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OBT — Orbit Resources News Story

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Australia's Godolphin Resources soars on deal with Canada co

** Godolphin Resources GRL.AX jumps as much as 20% to A$0.012; marks biggest intraday pct gain since March 18

** Stock hits highest since March 28

** Diversified miner inks earn-in and joint venture agreement with Canadian mineral explorer Great Plains Metals GPS.V

** Says GPS will earn up to 51% stake in co's copper gold projects

** Godolphin Resources's managing director says deal will reduce co's expenditure commitments

** GRL last up 10%, trims YTD losses to 31%

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))

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