Smooth Rock Signs Option to Purchase Agreement on the Chucker Project
Smooth Rock Signs Option to Purchase Agreement on
the Chucker Project
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) -
Smooth Rock Ventures Corp
.
(
TSXV
: SOCK)
("
Smooth
Rock
" or the "
Company
") is pleased to announce it has signed an Option to Purchase Agreement ("
the Agreement
") to
acquire a 100% undivided interest in 28 unpatented mining claims in the Chucker Project. The Chucker Project is located in the
Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend.
The Chucker Project consists of 28 unpatented mining claims with a combined area of 226 hectares (560 acres) that covers
numerous prospect pits and past producing small scale high grade gold mines. Several altered and mineralized shear zones
with metal rich quartz veins are exposed on the surface.
The property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker
Project is located within the intersection of the Walker Lane shear zone and associated Mina Deflection of the Walker Lane. This
combination creates major fault zones or conduits for ascending mineralized solutions. From observation and historic assay
values, gold, silver, lead, zinc and copper are found in amounts that demonstrate significant potential for exploration. There is no
evidence of modern-day exploration or drilling on the property.
The Chucker Project is located 60 miles southeast of Hawthorne, Nevada or 5 miles southwest of Marietta, Nevada, easily
accessible via state and secondary roads with year-round access. The Chucker Project is located in close proximity to past
producing mines such as Marietta Mines, Moho, and Camp Douglas. The core portion of the property has been held by private
interests for over 40 years.
Smooth Rock can purchase an undivided one hundred percent (100%) undivided interest in the Chucker Property as follows: (i)
$10,000.00 USD (paid) upon signing of the option to purchase agreement. (ii) the issuance of 2,000,000 common shares of the
Company within 5 business days upon receiving TSX Venture Exchange Approval. (iii) On or before one (1) year from the date
of the signing of the Agreement a final payment of $10,000.00 USD.
The Chucker Property is subject to an 1.5% Gross Production Royalty payable to the property vendor, of which one-half (.5%) of
a percent may be purchased from the Vendor at any time prior to Commencement of Commercial Production for a cash
payment of $200,000.00.
The Company has begun Phase I of the Chucker exploration program which will consist of reconnaissance prospecting,
geological mapping, surface trenching, sampling and relocating historical workings. This reconnaissance program will provide
accurate modern data to assist in the planning of the phase II drill program. Phase I is estimated to last for three to four weeks,
with phase II expected to begin following the compilation of the phase I results, later in 2019, pending drilling permits.
The scientific and technical content and interpretations contained in this news release have been reviewed, verified and
approved by E. Gauthier, geol., Eng (OIQ), a consultant of the Company, and 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/45958