The Gold market capitalization is about $2.5-3.0 trillion.

The total above-ground stock of physical gold is estimated to be around 190,000 tons. That’s about 6.1 billion ounces. At $1,200 per ounce, as of November 11, 2018, that comes to about $7.3 trillion.

The average daily trading volume for gold ranks among the largest financial assets in the world. In 2017, it was almost $200 billion per day in over-the-counter transactions. Gold is more heavily traded than many sovereign debt markets. Only Japanese Government Bonds and U.S. Treasuries are more liquid.

The Gold market is 250 X larger than the silver ($18 billion), platinum ($8 billion), and molybdenum ($5 billion) markets combined.

$18 BILLION

SILVER

$8 BILLION

PLATINUM

$5 BILLION

MOLYBDENUM

The Many Uses of Gold

​The most common use of gold is in jewellery (rings, necklaces, watches, etc.). Approximately 10% of the demand for gold is for use in technology applications, mostly as a component of microcircuitry in a range of electronic products.

Investors buy gold in the form of wafers, bars and coins, believed to offer a measure of protection from the risks of inflation and market volatility. Gold-bearing exchange-traded funds are another source of investment demand for gold.

Jewellery & Medical 55.5%

Direct Investment 25.8%

Technology 9.5%

Central Banks Net Purchases 9.2%

Gold Investment Highlights

Central banks bought 224.4t of gold in Q2 2019. This took H1 buying to 374.1t – the largest net H1 increase in global gold reserves in our 19-year quarterly data series. Buying was again spread across a diverse range of – largely emerging market – countries.

Holdings of gold-backed ETFs grew 67.2t in Q2 to a six-year high of 2,548t. The main factors driving inflows into the sector were continued geopolitical instability, expectation of lower interest rates, and the rallying gold price in June.

A strong recovery in India’s jewellery market pushed demand in Q2 up 12% to 168.8t. A busy wedding season and healthy festival sales boosted demand, before the June price rise brought it to a virtual standstill. Indian demand drove global jewellery demand 2% higher y-o-y to 531.7t.

Bar and coin investment in Q2 sank 12% to 218.6t. Combined with the soft Q1 number, the H1 total ended at a ten-year low of 476.9t. A 29% y-o-y drop in China accounted for much of the global Q2 decline.

Gold supply grew 6% in Q2 to 1,186.7t. A record 882.6t for Q2 gold mine production and a 9% jump in recycling to 314.6t – boosted by the sharp June gold price rally – led the growth in supply. H1 supply reached 2,323.9t – the highest since 2016.

Gold prices shot to multi-year highs. The gold price broke through US$1,400/oz for the first time since 2013. Among the factors driving this rally were expectations of lower interest rates and political uncertainty, with further support coming from strong central bank buying.

 

Gold Hub August 1, 2019

Palmetto (Red Rock) Project, Nevada

Smooth Rock has an Option To Purchase Agreement to acquire a 100% undivided interest in 79 unpatented mining claims totalling 1600 acres in the  Palmetto Project, Nevada. The Palmetto Project is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend. Smooth Rock can purchase an one hundred percent (100%) undivided interest in the Palmetto Property for a total purchase price of $500,000.00 USD over a one year period. Initial payments totaling $250,000.00 USD were paid upon the signing Option To Purchase Agreement in July, 2019.  On or before one (1) year from the effective date of the Option to Purchase Agreement, a final payment of $250,000.00 USD.  Upon full payment of the purchase price, Smooth Rock will have acquired the Palmetto Project free and clear of any outstanding royalties.

The Palmetto Gold Project was previously explored by ML Gold Corp. The property has an historic resource estimation completed by WSP Canada Inc. (“WSP”) for ML Gold Corp. in 2017 (Palmetto Resource Estimation and Technical Report, April 26, 2018).  The mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource is summarized in the table below.

Classification

Tonnes (000’s)

Au

g/t

Ag

g/t

AuEq g/t

Au

oz.

Ag

oz.

AuEq

oz.

Inferred (Pit)

0.14 g/t AuEq cut-off

10,134

0.95

7.29

1.05

310,360

2,374,120

341,720

Inferred (U/G)

2.0 g/t AuEq cut-off

98

3.60

10.80

3.74

11,305

33,910

11,755

Total Inferred

       

321,665

2,408,030

353,475

The open pit estimation was calculated using a pit shell generated by applying certain economic constraints (ML Gold Corp. News Release Oct 2, 2017).

No exploration activities have been completed on the project since the completion of this mineral resource estimate, and Smooth Rock Ventures Corp. considers this historical estimate to be reliable and relevant.  To upgrade the historical mineral resource estimate to a current mineral resource estimate, the model and estimation will have to be reviewed and repeated by a qualified person and Smooth Rock is not treating this historic estimate as current mineral resources.

 

Chucker Project, Nevada 

Smooth Rock has an 100% undivided interest in 28 unpatented mining claims in the Chucker Project. The Chucker Project is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend.

The Chucker Project 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. Several altered and mineralized shear zones with metal rich quartz veins are exposed on the surface.

