Somerset Minerals Ltd
Somerset Minerals Limited is an Australia-based gold exploration company, which is engaged in exploring projects located in Canada and Ecuador.
The business
Somerset Minerals Limited is an Australia-based gold exploration company, which is engaged in exploring projects located in Canada and Ecuador. Its project is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. In addition, the Company holds two exploration projects located in south-east Ecuador, the Rio Zarza and the Valle del Tigre projects. It also owns the Prescott Base Metals Project in Nunavut, Canada. The Prescott Project consists of over 52 licenses covering approximately 624 square kilometers that are predominantly located on Prince of Wales and Somerset Island and are interpreted to host an anticlinal repetition of the same geological formation hosting American West Metals Limited’s Storm Copper Project. Exploration at the Prescott Project shall be principally targeting sediment hosted copper deposits, as well as Mississippi Valley-type (Zn-Pb) deposits.
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Latest news
Somerset Minerals Hits Copper Mineralisation in 12 of 12 Holes at Coppermine’s Jura Target
Somerset Minerals (ASX: SMM) has achieved a 100% success rate in the latest drilling at the Jura target within its Coppermine project in Canada, hitting copper mineralisation in all 12 reverse circulation holes it has completed during the past six months.
Somerset Minerals Intersects Visible Copper Zones in Drilling at Jura North Prospect
Somerset Minerals (ASX: SMM) has intersected wide zones of visible copper mineralisation at the Jura North prospect within its flagship Coppermine project in Canada. The intersections sit beneath a previous intercept of 42.7 metres at 2.69% copper from 15.2m, with the first drill hole including multiple areas of intense visible mineralisation over 85.4m. Best results […]
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