Nov. 26, 2021
Vancouver, B.C. November 26, 2021 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSX.V: SOCK; US OTC: SMRVF) is pleased to announce that it has filed an Amended Notice of Intent (the “NOI”) exploration permit with the U.S. Bureau of Land Management (the “BLM”) to conduct further drilling on the 100% owned Palmetto Gold project, located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.
The NOI exploration permit with the BLM covers the disturbance areas created to establish drill road access and drill sites within the Palmetto Project. The Company, when possible, attempts to drill multiple holes from single drill pads on existing roads to minimize the amount of surface disturbance created by drilling activities. This practise will allow the Company to drill many more holes under a NOI than would be possible if each drill hole was drilled from a single drill site. The Company can amend the NOI exploration permit over the next 2 years to increase the permitted disturbance areas for additional drill sites and access roads at the Palmetto Project.
The Company is planning for an early 2022 drill program at the Palmetto project, based on the success of its initial 2021 drill program. Drill hole SRV 21-01 returned 31.4 g/t Au over 6.5 meters, including 44.3g/t Au over 0.8 meters, and 122.5 g/t Au over 1.1 meters from a depth of approximately 85 meters.
The 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.
The 2021 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. The information from the compilation and interpretation of the initial 2021 drill program will greatly aid in acceleration of drilling, geological mapping and understanding of the gold mineralization at the Palmetto project.
Finally, the Company announces Mr. Michel David has resigned as a director of the Company. Smooth Rock would like to thank Mr. David for his contributions to the Company and wishes him well in his future business endeavors.
About the Palmetto Project
Smooth Rock owns a 100% undivided interest in the Palmetto Project which is not subject to any 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 numerous companies including, Newmont Gold, Phelps Dodge Corp, Romarco Minerals, and most recently by ML Gold Corp. 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 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
President & CEO
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