The property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Project 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 Project 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.

The Company has begun Phase I of the Chucker 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 2019, pending drilling permits.

 

Garfield Flats Project, Nevada

Smooth Rock has Exploration Agreement with Option to form a Joint Venture on the Garfield Flats Property with Walker River Resources Corp. Smooth Rock can earn an undivided fifty percent (50%) interest in the Garfield Flats Property by funding $600,000.00 in Exploration Expenditures over a two year period. For $300,000 in exploration expenditures within a one-year period an initial 25% interest of the Garfield Flats project. For an additional 25% interest $300,000 in exploration expenditures on or before the second anniversary. Upon earning an 50% interest a 50/50 joint venture will be formed between Walker River and Smooth Rock. Smooth Rock may accelerate any of the above earn-in periods at its option. Walker shall be the operator of the exploration during the earn-in period. The Garfield Property is subject to an underlying 2% Gross Production Royalty.

The Garfield Flats Project is within the Walker Lane shear zone, a 60-mile-wide 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.

The Garfield Flats Project is located adjacent to New Range Gold Corp’s Pamlico project. In close proximity to several past producing mines including the Bodie, Aurora, Borealis, Pamlico, Evening Star, Mabel, Mindoro and Camp Douglas Mines. Held by private interests for most of its history, Garfield Flats remains very underexplored with exceptional potential for new discoveries on several exploration targets with multiple zones.

The Company has also filed an independent technical report on the Garfield Flats Project (the “GF Technical Report”) authored by Robert D. Thomas Jr. CPG, an independent Qualified Person and prepared in accordance with NI 43-101, Standards of Disclosure for Mineral Projects. The GF Technical Report is available under the Company’s profile on SEDAR at

 www.sedar.com .

 

Presentations & Print

presentation

Management & Directors

Smooth Rock Ventures Corp is led by a seasoned management team with strong backgrounds in natural resource exploration throughout North America. With well over Seventy five years of cumulative experience SRV’s senior management team is very experienced in operations, exploration and corporate finance within the public market place.

Jeffrey Cocks, President Director

Mr. Cocks is currently Chief Executive Officer of West Isle Ventures, Ltd., a Canadian company that provides consulting, administrative and operational services to various sector start-ups, and natural resource companies. Mr. Cocks has an extensive financial, operational and administrative background, having over twenty five years’ experience with various sector start-ups and natural resource companies. He has managed numerous multi-million dollar exploration programs throughout the world for resource companies. He has served as a director/officer for several public companies both in the United States and Canada. Mr. Cocks has a degree from Simon Fraser University in its securities program.

Chris Hobbs, CA CFO, Director

Mr. Hobbs has worked with several public companies, accounting and securities firms in an accounting, management, director or CFO role in the past 20 years. Mr. Hobbs co-founded Pine Point Capital Advisors Inc., in January 2008 and has extensive experience in the investment banking sector. He served as a Senior Manager of KPMG LLP from 1990 to 1999. Mr. Hobbs is a member of the Chartered Accountants of Ontario and holds a bachelor of business administration degree from the Schulich School of Business at York University.

Michel David, BSc, Director

Mr. David has over 35 years of experience in geology and geophysics, base metal and precious metal exploration and mining. He obtained a BSc in geology from McGill University in 1975 and has managed numerous projects in southern Africa, Brazil, Colombia, the Philippines, Korea and throughout North America with emphasis in the Province of Quebec. Mr. David has been a director and officer of several mining exploration companies based in Val d’Or, Quebec. Under his guidance a number of these companies made significant gold discoveries exploring and developing both from surface and underground.

Eric Falardeau, Director

Mr. Falardeau is an independent director and member of the Company’s the Audit Committee. Eric has extensive experience in suppling industrial materials for the mining and various manufacturing industries. He is currently regional sales manager for a global industrial supply company, based out of Val d’Or Quebec in northwestern Quebec, Canada.

Latest News Releases

 

2019-08-08 SMOOTH ROCK REPORTS INITIAL PROSPECTING RESULTS FROM THE CHUCKER PROJECT

Mr. Jeffrey Cocks reports

August 8, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce initial prospecting results from Phase 1 of the Chucker Project’s summer exploration program. The Chucker Project is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend.

Initial prospecting of the Chucker Project by the Company returned up to 44.6 g/t Au from a mine dump. A total of 10 samples were collected from outcrops and mine dumps. These samples focused on mineralized shear zones and associated quartz veins, the results are detailed in Table 1.

Table 1. Preliminary Prospecting Results.

