** Shares of AusQuest AQD.AX rise as much as 36.2% to A$0.064, their highest level since January 30, 2013, last up 19.2%

** Copper explorer reports positive drilling results from its Cangallo Project in Peru

** Says results confirm new large scale copper find at project

** About 33.7 million shares change hands vs the 30-day average of around 15.1 million

** Stock up 600% this year, including the day's move

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com))