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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.012 0.003 (33.33%)+
Announcement
Release
6 Aug 2026 8:14AM
Price at Release
$0.009
Full Release
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Summary
Somerset Minerals Limited announced significant assay results from its maiden reverse circulation (RC) drill program at the Talisker copper target within their Coppermine Project in Canada. The initial drill holes, TARC0003 and TARC0008, returned substantial high-grade copper and silver mineralisation, confirming a new discovery. This discovery is part of a broader 17km Talisker corridor, with the current program testing only a central 2km. The mineralisation was detected beneath glacial cover, emphasizing a systematic approach to exploration using advanced geochemical, geophysical, and mapping techniques. The firm holds permits for up to 100 more drill holes to further explore this promising discovery.
Key Points
  • Maiden RC drill program at Talisker confirms new copper-silver discovery.
  • Initial results show high-grade copper-silver mineralisation.
  • Drilling covers a new 17km corridor, with only 2km tested.
  • Systematic exploration included geochemistry and geophysics.
  • Permits in place for up to 100 holes for further exploration.
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.