Sample Number

Material

Au

g/t

Ag

g/t

Cu

ppm

Zn

ppm

Pb

ppm

U

ppm

CH-1

Outcrop

5.630

7.3

169

723

1494

103

CH-2

Outcrop

0.117

2.6

20

302

691

37

CH-3

Outcrop

0.183

1.4

12

311

207

30

CH-4

Outcrop

0.196

0.7

15

185

60

30

CH-5

Outcrop

0.313

0.0

7

29

29

29

CH-6

Outcrop

0.097

0.7

12

63

48

44

CH-7

Mine Dump

44.600

>100

2544

2470

25800

480

CH-8

Mine Dump

0.193

5.4

97

297

764

33

CH-9

Outcrop

0.205

2.0

61

205

235

75

CH-10

Outcrop

0.118

0.6

13

300

305

30

The initial pass of sampling and mapping was conducted in early July 2019 to confirmed previous rock chip assays taken in 2011 by an previous lease holder. As shown in the table above high-grade gold and associated metals exist on the Chucker property. In addition, past exploration is limited to several very old historical 2-inch diameter drill holes evidenced by drill casing sticking out of the ground, no drill hole assays have been found. Significant historical mining consists of shafts, drifts, open cuts and prospect pits. Further results will be released as they become available.

Phase I of the exploration program on the Chucker Project consists 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 expected to be completed shortly. The Phase II drill program is expected to begin in September, following the compilation of the Phase I results and pending receipt of an exploration drilling permit from the U.S. Bureau of Land Management (the “BLM”).

 The 100% owned Chucker Project is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend. The Project 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. Several altered and mineralized shear zones with metal rich quartz veins are exposed on the surface.

The property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Project 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 Project 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.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ), a consultant of the Company, and an independent Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-07-31 SMOOTH ROCK COMPLETES OPTION TO PURCHASE AGREEMENT ON THE PALMETTO PROJECT

Mr. Jeffrey Cocks reports

July 31, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has completed an Option To Purchase Agreement to acquire a 100% undivided interest in 79 unpatented mining claims totalling 1600 acres in the  Palmetto Project, Nevada. The Palmetto Project is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

The Palmetto Gold Project was previously explored by ML Gold Corp. The property has an historic resource estimation completed by WSP Canada Inc. (“WSP”) for ML Gold Corp. in 2017 (Palmetto Resource Estimation and Technical Report, April 26, 2018).  The mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource is summarized in the table below.

Classification

Tonnes (000’s)

Au

 g/t

Ag

 g/t

AuEq g/t

Au

oz.

Ag

oz.

AuEq

oz.

Inferred (Pit)

0.14 g/t AuEq cut-off

10,134

0.95

7.29

1.05

310,360

2,374,120

341,720

Inferred (U/G)

2.0 g/t AuEq cut-off

98

3.60

10.80

3.74

11,305

33,910

11,755

Total Inferred

       

321,665

2,408,030

353,475

The open pit estimation was calculated using a pit shell generated by applying certain economic constraints (ML Gold Corp. News Release Oct 2, 2017).

No exploration activities have been completed on the project since the completion of this mineral resource estimate, and Smooth Rock Ventures Corp. considers this historical estimate to be reliable and relevant.  To upgrade the historical mineral resource estimate to a current mineral resource estimate, the model and estimation will have to be reviewed and repeated by a qualified person and Smooth Rock is not treating this historic estimate as current mineral resources.

Smooth Rock can purchase an one hundred percent (100%) undivided interest in the Palmetto Property for a total purchase price of $500,000.00 USD as follows: (a) $50,000.00 USD (paid) upon signing of a Letter of Intent (“LOI”)  for a 30-day option to purchase a 100% (one hundred percent) of the Property, the $50,000 USD option payment is credited towards the Purchase Price and (b) Upon completion of  due diligence and within 30 days of the signing date of the LOI, Smooth Rock will pay $200,000.00 USD. (paid) and (c) On or before one (1) year from the effective date of the Option to Purchase Agreement, a final payment of $250,000.00 USD.

Upon full payment of the above purchase price, the Company will have acquired the Palmetto Project free and clear of any outstanding royalties.

The Company also announces that Phase I of the exploration program on the Company’s 100% owned Chucker Project, consisting of reconnaissance prospecting, geological mapping, surface trenching, sampling and relocating historical workings is well underway. This reconnaissance program will provide accurate modern data to assist in the planning of the Phase II drill program. Phase I is expected to be completed shortly, initial results will be released as they become available. The Phase II drill program is expected to begin in September, following the compilation of the Phase I results and pending receipt of an exploration drilling permit from the U.S. Bureau of Land Management (the “BLM”).

The 100% owned Chucker Project is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend. The Project 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. Several altered and mineralized shear zones with metal rich quartz veins are exposed on the surface.

The property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Project 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 Project 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.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Caitlin Jeffs, PGeo, of Fladgate Exploration Consulting Corp, a consultant of the Company, and an independent Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-07-02 SMOOTH ROCK SIGNS LOI TO PURCHASE THE PALMETTO PROJECT

Mr. Jeffrey Cocks reports

July 2, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has signed an Letter of Intent (“LOI”) to complete a definitive Purchase Agreement to acquire a 100% undivided interest in 80 unpatented mining claims totalling 1600 acres in the  Palmetto Project, Nevada. The Palmetto Project is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

The Palmetto Gold Project was previously explored by ML Gold Corp. The property has an historic resource estimation completed by WSP Canada Inc. (“WSP”) for ML Gold Corp. in 2017 (Palmetto Resource Estimation and Technical Report, April 26, 2018).  The mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource is summarized in the table below.

