- Smooth Rock Ventures Corp. (SOCK) upcoming diamond drill program at the Palmetto Gold project is scheduled to begin next week
- The drill program was originally scheduled to begin mid January 2021, but was delayed due to COVID-19 related issues and restrictions
- Smooth Rock owns a 100 per cent undivided interest in the Palmetto Project
- The Palmetto Gold Project has had significant exploration work completed to date
- Smooth Rock Ventures Corp. is up 35.29 per cent to C$0.12 per share
Smooth Rock Ventures’ (SOCK) upcoming diamond drill program at the Palmetto Gold project is scheduled to begin next week.
The drill program was originally scheduled to begin mid January 2021, but was delayed due to COVID-19 related issues and restrictions.
Smooth Rock owns a 100 per cent undivided interest in the Palmetto Project (not subject to any outstanding royalties), consisting of 116 unpatented mining claims totaling 2217 acres located in Esmeralda County, Nevada.
In 2020, Smooth Rock’s field crews completed a detailed ground land survey of the claim blocks and located most of the historical drill holes. Smooth Rock’s geologists completed an extensive review of all available historical technical data including, historical drill logs and reports.
The results from this detailed technical data review, the ground survey and 3D modeling data from WSP Canada Inc.’s Resource Estimation and Technical Report have all been compiled together. This compilation was essential, in preparation for the upcoming diamond drill program, in order to determine drill collar locations, and construct drill pads and access roads.
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.
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.
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 Ventures Corp. is up 35.29 per cent to C$0.12 per share.