** Shares of gold miner Capricorn Metals CMM.AX rise as much as 2.7% to a record high of A$7

** Co to acquire Sylvania gold project in Western Australia from Latitude 66 LAT.AX for A$1.5 million ($959,850.00)

** Says Sylvania project contiguous to existing Karlawinda gold project

** Adds acquisition to improve Karlawinda's exploration opportunity

** LAT shares flat at A$0.065 as of 0227 GMT

** CMM shares up 47.7% YTD, including current session's moves; LAT is up 3,150%

($1 = 1.5627 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))