Classification

Tonnes (000’s)

Au

 g/t

Ag

 g/t

AuEq g/t

Au

oz.

Ag

oz.

AuEq

oz.

Inferred (Pit)

0.14 g/t AuEq cut-off

10,134

0.95

7.29

1.05

310,360

2,374,120

341,720

Inferred (U/G)

2.0 g/t AuEq cut-off

98

3.60

10.80

3.74

11,305

33,910

11,755

Total Inferred

       

321,665

2,408,030

353,475

 

The open pit estimation was calculated using a pit shell generated by applying certain economic constraints (ML Gold Corp. News Release Oct 2, 2017).

No exploration activities have been completed on the project since the completion of this mineral resource estimate, and Smooth Rock Ventures Corp. considers this historical estimate to be reliable and relevant.  To upgrade the historical mineral resource estimate to a current mineral resource estimate, the model and estimation will have to be reviewed and repeated by a qualified person and Smooth Rock is not treating this historic estimate as current mineral resources.

Smooth Rock can purchase an undivided one hundred percent (100%) undivided interest in the Palmetto Property for a total purchase price of $500,000.00 USD as follows: (a) $50,000.00 USD (paid) upon signing of the Letter of Intent for a 30-day option to purchase a 100% (one hundred percent) of the Property, the $50,000 USD option payment will be credited towards the Purchase Price and (b) Upon satisfactory completion of  due diligence, within 30 days of the date of the LOI, and/or within five (5) business days of TSX Venture Exchange approval, Smooth Rock shall pay $200,000.00 USD. and (c) On or before one (1) year from the date of the signing of the LOI a final payment of $250,000.00 USD.

Upon full payment of the above purchase price, the Company will have acquired the Palmetto Project free and clear of any outstanding royalties. The Company expects to complete its respective due diligence and execute a definitive Purchase Agreement within the next 30 days.

The Company also announces that phase I of the exploration program on the Garfield Flats Project with Walker River Resources Corp. (TSX.V:WRR) (see news release 06-07-19) is underway. Phase I of the Garfield Flats exploration program will consist of reconnaissance prospecting, geological mapping, surface trenching, relocating historical workings and 282 kilometers (175 miles) of ground based geophysical surveying. This Phase I program will provide accurate modern data to assist in the planning of the phase II drill program. Phase I is expected to last for six to eight weeks, with phase II expected to begin following the compilation of the phase I results, later in 2019.

The Garfield Flats Project is within the Walker Lane shear zone, a 60-mile-wide 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.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Caitlin Jeffs, PGeo, of Fladgate Exploration Consulting Corp, a consultant of the Company, and an independent Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-06-27 SMOOTH ROCK SIGNS OPTION TO PURCHASE AGREEMENT ON THE CHUCKER PROJECT

Mr. Jeffrey Cocks reports

June 27, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has signed an Option to Purchase Agreement (“the Agreement”) to acquire a 100% undivided interest in 28 unpatented mining claims in the Chucker Project. The Chucker Project is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend.

The Chucker Project 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. Several altered and mineralized shear zones with metal rich quartz veins are exposed on the surface.

The property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Project 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 Project 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.

Smooth Rock can purchase an undivided one hundred percent (100%) undivided interest in the Chucker Property as follows: (i) $10,000.00 USD (paid) upon signing of the option to purchase agreement. (ii) the issuance of 2,000,000 common shares of the Company within 5 business days upon receiving TSX Venture Exchange Approval. (iii) On or before one (1) year from the date of the signing of the Agreement a final payment of $10,000.00 USD.

The Chucker Property is subject to an 1.5% Gross Production Royalty payable to the property vendor, of which one-half (.5%) of a percent may be purchased from the Vendor at any time prior to Commencement of Commercial Production for a cash payment of $200,000.00.

The Company has begun Phase I of the Chucker 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 2019, pending drilling permits.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by E. Gauthier, geol., Eng (OIQ), a consultant of the Company, and an independent Qualified Person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-06-07 SMOOTH ROCK SIGNS EXPLORATION AGREEMENT WITH WALKER RIVER ON THE GARFIELD FLATS PROJECT

Mr. Jeffrey Cocks reports

June 7, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has signed a definitive Exploration Agreement with Option to form a Joint Venture on the Garfield Flats Property with Walker River Resources Corp. (TSX.V:WRR)

Smooth Rock can earn an undivided fifty percent (50%) interest in the Garfield Flats Property by funding $600,000.00 in Exploration Expenditures as follows: (a) for an initial 25% interest of the Garfield Flats project $300,000 in exploration expenditures within a one-year period and (b) for an additional 25% interest $300,000 in exploration expenditures on or before the second anniversary and (c) upon earning an 50% interest a 50/50 joint venture will be formed between Walker River and Smooth Rock.

Smooth Rock may accelerate any of the above earn-in periods at its option. Walker shall be the operator of the exploration during the earn-in period. The Garfield Property is subject to an underlying 2% Gross Production Royalty.

