, Nevada, within the southern portion of the Walker Lane gold trend.

    Drill hole SRV 21-01 returned 31.4 grams per tonne gold over 6.5 metres, including 44.3 g/t Au over 0.8 metre, and 122.5 g/t Au over 1.1 metres from a depth of approximately 85 metres.



    ASSAY TABLE: SUMMARY OF DRILL RESULTS

    Hole From To Length* Assay*
    (m) (m) (m) (Au g/t)

    SRV 21-01 85.3 91.8 6.5 31.44
    incl. 85.3 86.1 0.8 44.3
    incl. 86.1 87.2 1.1 122.5
    109.4 123.2 13.8 0.923
    incl. 114.9 119.5 4.6 3.16
    138.7 143 4.3 1.04
    SRV 21-02 102.4 105.2 2.8 1.73

    * Widths are drill-indicated core length as insufficient drilling has
    been undertaken to determine true widths at this time. Average grades
    are calculated with uncapped gold assays as insufficient drilling has
    been completed to determine capping levels for higher-grade gold
    intercepts.

    The company believes drill holes SRV 21-02 and 21-03 were collared and drilled on the downdip side of the mineralized zones and therefore did not intersect the high-grade feeder chutes.

    Drill hole SRV 21-04 was drilled for geological information outside of the inferred resource area, examining the structural aspects of the rhyolite dome intrusive, potentially responsible for the emplacement of the gold mineralization.

    The drill results align with Smooth Rock's interpreted geological model, based on the company's compilation of all historical data from previous drilling and exploration programs.

    This initial 2021 four-hole diamond drill program was designed to expand the current resource by drilling the mineralized zones as interpreted by the company's geological team. Drilling targeted potential high-grade feeder chutes contained in deformation corridors, paralleling the main structural trends and explored other areas of the project outside of the inferred resource area.

    About the Palmetto project

    Smooth Rock owns a 100-per-cent undivided interest in the Palmetto project, which is not subject to any outstanding royalties. The Palmetto project consists of 116 unpatented mining claims totalling 2,217 acres located in Esmeralda county, Nevada, within the southern portion of the Walker Lane gold trend.

    The Palmetto gold project has had significant exploration work completed to date by Newmont Gold, Phelps Dodge Corp., Cambior Inc., Romarco Minerals, Curran Corp., Amselco Minerals, Escape Gold Group Inc. and most recently by ML Gold Corp. To date, 173 drill holes totalling 43,940 metres have been completed on several targets within the project. The initial discovery hole in 1988, was drilled by Phelps Dodge and bonanza gold-silver veins were subsequently drilled by Romarco Minerals in 1997 to 2002.

    Sampling methodology, chain of custody, quality control and quality assurance

    All sampling was conducted under the supervision of the company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 10th sample. The Palmetto samples were delivered to American Assays Laboratories' certified laboratory facilities in Sparks, Nev. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 g gravimetric finish. Intensely altered samples used a two-kilogram pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction.

    Drill hole deviation was measured by gyroscopic downhole surveys that were completed on all holes by International Directional Services of Elko, Nev. Final drill collar locations are surveyed by differential GPS (Global Positioning System) by Mineral Exploration Services LLC, of Reno, Nev.

    The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, Geol, Eng (OIQ), an independent qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects
     
  20. Rickydi

    Rickydi Active Member

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    8 more diamond drill holes assays pending
     

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