** Shares of Alvo Minerals ALV.AX rise 16.7% to A$0.07, their highest level since March 18
** Miner says signed a non-binding letter of intent with Pan American Silver Corp PAAS.TO, to acquire 100% of the Lavra Velha Gold-Copper Project, located in Bahia State, Brazil
** 457,068 shares change hands, vs the 30-day average of 156,223
** Stock rose as much as 20% earlier in the day, marking its biggest intraday gain since Feb. 26
** ALV up 20% YTD
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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