Apr. 20, 2021
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.
In 2020, Smooth Rock engaged WSP Canada Inc. to update and complete a current resource estimation of the Palmetto Project, (Palmetto Resource Estimation and Technical Report, October 20, 2020) using drill data up to October 2017 and applying certain economic constraints. 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 mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource.
|Classification||Tonnes (000’s)||Au g/t||Ag g/t||Au oz.||Ag oz.|
Smooth Rock considers this a current resource estimation, that is reliable and relevant completed by WSP Canada Inc. (Palmetto Resource Estimation and Technical Report, October 20, 2020) on behalf of Smooth Rock Ventures Corp. The mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource is summarized in the table above.