BUZZ-Australia's Golden Mile Resources jumps on acquisition of copper project

Reuters06-17

** Shares of Golden Mile Resources rise as much as 9.1% to A$0.012, set to gain most since May 31 - if current gains hold

** The mineral explorer enters into binding term sheet with Outcrop Silver & Gold Corporation to acquire, through JV, the Pearl Copper Project in Arizona

** Co to spend up to A$12 million ($7.92 million) over 8 years

** 2.6 mln shares change hands, compared with the 30-day average volume of 818,836

** Stock is down 42% this year as of last close

($1 = 1.5147 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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