Smooth Rock Drills 10.98 g/t Au over 9.2 Meters at Palmetto
Smooth Rock Drills 10.98 g/t Au over 9.2
Meters at Palmetto
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2022) -
Smooth Rock Ventures
Corp
. (TSXV:
SMRV
) (OTC Pink:
SMRVF
) ("
Smooth Rock
" or the "
Company
") is pleased to
announce drill results from its initial 2022 reverse circulation (RC) drill program at the 100% owned
Palmetto Gold project, located in Esmeralda County, Nevada, within the southern portion of the Walker
Lane gold trend.
Drill hole SRV 22-09 returned 10.98 g/t Au over 9.2 meters, from a depth of 88.4 meters, including 18.87
g/t Au over 4.6 meters, from a depth of 89.9 meters.
Drilling confirmed gold mineralization at Palmetto. SRV 22-09 was drilled over 32 meters west northwest
of hole SRV 21-01 (see news release 6/3/2021) which returned 31.4 g/t over 6.5 meters from a depth of
85.3 meters, demonstrating the continuity and flat lying nature of the gold mineralization.
Assay Table: Summary of Drill Results:
Hole
From
(m)
To
(m)
Length*
(m)
Assay
(Au g/t)
SRV 22-09
88.4
97.6
9.2
10.98
Incl.
89.9
94.5
4.6
18.87
SRV 22-05
181.4
187.5
6.1
1.1
*Widths are drill indicated sample length as insufficient drilling has been undertaken to determine true widths at this time.
This initial 2022 RC drill program was hampered by drill rig breakdowns, extensive technical drilling
issues with ground water, loose broken ground, and the inability of the drill crew to successfully mud any
of the holes in order to reach the drill holes targeted depths. A total of seven holes were drilled, with none
of the seven holes achieving their targeted depths, two of the seven holes drilled were abandoned before
hitting bedrock. Subsequently, in lieu of the above, the Company ended the drill program early with only a
total drilled footage of 2095 feet (638.5m) of a planned 5000-7500-foot drill program.
Though very difficult drill conditions were encountered in all of the holes drilled by the Company, resulting
in poor to nonexistent recoveries, hole collapses, and so on, very significant gold mineralization was
encountered in two holes, that did not even reach the intended target. It is notable that in SRV 22-09, the
hole was abandoned at 99.1 meters, less than two meters below the gold intercept. Also, notable in hole
SRV 22-05, having several intervals of low-grade mineralization throughout, ending in gold mineralization
at the last sampled interval at a depth of 187.5 meters and subsequently abandoned due to poor drill
hole conditions.
The results, though partial in nature, clearly demonstrate the presence of significant gold mineralization
at the Palmetto Project. Although very difficult drill conditions were encountered throughout the drill
program, the Company has gained considerable experience in determining the proper drill methods to
be employed at the Project going forward.
The Company is presently analyzing and sourcing a more appropriate type of drill rig and drill contractor
and/or a combination there of, to drill at the Palmetto Project successfully and efficiently. The Company is
planning a follow up drill program in later 2022 or early 2023, subject to drill contractor availability.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company's project geologists and the chain of
custody from the drill to the sample preparation facility was continuously monitored. A blank or certified
reference material was inserted approximately every tenth sample. The Palmetto samples were
delivered to American Assays Laboratories' certified laboratory facilities in Sparks, NV. The samples
were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion
and a 50g gravimetric finish. Intensely altered samples used a 2 kg pulp screened to 100 microns.
Duplicate assay on screen undersize. Assay of entire oversize fraction.
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.
About Smooth Rock and the Palmetto Project.
Smooth Rock Ventures Corp. is a mineral development company focused on high-grade gold past
producing regions in the Americas that have seen limited modern exploration and host the potential for
significant discoveries. The Company's flagship project is the 100% owned Palmetto Gold Project
consisting of 116 unpatented mining claims in Esmerelda County, Nevada. The Palmetto Gold Project
hosts a current NI 43-101 compliant Inferred resource, having 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.
ON BEHALF OF THE BOARD
"Christos Doulis"
________________________
Christos Doulis
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT
: Smooth Rock Ventures Corp.
(TEL) - (647) 924-1083, (FAX) - (888) 909-1033
Email:
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/137938