Somerset Minerals (ASX:SMM) completed the acquisition of Sentinel Resources, which, through its local subsidiary, holds the Coppermine project in Canada, according to a Monday Australian bourse filing.
The project is fully permitted and fully funded for a maiden exploration campaign, scheduled to commence in around two weeks, including a regional surface sampling program following up on historical rock chip results of up to 45.4% grade of copper, followed by a maiden drill campaign in early July.
The drilling at the Coronation target will focus on large coincident geophysical and geochemical anomalies.
Its shares rose 8% on market close on Monday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。