** Shares of Hamelin Gold HMG.AX gain as much as 13.6% at
A$0.125
** Says observations from the first diamond drill hole at
the Camel prospect at its West Tanami Gold project in Western
Australia are "highly encouraging" urn:newsml:reuters.com:*:nASXmFXz8
** A follow-up hole has started to further explore the
prospect, co says
** Stock's gains come despite broader market declines -
Australia's benchmark stock index down as much as 5.3%, worst
intraday session since March 27, 2020 .AX
** Hamelin stock down 21.4% YTD, as of last close
(Reporting by Harshita Swaminathan)
((Harshita.Swaminathan@thomsonreuters.com))