Stavely Minerals (ASX:SVY) identified high-grade copper-silver intercepts following a 21-hole air core drilling program at the Junction prospect within its Stavely project in western Victoria, according to a Tuesday filing with the Australian bourse.

Significant intercepts include 14 meters at 3.24% copper and 34.5 grams per tonne of silver, as well as 48 meters at 1.60% copper and 14.8 g/t of silver, the filing added.

The mineral explorer also reported outstanding rock-chip float samples, suggesting strong potential for structural repetitions, the filing said.

Stavely Minerals' shares rallied 13% in recent trade.

Price (AUD): $0.04, Change: $+0.0040, Percent Change: +12.90%