Sock.v Ready To Move North

Discussion in 'Penny Stocks' started by rickydi, Apr 28, 2021.

  1. rickydi

    rickydi Senior Investor

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    SOCK.V shall rerease next week results of the latest drilling program.
    10 diamond holes in the best IP targets
    43-101 will be updated and 10 more holes will be drilled

    Currently the drill is on Garfield a 50-50 JV with WRR.V
     
  2. rickydi

    rickydi Senior Investor

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    https://www.barchart.com/stocks/quotes/SOCK.VN/overview

    Barchart Technical Opinion STRONG BUY

    The Barchart Technical Opinion rating is a 80% Buy with a Strengthening short term outlook on maintaining the current direction.

    Long term indicators fully support a continuation of the trend.

    5 years technical chart suggest a next resistance @ 0.15¢, then 0.18¢ and all time high 0.20¢
     
  3. rickydi

    rickydi Senior Investor

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    Paletto property video done by the previous owner

     
  4. rickydi

    rickydi Senior Investor

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    SOCK IS READY FOR A NEW HIGH
     
  5. rickydi

    rickydi Senior Investor

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    SOCK - V Bid size 120.0 Bid price 0.105 · Ask price 0.115 Ask size 25.0
     
  6. rickydi

    rickydi Senior Investor

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  7. rickydi

    rickydi Senior Investor

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    Historical work...........HIGH GRADE RESULTS
    Significant Historical Drillhole Intercepts at the Palmetto Project, Discovery Zone


    Hole # Interval Length Gold Silver Hole Type Company
    From (m) To (m) (m) (g/t) (g/t)
    RMR-4 (recalc.) 120.4 207.3 86.9 30.4 148.3 RC Romarco Minerals
    incl. (prev) 123.4 158.5 35.1 55.3 275.8
    RMR-14 (recalc.) 138.7 243.8 105.1 3.5 14.2 RC Romarco Minerals
    incl. (prev) 146.3 158.5 1 2.2 12.2 19
    RPC-90-907 (recalc.)122.3 155.4 33.1 20.5 63.3 Core Phelps Dodge
    incl. (prev) 122.3 128 5.7 23 99.4
    incl. (prev) 137.2 144.8 7.6 68 157.6
    RPR-89-14 (recalc.) 83.8 137.2 53.4 11.2 35 RC Phelps Dodge
    incl. (prev) 83.8 112.8 29 18.2 51.1
    RPR-89-19 (recalc.) 134.1 138.7 4.6 31.6 394.7 RC Phelps Dodge
     
  8. rickydi

    rickydi Senior Investor

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  9. rickydi

    rickydi Senior Investor

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    PALMETTO GOLD PROJECT

    Smooth Rock Venture provides an update on the Company’s Palmetto Project, Esmeralda county, Nevada, USA. As part of the acquisition of the Palmetto Project, the Company took possession of: 1) all privately held hard copy: reports, drill logs, surveys, and other irreplaceable project records; 2) all historic geological, geophysical, and geochemical maps; 3) historic RC drill chips; 4) historic diamond drill core; 5) sample rejects; and 6) digital archive of all documents directly related to historical work on the property; 7) a 3D model. The 3D model gives a first-ever detailed view of the extent of the known mineralization.

    This model also gives the Company a significant advantage planning future drilling and exploration, potentially increasing the mineralization and possibly establishing a resource. Given the availability of all exploration records and the preservation of drill core and RC chips, the previous owner ML Gold did produce a first-ever resource estimate on the project by re-confirming certain results from historic drilling.

    Smooth Rock's field crews have completed a detailed ground land survey of the Palmetto claim blocks. Field crews have successfully located most of the historical drill holes completed by the previous operators of the exploration programs on the Project. The land survey was conducted with a Trimble Pro XRT2 L1/L2 GPS receiver capable of accuracies within 10 centimeters (4 inches).

    The data from the ground survey is now being used in compilation with the 3D modeling data from the historic resource estimation completed by WSP Canada Inc. ("WSP") (Palmetto Resource Estimation and Technical Report, April 26, 2018). Smooth Rock's geologists are presently determining drill hole collar locations for the upcoming drill program at Palmetto.

