** Shares of Mako Gold rise 68.4% to A$0.016, their biggest intraday pct gain on record

** The gold explorer received a takeover offer from larger gold co Aurum Resources

** Under deal, Aurum to offer 1 Aurum share for every 25.1 Mako shares

** A total deal value was not disclosed

** Stock hits its highest level since April 24

** Almost 18.5 mln shares change hands, compared with the 30-day average volume of 1.4 mln

** Stock up 50% YTD, including current session's moves

(Reporting by Kumar Tanishk in Bengaluru)

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