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Somerset Minerals Limited (ASX:SMM)

ALERT: Price-sensitive ASX Announcement for SMM
Current share price for SMM : $0.007 -0.007 (-50%)+
Announcement
Release
5 Nov 2025 8:27AM
Price at Release
$0.014
Full Release
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Summary
Somerset Minerals Limited has announced significant results from their drilling at the Jura North area of their flagship Coppermine Project in Canada. The results include multiple high-grade copper intercepts, notably 18.3 meters @ 3.14% Cu. Drilling at Jura has confirmed continuity of high-grade mineralisation down to approximately 190 meters and remains open in all directions, with geophysics suggesting potential extension to over 600 meters depth. The company's exploration efforts aim to expand the resource base and further test the broader project area for additional discoveries.
Key Points
  • Significant high-grade mineralisation at Jura North.
  • 18.3m @ 3.14% Cu from drill hole JURC012.
  • Drilling confirms continuity of mineralisation to ~190 meters.
  • Potential for deeper extension indicated by geophysics.
  • Further assay results expected within 2-4 weeks.
  • The project is located in the Kitikmeot region of Nunavut, covering 1,665km².
  • Exploration focused on resource development and new discoveries.
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.