** Shares of E79 Gold Mines Ltd E79.AX rise as much as
5.3% to A$5.3, on track for best day since Feb 7, if gains hold
** Gold miner says new phase of reverse circulation and
aircore drilling to commence shortly at target 3 within the
Laverton South gold project in Western Australia
** Stock hits highest since March 16
** More than 128,321 shares change hands, 5 times the 30-day
average volume
** Stock down 20.8% this year, as of last close
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))