The Company has also filed an independent technical report on the Garfield Flats Project (the “GF Technical Report”) authored by Robert D. Thomas Jr. CPG, an independent Qualified Person and prepared in accordance with NI 43-101, Standards of Disclosure for Mineral Projects. The GF Technical Report is available under the Company’s profile on SEDAR at www.sedar.com .

The Garfield Flats Project is within the Walker Lane shear zone, a 60-mile-wide 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.

The Garfield Flats Project is located adjacent to New Range Gold Corp’s Pamlico project. In close proximity to several past producing mines including the Bodie, Aurora, Borealis, Pamlico, Evening Star, Mabel, Mindoro and Camp Douglas Mines. Held by private interests for most of its history, Garfield Flats remains very underexplored with exceptional potential for new discoveries on several exploration targets with multiple zones.

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.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-05-15 SMOOTH ROCK CLOSES PRIVATE PLACEMENT

Mr. Jeffrey Cocks reports

May 15, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has closed its non-brokered private placement previously announced on March 27, 2019, for gross proceeds of $1,000,889.96 (the “Private Placement“) through the issuance of 14,298,428 units at a price of $0.07 per unit.

Each unit consisted of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.11 per common share for a period of 24 months following the date of issuance. 

The Company paid $38,855.20 in cash for finder’s fees on the private placement, along with 555,074 non-transferable finder’s warrants, each entitling its holder to acquire one common share at $0.11 for a two (2) year period after closing of the private placement.

All securities issued above are subject to a hold period expiring on September 16, 2019, being four months and one day after closing of the private placement. Proceeds of the private placement will be used for expenditures on the Garfield Flats project, future acquisitions and general working capital. The Private Placement is subject to final TSX Venture Exchange acceptance.

ON BEHALF OF THE BOARD

Jeffrey Cocks

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-05-03 SMOOTH ROCK ANNOUNCES AGM RESULTS

Mr. Jeffrey Cocks reports

May 3, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V SOCK) is pleased to announce that all resolutions tabled at the Company`s annual general meeting (“AGM”) held on May 2, 2019, were approved by the shareholders.

The following three incumbent directors were re-elected Jeffrey Cocks, Chris Hobbs and Michel David. Following the AGM, the board of directors re-appointed Jeffrey Cocks as CEO and President and Chris Hobbs as CFO and Corporate Secretary. Eric Falardeau was also appointed and joined Company’s board of directors.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-03-27 SMOOTH ROCK SIGNS LOI WITH WALKER RIVER ON THE GARFIELD FLATS PROJECT AND ARRANGES PRIVATE PLACEMENT

Mr. Jeffrey Cocks reports

March 27, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V:SOCK) is pleased to announce it has signed a letter of intent (“LOI”) with Walker River Resources Corp. (TSX.V:WRR) (“Walker River”), to enter into an Exploration Agreement with Option form a Joint Venture on the Garfield Flats Project, located in Mineral County, Nevada about 18 miles southeast of the town of Hawthorne, NV.

The Garfield Flats Project consists of 106 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 clearly demonstrate the potential of this relatively unexplored project for the discovery of significant gold mineralization.

The Garfield Flats Project is within the Walker Lane shear zone, a 60-mile-wide 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.

The Garfield Flats Project is located adjacent to New Range Gold Corp’s Pamlico project. In close proximity to several past producing mines including the Bodie, Aurora, Borealis, Pamlico, Evening Star, Mabel, Mindoro and Camp Douglas Mines. Held by private interests for most of its history, Garfield Flats remains very underexplored with exceptional potential for new discoveries on several exploration targets with multiple zones.

Smooth Rock has signed an “LOI” with Walker River to negotiate a definitive Exploration Agreement with Option to form a Joint Venture on the Garfield Flats Property. Smooth Rock can earn an undivided fifty percent (50%) interest in the Garfield Flats Property by funding $600,000.00 in Exploration Expenditures as follows: (a) for an initial 25% interest of the Garfield Flats project $300,000 in exploration expenditures within a one-year period and (b) for an additional 25% interest $300,000 in exploration expenditures on or before the second anniversary and (c) a 50/50 joint venture will be formed between Walker River and Smooth Rock.

Smooth Rock may accelerate any of the above earn-in periods at its option. Walker shall be the operator of the exploration during the earn-in period. The Garfield Property is subject to an underlying 2% Gross Production Royalty.

The parties expect to complete their respective due diligence and execute a definitive Exploration Agreement with Option form a Joint Venture to replace the LOI within the next 30 days.

The Company also announces it is arranging a non-brokered private placement for aggregate gross proceeds of up to $1,000,000 (the “Private Placement“) through the issuance of 14,285,714 units at a price of $0.07 per unit.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.11 per common share for a period of 24 months following the date of issuance.  The Company may pay a finder’s fee on all or a portion of the private placement in accordance with the policies of the TSX Venture Exchange.

Proceeds of the private placement will be used for work on the Company’s mineral properties and general working capital. The Private Placement is subject to TSX Venture Exchange acceptance.

