• Shares of Australian Gold and Copper Ltd rise as much as 4% to A$0.13, their highest level since July 10

• Company says drilling results at silver-gold-base metal deposit Achilles in New South Wales (NSW) returned high-grade mineralization

• Adds completed step-out drilling programme has confirmed Achilles mineral system remains open at depth

• Stock down 42.2% YTD, including session's moves

($1 = 1.4306 Australian dollars)

(Reporting by Subhalakshmi Dey in Bengaluru)