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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.011 -0.001 (-8.33%)+
Announcement
Release
24 Nov 2025 8:24AM
Price at Release
$0.012
Full Release
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Summary
Somerset Minerals Limited has announced the results from its drilling activities at the Jura North site within the Coppermine Project, confirming the presence of thick, high-grade copper mineralisation. The project, located in Canada, has returned significant assay results, with high-grade copper intercepts such as 42.7m at 2.69% Cu from 15.24m, including 16.8m at 3.96% Cu. The mineralisation system at Jura North is extensive, open in all directions, and defined over a strike length of approximately 250 meters with potential continuity to 600 meters below the surface based on geophysical surveys. Further exploration and drilling activities are planned to extend the strike and depth of discovered mineralisation, with regional exploration targeting coincident geochemical and geophysical anomalies. The 2026 exploration program is advancing with planning and permitting, aiming for a high-impact campaign starting in February.
Key Points
  • Drilling confirms thick high-grade copper at Jura North.
  • All assays received show significant mineralisation at Jura North.
  • The mineralised system is open in all directions and extends over ~250m strike.
  • Geophysics suggests continuity to at least 600m below surface.
  • Further drilling planned for 2026 to extend mineralisation strike and depth.
  • High-grade copper intercepts include 42.7m @ 2.69% Cu and 39.6m @ 1.61% Cu.
  • Jura North represents less than 5% of the Coppermine project.
  • Regional exploration to target coincident geochemical-geophysical anomalies.
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.