    History of the Palmetto Project

    Smooth Rock owns a 100% undivided interest in the Palmetto Project and is subject to no outstanding royalties. The Palmetto Project consists of 116 unpatented mining claims totalling 2217 acres located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

    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.

    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 model and estimation were reviewed, repeated and prepared by WSP's author and independent qualified person, Todd McCracken, P.Geo. (Palmetto Resource Estimation and Technical Report, October 20, 2020).

    Below summarizes the pit constrained resource estimation at the 0.15 g/t gold cut-off and remaining underground resource estimation at the 2.0 g/t gold cut-off.

    296,695 Au oz 2,022,578 Ag oz


    The above mineral resource estimation was completed using NI 43-101 standards of practice and classified as an inferred resource. The drilling was done by the previous owners of the Property form the basis for the resource estimation. Mineral solids were interpreted using the geology, structure, alteration, and grades. A total of 10 mineral solids in 4 mineral domains have been defined in the resource model. Drill hole sample intervals within each solid were assessed for grade capping and composited to 1.5 m intervals. The block model was estimated using ordinary kriging. Pit shells were constrained using US$1,500/ounce gold price and US$2/tonne mining cost and US$5/tonnes processed (heap leach), 80% gold recovery and 52% silver recovery.

    Current exploration program

    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.

    The recent diamond drill program was designed to expand the current resource by drilling the mineralized zones laterally and drilling at depth below the present mineralization, targeting the high grade feeders’ chutes, as well as exploring other areas of the project outside the known resource area.
     
  10. rickydi

    rickydi Senior Investor

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    Latest MD&A

    The Garfield Flats Project consists of 59 unpatented mining claims having a combined area of approximately 858 hectares (2120 acres) that covers several past producing small-scale high-grade gold and copper mines, altered and mineralized zones discovered by previous geological compilations and mapping of the historical workings. Historical sampling on the project has revealed the presence of copper, bismuth, and antimony as well as pervasive lower grade gold mineralization, cut by vein structures (some previously mined) of higher-grade gold. Previous induced polarization surveys also denoted the presence of significant coincident I.P. anomalies. These factors demonstrate the potential of this relatively unexplored project for the discovery of gold mineralization. The Garfield Flats Project is within the Walker Lane shear zone, a 60-milewide 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.

    Phase I of the Garfield Flats 2019 exploration program consisted of reconnaissance prospecting, geological mapping, relocating historical workings and ground based geophysical surveys. This initial reconnaissance program will provide accurate modern data to assist in the planning of the 2020 phase II surface trenching drill program. Phase II was expected to begin following the compilation of the phase I results, later in 2020. However, this was delayed from the impacts of the worldwide COVID-19 pandemic, that effected the Company Canadian based management’s ability to travel cross border, availability of field personal and various contractors. Phase II is expected to now be completed later in 2021, subject to field crew personnel availability.

    The Chucker Property is located in the Silver Star Mining District, within Mineral County, Nevada, in the Walker Lane gold trend. The Chucker Property 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.

    The Chucker Property also contains a surface exposure of the range front fault which was historically mined from a shaft. The Chucker Property 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 Property 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.


    Palmetto Property, SOCK owns 100% undivided interest in 79 unpatented mining claims totaling 1600 acres in the Palmetto Project, Nevada (the “Palmetto Property”). The Palmetto Property is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend.

    During the period ending December 31, 2020, the Company completed a re-evaluation and re-interpretation of the Palmetto geological model. This was followed up by reconnaissance prospecting, geological mapping, sampling and the relocation of historical workings. A Phase II initial drill program was planned for later in 2020, but was delayed from the impacts of the worldwide COVID-19 pandemic. The Phase II initial diamond drill program started in February 2021.


    The Giroux Project, located in Mineral County, Nevada, within the Walker Lane shear zone.

    The Company has begun Phase I of the Giroux 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 2020, pending drilling permits.

    As at December 31, 2020 there were 71,067,264 issued common shares and at the date of this MD&A there were 71,067,264 issued common shares.
     

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