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.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2019-03-01 SMOOTH ROCK ISSUES STOCK OPTIONS

Mr. Jeffrey Cocks reports

March 1, 2019 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V SOCK) has granted 2,500,000 incentive stock options to certain officers, directors, consultants and employees of the company to purchase up to a total of 2,500,000 common shares of the company at a price of $0.075 per common share for a period of five years.

The stock options are subject to the terms of the company’s stock option plan and the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2018-06-15 Smooth Rock Anounces AGM Results

Mr. Jeffrey Cocks reports

June 15, 2018 – Smooth Rock Ventures Corp.  (“Smooth Rock” or the “Company”) (TSX.V SOCK) is pleased to announce that all resolutions tabled at the Company`s Annual Meeting held on June 13, 2018, were approved by the shareholders.

Two incumbent directors, being Mr. Jeffrey Cocks and Mr. Chris Hobbs, newly nominated director, Mr. Michel David, were elected for the ensuing year. All other resolutions were unanimously passed at the Annual meeting.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2018-02-16 Smooth Rock Signs Assignment Agreement

Mr. Jeffrey Cocks reports

February 16, 2018 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”)  (TSX.V SOCK) announces it has entered into an assignment agreement (the “Assignment Agreement”) with Texas General Oil & Gas, LP (“Texas Oil”) that cancels an existing escrow agreement (the“ Escrow Agreement”) and assigns all of the Company’s beneficial rights and claims relating to a Farm In Agreement, which incorporated a joint operating agreement (the “Farm-In Agreement”) between the Company and Anderson County Land Company, Inc. (“ACLC”) dated February 6, 2013, on the Days Chapel EOR Project, located in Anderson County, East Texas to Texas Oil (the “Days Chapel Project”).

As a result of the Escrow Agreement being cancelled, Texas Oil will forfeit its rights to the remaining escrowed common shares being 6,953,032 (27,812,128 pre-consolidation) common shares and 100 Preferred Shares (the “Escrowed Shares”), in exchange for the release of the US$2,000,000 from escrow to Texas Oil. The Escrowed Shares will be cancelled and returned to treasury, such that the Company’s issued and outstanding shares will be reduced by 6,953,032 common shares.

Pursuant to the Assignment Agreement, the Company will assign all its beneficial rights and claims (the “Rights”) with regards to its interests in the Days Chapel Project, including, the Company’s current and ongoing civil claims with ACLC in the Supreme Court of British Columbia Canada (the “ACLC Litigation”) to Texas Oil.

The ACLC Litigation relates to a Civil and Civil Counter Claim in the Supreme Court of British Columbia Canada, regarding the Farm In Agreement. The Company also filed a Petition against ACLC and three of its principals in the District Court of Anderson County, Texas.

In exchange for assigning the Rights to Texas Oil, Texas Oil will incur all costs of the ACLC Litigation (the “Litigation Costs”) from the date of the Assignment Agreement and will: (a) pay the Company 50% of any cash from the ACLC Litigation, in excess of the Litigation Costs, which Texas Oil will first be reimbursed for; and (b) assign the Company 50% of any leases minerals, or other interests acquired from the ACLC Litigation which Texas Oil will purchase, lease or sublease such for their then prevailing market price in the area as represented by recent transactions.

The Company received TSX Venture Exchange approval of the Assignment Agreement.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2018-01-24 Smooth Rock Annouces Director Resignation

Mr. Jeffrey Cocks reports

January 24, 2018 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”)                  (TSX.V SOCK) wishes to announce the resignation of Douglas W. Strebel as a director of the Company. The Company would like to thank Mr. Strebel for his contributions to the Company during his appointment to the Board of Directors. Mr. Christopher Hobbs, CA current Chief Financial Officer, has been appointed to its board of directors.

All securities to be issued in connection with the option agreement shall be subject to a four-month hold period in accordance with applicable securities legislation.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2018-01-11 Smooth Rock Closes Mattagami River Zinc Property Acquisition

Mr. Jeffrey Cocks reports

January 11, 2018 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”)  (TSX.V SOCK) announces it has closed the previously announced (June 1, 2017 and December 19, 2018) option agreement to acquire a 100-per-cent interest in the Mattagami River zinc property, located in Agate and Tucker townships of the Porcupine mining division of Northeastern Ontario.

The Mattagami property comprises 14 unpatented mining claims totalling 204 units having a combined area of approximately 3,300 hectares, located approximately 50 kilometres northeast of the town of Kapuskasing.

Smooth Rock can earn a 100-per-cent interest in the property under the terms of the amended option agreement by: (a) issuing 6.5 million common shares in the capital of Smooth Rock and paying $25,000 cash within five business days upon receiving TSX Venture Exchange approval, and (b) paying $25,000 cash 12 months from the execution of the option agreement. The property is subject to an underlying 2-per-cent net smelter returns royalty, of which 1.5 per cent may be purchased by the company for $1-million.

