** Shares of Australia's Verity Resources VRL.AX rise as much as 13.04% to A$0.026, their highest point since September 5
** The diversified miner says a validation study of previously conducted gold drilling shows that co's Monument Gold project in Western Australia holds high-grade gold mineralisation zones
** Stock posts its biggest intraday pct gain since August 25
** Around 9.9 million shares change hands, ~6.6x the 30-day average volume
** Stock has climbed 23.2%, YTD
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))