Somerset Minerals (ASX:SMM) has received all assays from recent drilling at its flagship Coppermine Project in Canada, with every hole at Jura North intersecting copper mineralisation. The emerging system now extends over ~250m of strike with mineralised intervals up to 71.6m thick, and geophysics indicates continuity to at least 600m below surface. Importantly, the system remains open in all directions.
Key highlights include:
Numerous high-grade and wide intercepts drilled in maiden exploration campaign, including:
▪ JURC001: 42.7m @ 2.69% Cu, from 15.24m, including1: o 16.8m @ 3.96% Cu, from 41.15m
▪ JURC006: 59.4m @ 1.5% Cu, from 83.8m, including2: o 19.8m @ 3.54% Cu, from 117.3m
▪ JURC012: 39.6m @ 1.61% Cu, from 111.3m, including3: o 18.3m @ 3.14% Cu, from 131.1m
▪ JURC005: 61.0m @ 0.85% Cu, from 67.1m, including2: o 9.1m @ 2.88% Cu, from 83.8m
▪ JURC008: 71.6m @ 0.57% Cu, from 89.9m, including3: o 10.7m @ 2.47% Cu, from 131.1m
▪ JURC003: 10.7m @ 2.55% Cu, from 38.1m, including4: o 4.6m @ 5.55% Cu, from 38.1m
▪ JURC002: 18.3m @ 1.36% Cu, from 108.2m, including4: o 6.1m @ 3.78% Cu, from 118.87m
▪ JURC010: 9.1m @ 1.52% Cu, from 111.3m, including: o 4.6m @ 2.65% Cu, from 115.8m
▪ JURC007: 16.8m @ 0.82% Cu, from 53.3m, including3: o 4.6m @ 2.11% Cu, from 53.3m
▪ JURC011: 16.8m @ 0.7% Cu, from 89.9m, including: o 7.6m @ 1.26% Cu, from 97.5m
Managing Director, Chris Hansen, commented, “Over the past six months, Somerset has achieved what many explorers take years to deliver. We moved from initial acquisition to completing two back-to-back drill campaigns, each of which has delivered thick, continuous and high-grade copper intercepts across multiple zones at Jura North. Every hole drilled at Jura has intersected mineralisation—an exceptional outcome that confirms we have uncovered a potentially large, growing copper system that remains open in all directions. With strike now defined over ~250 metres, interpreted true widths up to ~60 metres, and geophysics suggesting continuity of mineralisation to depths beyond 600 metres, Jura North has rapidly emerged as an advanced, high-quality discovery with clear potential to evolve into a significant copper deposit.
Importantly, Jura represents less than 5% of our large 1,665 km² Coppermine Project landholding. In parallel with resource drilling, we’ve completed the first truly comprehensive regional geochemical and geophysical datasets ever collected across this land package—more than 11,000 line-km of highresolution magnetics and over 1,500 soil samples. These results, expected shortly, have the potential to identify multiple virgin copper targets across a district already hosting more than 112 mapped copper occurrences. This work is laying the foundation for what we firmly believe is a genuine beltscale copper camp, capable of delivering not just one, but several significant copper discoveries.
With all the groundwork now complete, 2026 is shaping up to be a transformational year for Somerset. We are now preparing for an aggressive program of RC and diamond drilling at Jura North to expand the system along strike, at depth, and into potential parallel lodes, while simultaneously advancing a pipeline of new regional targets for first-pass drilling. As these datasets come together, we expect to unlock the broader potential of Coppermine Project and demonstrate that the district has the potential to host much larger copper systems than previously recognised. We are entering the new year with strong momentum, a growing high-grade discovery, a district-scale opportunity in front of us, and a clear strategy to convert this into significant value for our shareholders.”
Next Steps:
- 2026 Program: Planning and permitting are well advanced for a high-impact campaign starting February. RC and diamond drilling will target strike and depth extensions and test potential parallel lodes.
- Regional Focus: Aggressive exploration across the broader 1,665km² Coppermine landholding, which hosts multiple geochemical and geophysical anomalies. Results from recent surveys are expected within four weeks.
Jura represents <5% of the Coppermine Project, highlighting significant upside potential. Somerset’s staged, data-driven approach aims to unlock district-scale copper opportunities, with 5–10 regional targets slated for testing in 2026.
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