** Shares of gold explorer Emu NL EMU.AX surge as much as
23.08% to A$0.032, highest since July 27
** Co says drilling at its Gnows Nest gold mine in Western
Australia intersected high-grade mineralisation urn:newsml:reuters.com:*:nGLF1VXPf8
** Stock posts its biggest intra-day percentage rise since
July 26
** About 837,000 shares have changed hands, compared with
the 30-day average of about 399,000 shares
** Stock down 38% so far this year, as of Thursday's close
(Reporting by Harshita Swaminathan in Bengaluru)
((Harshita.Swaminathan@thomsonreuters.com))