Smooth Rock Signs Exploration Agreement with Walker River on the Garfield Flats Project
Smooth Rock Signs Exploration Agreement with Walker
River on the Garfield Flats Project
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2019) - Smooth Rock Ventures Corp.
(
TSXV:
SOCK)
("
Smooth Rock
"
or the "
Company
") 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. (TSXV:
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"
Jeffrey Cocks
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT
: Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (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/45404