** Shares of Patagonia Lithium PL3.AX rise as much as
57.9% to A$0.150, their highest since May 3
** Stock posts its biggest intraday percentage gain since
May 3
** The lithium miner reports positive drilling results from
its Formentera lithium project in Argentina
** Says results confirm high lithium assay at project
** About 907,000 shares change hands, compared with the
30-day average volume of around 823,000
** Patagonia stock down 26.9% YTD, based on last close
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))