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%
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