Shares of Galena Mining (ASX:G1A) ascended as much as 12.5% to A$0.135, a level not seen since April 28.

The prominent precious metals miner announced receiving significant high-grade assay results of lead and silver from its Abra project in Western Australia.

The company pointed out that these results strengthen their confidence in their existing mine plan.

Topics like mineral resource conversion and extension, and production guidance, have been emphasized by the company.

However, despite the recent upsurge, the company’s stock has seen a downturn of 52% this year until the prior close.

Galena Mining (ASX:G1A) is a metals mining company focused on the production of precious metals such as lead and silver.