COPENHAGEN (Reuters) – Lava from a large volcanic eruption in Iceland appeared to flow away from the only town in the area, offering hope that homes would be spared, geologists and rescue officials said on Tuesday. The eruption late on Monday on the Reykjanes peninsula in southwest Iceland spewed lava and smoke more than 100 metres (330 feet) into the air after weeks of intense seismic activity. “The eruption does not present a threat to life,” an Icelandic government statement said. “There are no disruptions to flights to and from Iceland and international flight corridors remain open.” Autho…