** Adelong Gold jumps as much as 33.3% to A$0.006, its highest since July 16

** Gold explorer will sell up to 51% stake in Adelong Gold Project in New South Wales to miner Great Divide Mining

** Says GDM will supply mining equipment to help restart the gold plant and will increase stake in the project if gold production begins within 12 months

** Co did not disclose the agreement amount for the stake sale

** Stock posts biggest intraday pct gain since Aug. 6

** Around 8.7 mln shares traded, 4.3x the 30-day avg

** ADG up 10% YTD

($1 = A$1.5049)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))