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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.009 -0.01 (-52.78%)+
Announcement
Release
7 Oct 2025 8:22AM
Price at Release
$0.018
Full Release
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Summary
Somerset Minerals Limited announced the first assay results from its Coppermine Project in Canada, revealing significant high-grade copper mineralisation. Notably, the drilling results include a major finding of 19.8 metres at 3.54% Cu from 117.3 metres depth in drill hole JURC006. This finding is part of a broader mineralised envelope, indicating the potential for a larger copper system. The project remains open in all directions, and further results are expected from additional drill holes, reinforcing the potential scale of the project in a strengthening copper market.
Key Points
  • First assay results received include 19.8m @ 3.54% Cu.
  • Drill holes JURC005 and JURC006 confirm continuity of high-grade copper mineralisation.
  • Coppermine Project is positioned as a significant regional copper-silver exploration opportunity.
  • The project area remains open in all directions, suggesting potential for expansion.
  • Induced polarisation surveys completed, further results pending.
  • Somerset aims to delineate mineralisation and test broader landholding for copper potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.