Here is a chance to get in near the bottom of potentially a very exciting prospect.

http://moneyam.uk-wire.com/cgi-bin/articles/20060328083735PAEAF.html

START OF DRILLING

LONDON - 28 March 2005

Central China Goldfields plc (AIM: GGG, GGGW) announces that its Chinese Joint
Venture Company, the Sichuan Snow Mountain Mining Exploration United Centre,
has signed a drilling contract with Victor Geological Exploration Inc
("Victor"). Victor is a wholly owned Beijing-based subsidiary of Nahanni
Drilling Corp. of Canada. The contract is to drill approximately 1,200 metres
in the Songpanguo (SPG) deposit in the Baima area, in the Snow Mountain
Project, Sichuan Province of China.

Drilling will also commence soon at Shuiniujia (SNJ), another deposit in the
Baima area once drill access is made available by mid-April.

The drilling programme is scheduled to commence in mid-April 2006 at Songpanguo
and late-April 2006 at Shuiniujia.

In addition, a series of underground tunnels (adits) totalling over 2,200m and
trenching totalling 2,250m will be undertaken in both deposits. The drilling
and aditing/trenching programme is intended to test the depth and lateral
continuation of these two deposits. Our partner the Sichuan Bureau of
Metallurgy and Geological Exploration ("SBMGE") has calculated inferred
resources of the SPG and SNJ deposits of approximately 200,000 oz. and 140,000
oz. respectively. These resources are not compliant to international standards.

The programme will be supervised by Exploration Manager, Ciceron ("Jun")
Angeles MSc FAusIMMM, who is qualified as a Competent Person under the
Australasian Code for the Reporting of Mineral Exploration Results, Mineral
Resources or Ore Reserves ("The JORC Code") of the Australasian Institute of
Mining and Metallurgy, and Project manager Roberto Tan BSc.

Dr. Jeff Malaihollo commented "Our exploration programme in 2005 confirmed
previous work conducted by the SBMGE. This year we intend to add to the
resources by drilling and tunnelling. We look forward a very exciting year of
development."

The AGM is next week so, hopefully, a bit more news at that time. I am going to try to get there so will keep you posted if I do.

;o)

Big buyer out there at the moment.

Can sell a lot of size at 5.71p on a 5.55-5.75p spread even after all those
sales.

Agree with your post 150 rdg

Same thing happening to me and then of course when it does eventually rise, we give a huge sigh of relief, sell and celebrate and then see it continue to travel north to ridiculous levels!

Very frustrating but the name of the game atm.

They will pay 5.7p for a 500k dummy sale online at the moment so there
is hope that this is the bottom, i wonder if that seller has also been cleaned
out completely.

good posts on here - i am finding pretty much the same - have a good evening all

I think everybody will be struggling to make good money, we've had it good
all year so cannot expect it to continue.

Hoping 5.5p will provide support now, they seem to want the stock at this
level.

Looking poor again elsewhere, Caza is struggling now with stock available well
below the monitor offer, Kea the same, not much stock around in Trp currently
so they are doing better.

Broker Note target price 18p.

Central China Goldfields
1.98Moz JORC resource

Central China Goldfields (to be renamed GGG Resources) has defined a
1.98Moz inferred JORC-compliant resource at its Bullabulling gold
project. The resource is shallow and expected to be amenable to open
pit mining as a low-grade bulk tonnage operation. A scoping study is
currently under way, with a feasibility study planned for
commencement in October 2010.

Company highlights include:

Central China Goldfields has defined an inferred JORC-compliant
resource at the Bullabulling gold project of 41.5Mt at 1.5g/t gold, for
contained gold of 1.98Moz at a 0.7g/t cut off.
The mineral resource has been defined over a 9km2 area and remains
open in all directions including at depth. The resource was completed
as a desktop study and is expected to increase as the company
conducts further drilling across the entire 14km strike length.
GGG will now drill twins of the historic holes to get the resource up to
the JORC measured and indicated categories. This will be completed in
tandem with an economic scoping study, followed by full feasibility
studies, expected to commence in October.
The company will complete optimisation studies, due late September, to
determine the economic depth of mining. This will be closely followed
by a further mineral resource upgrade to include the results of all drilling
done by GGG and its partner Auzex Resources.
We fully expect the company to take Bullabulling into production. This
was evidenced by the appointment of Michael Short, who has
substantial expertise in the construction and optimisation of plants, as a
Non-executive Director in June 2010.

