BUZZ-Australia's Golden Mile Resources jumps on US copper project buy

Reuters08-14

** Shares of Golden Mile Resources rise as much as 10% to A$0.011, highest since July 31

** Mineral explorer says it partnered with Outcrop Silver & Gold Corp to acquire the Pearl Copper Project in Arizona, United States

** Golden Mile commits to invest up to A$12 mln ($7.95 mln) over eight years for up to 100% ownership

** Stock set for best day since July 31, if current gains hold

** G88 down 47.4% YTD, as of last close

($1 = 1.5090 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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