Australia's Somerset Minerals rises on Canadian project update

** Shares of Somerset Minerals SMM rise 4.4% to A$0.024, their biggest intraday pct gain since July 3

** The diversified miner says it has started drilling operations at its recently acquired Coppermine project in Canada

** Says initial results are expected in the next 4-6 weeks

** Stock up 100% this year, including the day's move