Shares of Great Western Exploration (ASX:GTE) saw an increase of as much as 22.5% to A$0.049, setting up for its best day since July 28, if the gains hold steady.

The stock value reached its highest level since September 5.

The mineral exploration company reported the discovery of substantial and potentionally transformational copper-gold intrusive related escapes, named Oval and Oval South at its Yerrida North Project, located in Western Australia.

The company also mentioned they are in the process of finalizing access approvals for drilling these compelling targets.

As of its last closure, the stock was down by 16.7% for the year.

Great Western Exploration is a mineral exploration company focused on discovering copper-gold related targets.