This is a substantial resource upgrade which will allow GGG to migrate to
the development cycle of the project. Given the projects history as a
producing gold mine, we are confident that GGG, in conjunction with Auzex
Resources, will take Bullabulling swiftly towards production.

Considering 50% ownership of the Bullabulling gold property and including
the companys investment in Auzex, our peer-based valuation of GGG is
41.5m or 18p per share. The news flow over the next few months should be
substantial, as the company completes economic scoping studies,
optimisation studies and announces a further update of the JORC resource
to include GGGs drilling at Bullabulling.

We rate GGG Resources a BUY and believe there is substantial upside
in the share price to rerate it to the level of its pre-production peers.

Managed to sell at 6.75p on the spike this morning so all in all a tiny profit is
better than a large loss, will look to trade this one from now on, has the potential
to make good profits if your timing is spot on, not easy though.

re - Managed to sell at 6.75p

Someone informed the market of a SELL close to 3 hours later!

the 6.75p bid lasted 8 minutes at the opening

..not worth the effort

.not worth the effort

Trading this is the way, bought back my 6.75p stock for 5.64p, Wins seems to have a seller so saved over a penny a share or close to 20% buying back, seems
good value to do this after todays news.

re - ..not worth the effort

That is why you should not posted then

Very fast to post the buy, but not the sell,
do I feel that you must post the best price so give time, just in case moves higher later ( I will look like a fool ).

I could not care less what you post !

At least i post when i sell unlike yourself and your fellow pump and dumpers
from advfn who dump and vanish onto the next p&d !

you are full of SHIT " gravy " every one knows the worse of it is than even YOURSELF know

now changing the item instead of answering the question

GGG 'highly encouraged' by latest Bullabulling drilling

GGG Resources is 'highly encouraged' by results from a seven hole programme at Bullabulling in Western Australia.

GGG said the seven diamond drill hole programme totalling 1,396m was recently completed over a 2.5km section of the 6km long Bullabulling Trend.

It says this is additional to the data used in the recently announced JORC Mineral Resources of the Bullabulling project of 1.98 million ounces of gold (41.5 Mt @ 1.5 g/t Au at 0.7 g/t Au cut off).

GGG said The maximum grade intersected was 37.4g/t gold over 1.0 metre, with visible gold present.

Mineralisation was intersected below the 120 metres depth used in the recent JORC inferred resource.

Results include: 15m @ 1.64 g/t gold from 126m depth in hole AZBBRD0001, 5m @ 1.54g/t gold from 156m depth in hole AZBBRD0005 and 25m @ 1.7 g/t gold from 144m depth in hole AZBBRD0006.

Managing director Jeff Malaihollo said: "We are highly encouraged by these results, particularly as they confirm the continuity of mineralisation, identify the depth extension and in addition identify new areas of mineralisation."

Save the abuse for advfn, you will be in good company !

Sorry that truth about you and your methods upsets you so much.

this is such a squitty company that a puff of wind will move sp in either direction ..... if it's actually a chinese company, despite where these latest stories emanate, i personally would avoid it anyway

Cynic.

Do you honestly think anybody reading these sites takes any notice of me or you
or anybody else, we are posting but we are wasting our time, you are so predictable and you post the same usual bearish stuff on 99% of all stocks and have probably made so many incorrect calls in the recent mining/oil boom or maybe i have you all wrong ?

got to go against you there cynic bought a small lot to hold @36p will wait and see.,.

no, but if it pleases me to post (or you) i shall do so