All securities to be issued in connection with the option agreement shall be subject to a four-month hold period in accordance with applicable securities legislation.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2018-01-03 Smooth Rock Closes Private Placement

Mr. Jeffrey Cocks reports

January 3, 2018 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSX.V: “SOCK”) is pleased to report it has closed its non-brokered private placement previously announced on December 15, 2017, for gross proceeds of $300,000.00.

The non-brokered private placement consisted of 4,285,714 units (the “Units”, and each a “Unit”) at a price of $0.07 per Unit for gross proceeds of $300,000 (the “Private Placement”).

Each Unit consists of one common share (the “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant shall be exercisable into one common share of the Company at a price of $0.10 per common share for a period of 24 months following the date of issuance.

All securities issued above are subject to a hold period expiring on April 28, 2018, being four months and one day after closing of the private placement.

Proceeds of the private placement will be used for work on the Company’s mineral properties and for general working capital.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2017-12-19 Smooth Rock Announces Amendment to Terms to Acquire Mattagami River Zinc Property

Mr. Jeffrey Cocks reports

December 19, 2017 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”)   (TSX.V SOCK) has amended the terms of the previously announced (June 1, 2017) Option Agreement to acquire a 100% interest in the Mattagami River Zinc Property (“Mattagami” or the “Property”), located in Agate and Tucker Townships of the Porcupine Mining Divisions of Northeastern Ontario. The Mattagami property is comprised of 14 unpatented mining claims totaling 204 units having a combined area of approximately 3,300 hectares, located approximately 50 km northeast of the town of Kapuskasing.

The terms of the agreement have been amended such that Smooth Rock can earn a 100% interest in the Property under the terms of the Option Agreement by: (a) issuing 6,500,000 common shares in the capital of Smooth Rock and paying $25,000 cash within 5 business days upon receiving TSX Exchange Approval and (b) paying $25,000 cash 12 months from the execution of the Option Agreement. The Property is subject to an underlying 2% Net Smelter Returns (NSR) royalty, of which 1.5% may be purchased by the Company for $1-million.

The closing of the transaction is subject to a number of conditions, including  final TSX Venture Exchange approval.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2017-12-15 Smooth Rock Announces Private Placement

Mr. Jeffrey Cocks reports

December 15, 2017 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”)  (TSX.V SOCK) announces subject to regulatory approval, it has arranged a non-brokered private placement of up to 4,285,714 units (the “Units”, and each a “Unit”) at a price of $0.07 per Unit to raise aggregate proceeds of up to $300,000 (the “Private Placement”).

Each Unit shall consist of one common share (the “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant shall be exercisable into one common share of the Company at a price of $0.10 per common share for a period of 24 months following the date of issuance.

Proceeds of the private placement will be used for work on the Company’s mineral properties and for general working capital.

All securities to be issued in connection with the Private Placement shall be subject to a four-month hold period in accordance with applicable securities legislation. Closing of the Private Placement shall be subject to receipt of acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: info@smoothrockventures.com

Website: www.smoothrockventures.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

2017-11-14 18:10 ET - Trinity Valley to roll back 1:4, change name Nov. 15

Mr. Jeffrey Cocks reports

TRINITY VALLEY ANNOUNCES SHARE CONSOLIDATION, NAME CHANGE, AND DIRECTOR RESIGNATION

Trinity Valley Energy Corp.’s board of directors has approved a consolidation of the company’s issued and outstanding common shares on the basis of one post-consolidation common share for four pre-consolidation common shares and a change of corporate name.

Effective at the opening of trading on Nov. 15, 2017, the common shares of the company will commence trading on the TSX Venture Exchange under the new corporate name of Smooth Rock Ventures Corp. and the new trading symbol, SOCK.

On a pre-consolidation basis, the company has 73,530,320 issued and outstanding common shares and will have 18,382,584 issued and outstanding common shares post-consolidation. The company will not issue any fractional shares as a result of the consolidation. Where the exchange results in a fractional share, each fractional share remaining after conversion that is less than one-half of a share will be cancelled, and each fractional share that is at least one-half of a share will be changed to one whole share.

The new Cusip number is 83268K108, and ISIN is CA83268K1084. Letters of transmittal describing the process by which shareholders may obtain new certificates or direct registration advice representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. The letter of transmittal will be filed under the company’s profile on SEDAR.

The consolidation and the change of corporate name have been approved by the TSX-V, which issued a related bulletin on Nov. 10, 2017.

In other corporate news, the company announces the resignation of Donald Campo from its board of directors to pursue other interests. The company wishes to thank Mr. Campo for his support of the company during his tenure as a director.

 

 

 

2017-11-10 16:52 ET - Change Name, Roll Back Shares

Also New Listing (C-SOCK) Smooth Rock Ventures Corp

Pursuant to a resolution passed by shareholders Oct. 25, 2017, the company has consolidated its capital on a one-new-for-four-old basis. The name of the company has also been changed as follows.

