TSX.V : SOCK OTC: SMRVF

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

  1. Rickydi

    Rickydi 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 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 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 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 Member

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  6. Rickydi

    Rickydi 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 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 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 Member

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

    Rickydi 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 Member

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

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