• Shares of Australia's Turaco Gold rise as much as 6.7% to A$0.635, hitting highest since April 28

• Gold exploration co says initial drilling at Woulo Woulo deposit in south-east Côte d'Ivoire confirmed significant depth extensions to mineralisation, with higher-grade gold intersected

• About 4.7 million shares trade hands, about 1.8x 30-day average

• Stock down 25.8% YTD, including session's moves

(Reporting by Subhalakshmi Dey in Bengaluru)