** Shares of Australian Gold and Copper AGC.AX rise 3.7% to A$0.14

** Stock hits its highest level since Jan 20

** The miner announces positive drilling results west of the Achilles Shear Zone in New South Wales

** The low-grade copper-zinc mineralization was identified at this project

** Adds drilling to start next week

** Stock has fallen 6.7% YTD, including current session's moves

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))