Highlights included 1.5m grading 37.70 grams per tonne beginning 15m from surface, and 2.18m grading 6.56g/t in a 50m step-out from previous drilling.

"Our drill programmes confirm a high-grade, at-surface gold vein system at Buckingham as well as an adjacent wider zone of lower-grade disseminated gold mineralisation," said Aston Bay CEO Thomas Ullrich.

The company expects to follow-up the drilling with an induced polarization geophysical programme to delineate anticipated down-dip and along-strike extensions of the Buckingham vein.

Shares in Aston Bay Holdings are trading at C5c, valuing the company at $8 million.