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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.007 -0.01 (-58.82%)+
Announcement
Release
4 Feb 2026 8:21AM
Price at Release
$0.017
Full Release
download
Summary
Somerset Minerals Limited announced the discovery of a significant 17 km long copper corridor, named the Talisker Corridor, north of Danvers. This corridor was identified through recent geophysical and geochemical surveys that highlighted its potential with strong copper anomalies. Talisker is situated near the Danvers deposit owned by White Cliff Minerals and shares the same fault line, enhancing its geological significance. Somerset plans to conduct IP surveys starting March to refine drill targets and has a 3,000 m diamond drilling campaign scheduled for late February to further explore this promising area.
Key Points
  • Somerset Minerals Limited identified a major 17 km long copper corridor north of Danvers.
  • The Talisker Corridor is a highly anomalous geochemical and geophysical anomaly.
  • Somerset's surveys revealed multiple new exploration targets with strong copper anomalies.
  • Talisker is connected to the same fault as White Cliff Minerals’ Danvers deposit.
  • Somerset plans geophysical IP surveys in March to refine drill targets.
  • A 3,000 m diamond drilling campaign is scheduled to begin in late February.
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.