Effective at the opening, Wednesday, Nov. 15, 2017, the common shares of Smooth Rock Ventures Corp. will commence trading on the TSX Venture Exchange, and the common shares of Trinity Valley Energy Corp. will be delisted.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 18,382,584 shares are issued and outstanding

Escrow:  nil

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  SOCK (new)

Cusip No.:  83268K108 (new)

 

2017-11-10 16:52 ET - New Listing...Trinity Valley name change to Smooth Rock, rollback

Mr. Jeffrey Cocks reports

See Change Name, Roll Back Shares (C-TE) Trinity Valley Energy Corp

Pursuant to a resolution passed by shareholders Oct. 25, 2017, the company has consolidated its capital on a one-new-for-four-old basis. The name of the company has also been changed as follows.

Effective at the opening, Wednesday, Nov. 15, 2017, the common shares of Smooth Rock Ventures Corp. will commence trading on the TSX Venture Exchange, and the common shares of Trinity Valley Energy Corp. will be delisted.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 18,382,584 shares are issued and outstanding

Escrow:  nil

Transfer agent:  Computershare Investor Services Inc.

Trading symbol:  SOCK (new)

Cusip No.:  83268K108 (new)

 

 

 

2017-06-01 12:35 ET - Trinity Valley options Mattagami River zinc property

Mr. Jeffrey Cocks reports

TRINITY TO ACQUIRE THE MATTAGAMI RIVER ZINC PROPERTY

Trinity Valley Energy Corp. has signed an option agreement to acquire a 100-per-cent interest in the Mattagami River zinc property, located in Agate and Tucker townships of the Porcupine mining division of Northeastern Ontario. The Mattagami property comprises 14 unpatented mining claims totalling 204 units having a combined area of approximately 3,300 hectares, located approximately 50 kilometres northeast of the town of Kapuskasing.

The company has identified the Mattagami River area as being highly prospective for the discovery of a world-class Broken Hill-type sedimentary exhalative (sedex) zinc-lead-silver-gold deposit. Other examples of sedex deposits are Cannington in Australia (operated by South 32) and Zinkgruvan in Sweden (operated by Lundin Mining).

Zinc mineralization was first discovered on the property by Canico (Inco) in 1966. Canico intersected zinc mineralization spread over a seven-kilometre horizon, returning assay results up to 13.7 metres with an average grade of 2.28 per cent zinc in hole BH32325.

The property lies north of Argo Gold Inc.’s Hurdman zinc-lead-silver-gold property. Historical drill hole intercepts on Hurdman of up to 7.3 metres with an average grade of 4.99 per cent zinc, 26.57 grams per tonne silver and 0.25 gram per tonne gold, including 2.2 metres grading 10.37 per cent zinc, 57.68 grams per tonne silver and 1.37 grams per tonne gold in hole ELO-06-12, have been reported (see Eloro Resources Ltd.’s news release dated May 2, 2006). The mineralization hosted on the Hurdman zinc-lead-silver-gold property is not necessarily indicative of the mineralization hosted on the Mattagami River zinc property.

Trinity can earn a 100-per-cent interest in the property under the terms of the option agreement by: (a) issuing 11.5 million common shares in the capital of Trinity and $25,000 cash payable within five business days upon receiving TSX Venture Exchange approval; and (b) issuing 1.5 million common shares in the capital of Trinity and $25,000 cash 12 months from the execution of the option agreement. The property is subject to an underlying 2-per-cent net smelter return royalty, of which 1.5 per cent may be purchased by the company for $1-million.

The closing of the transaction is subject to a number of conditions, including due diligence, the completion of a National Instrument 43-101 technical report on the property and obtaining all necessary regulatory approvals, including TSX-V approval.

The company also announces that, subject to regulatory approval, it is arranging a non-brokered private placement for aggregate gross proceeds of up to $750,000 through the issuance of 15 million units at a price of five cents per unit.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the company at a price of 10 cents per common share for a period of 24 months following the date of issuance.

The warrants shall contain an acceleration provision that, in the event the closing sale price of Walker’s shares on the TSX-V is 20 cents or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.

The company will also pay a finder’s fee in accordance with the policies of the TSX-V.

Proceeds of the private placement will be used for work on the company’s Mattagami River zinc property and for general working capital.

The private placement is subject to TSX-V acceptance.

The technical content of this news release has been reviewed and approved by Caitlin Jeffs, PGeo, an independent qualified person as defined by NI 43-101.

 

TSXV:SOCK Stock Quote

Clicking the button below will open a stock quote in another window.

Contact

Phone

888.909.5548

E-Mail

info@smoothrockventures.com

Main Address

Suite 1080 – 789 West Pender Street,
Vancouver, BC, V6C 1H2

Field Office Address

103 S. Main St 
Yerington,NV 89447

Disclaimer

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information include, but are not limited to, statements regarding the Company’s exploration plans with respect to the Property and the estimation of oil reserves and are subject to such forward-looking risks, benefits of the recent acquisitions, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include oil price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations and other risks involved in the oil exploration and development industry as well as those risk factors discussed under “Risk Factors” in the Company’s MD&A available at www.sedar.com. There can be no assurance that a forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Smooth Rock Ventures Corp. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Subscribe To Receive News & Updates

Join our mailing list to receive the latest news and updates from Smooth Rock Ventures.

You have Successfully Subscribed!