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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.011 -0.004 (-26.67%)+
Announcement
Release
20 Oct 2025 8:23AM
Price at Release
$0.015
Full Release
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Summary
Somerset Minerals Limited has announced findings from their recent geophysical surveys at the Jura Prospect, part of the Coppermine Project. The surveys reveal that mineralisation potentially extends to depths of at least 600 meters, with conductivity increasing with depth, suggesting the presence of higher-grade sulphides. New targets include an undrilled area at Jura South, highlighting the potential for multiple deposits. The company is in the process of planning further drilling to explore deeper mineralisation and parallel anomalies. An aerial magnetic survey is nearing completion, with results expected shortly.
Key Points
  • Geophysical surveys at the Jura Prospect suggest mineralisation extends to at least 600m below surface.
  • Conductivity strengthens with depth, indicating potential higher-grade sulphides.
  • A new undrilled target has been identified at Jura South.
  • The project highlights multi-deposit potential with only a fraction of its strike length drilled.
  • Induced Polarisation (IP) and resistivity surveys were conducted to identify high-priority targets.
  • Planning is underway for deeper drilling and testing of parallel anomalies.
  • Aerial magnetic surveys are near completion with results expected soon.
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.