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)

not a chinese takeaway then?!

minesite article from another bb... this guy is a subscriber to minesite he posted this:

'Remember Central China Goldfields? That down-and-out minnow that always seemed to show promise but never really delivered, and ended up by being dispossessed, African-style, of what might very well turn out to be a choice piece of real estate up in Tibet? If you thought the company had sunk without trace following those dim and dark days, get ready to be disabused, because you couldnt be more wrong. Now, one acquisition and one name change later, it is suddenly emerging as serious contender among the London-listed gold juniors, and already boasts brace yourselves a resource base of nearly two million ounces.

No wonder shares in the newly named GGG Resources have more than tripled in the space of the last 12 months. And, given that that new resource was only announced on Monday 16th August, its perhaps no surprise that a fair bit of that strength has come within the space of the last week or so. GGGs shares did in fact leap up to a two year high of 7p in the immediate aftermath of the announcement that its jointly-owned Bullabulling project in the Coolgardie region of Australia now boasts 1.98 million ounces of gold at a 0.7 grammes per tonne cut-off. But the market euphoria that GGG had at last rejoined the ranks of the serious contenders wore off somewhat the following day, as one or two longer-term investors took the opportunity to take profits. But a share price at 5.78p is no mean feat for a company that saw its shares hit a floor of close on 1p back in the latter part of 2008

Lots of companies hit the buffers late in 2008, and barely struggled on into 2009, but most of them at least still had assets. GGG was on the point of being, shall we say, politely removed from its Nimu discovery throughout that period, a body blow from which, in light of the wider economic circumstances, a betting man might not have expected the company to recover. But managing director Jeff Malaihollo staggered on, even putting in appearances at one or two of our Minesite forums over the course of the following months.

Then, in 2010, he pulled off a blinder of a deal. The Bullabulling project, which lies on ground formerly worked over by Resolute, and opposite a project thats been making strident progress under the ownership another company Minesite readers will be familiar with, Focus Minerals, came up for grabs, and GGG saw an opportunity and took it. At the time, it wasnt clear just how prolific the Bullabulling ground would turn out to be. When we picked up the deposit we were looking at high grade veins, says Jeff. Now it looks like itll be a large, low grade project. For comparison, he points to Catalpas project at Edna May, where the mining is low grade, at around 1.1 grammes per tonne, but its easy work for a fully mechanised operation. Profits, as Catalpas Bruce MacFadzean will confirm to Minesite in a few days time, are rolling in.

GGG is a fair way off production yet. But not as far as you might think. A scoping study is already well underway, and feasibility work should get underway in October. Aside from the obvious advantages that Bullabulling offers as a gold project in a US$1,200 gold environment, theres also the added upside that its open in all directions and that the strike is over 13 kilometres long.

But Jeffs focus now is more towards getting the project into production. Conceptual studies from a mere couple of months ago showed an operation mining from several pits. Now, with this latest resource upgrade in the bag, the idea is to mine from one big pit, as Catalpa does, a pit that Jeff reckons could be close to the size of the Kalgoorlie superpit, with a fair wind and the right sort of result from the scoping study.

Meanwhile, drilling will continue. Much of the current 1.98 million ounces is based on a reworking of old data, a reworking completed by consultants at CSA Global. The results from GGGs own campaign will start to roll in shortly, with the emphasis now shifting to what Jeff calls reserve drilling, or mine definition drilling. Theres no shortage of ground to drill, he says, but rather than spending all our money making the project bigger and bigger, well put it into production, and then focus on growth.'

fyi - that minesite article was written by Alastair Ford

SOME LARGE TRADES THIS MORNING HAD A GOOD MOVE TURNAROUND IN THE MARKET MAKERS POSITIONS.
Moving prices higher and not so long ago the trades for 100K took the last of the 6p offer.

yes all in all a good day - long may it continue!! glad to be in early here - this is a long hold for me - much confidence going fwd imo

Kalgoorlie fhotos ... Kalgoorlie supper pit

Its moving higher this morning now 6 / 6.50p

3 MMs on the blue

I agree gibby all the best here.

Looks like the next squeeze is coming, paying mid price for stock and buys
paying full offer on a wide spread.

It's been consolidating for a few weeks now so maybe due a turn.

up or down rdg?

nice bit of movement in the right direction this am.,.

this is good - in fact good day all round waiting for something to go wrong!

lovely blue day:))

Buy then when unloved and mid price (5.75p) then sit back and watch the
herd chase them when 7.5p offer :-))

Will take my profits today but it still might some legs in it.

well done all.

A lot of talk on these threads about the falkies but there have been some wonderful rises elsewhere.

Hit 10p this am. Not long ago was trading at around 1-2p.

Am in and enjoying the rise.,.

well done again.

Fraid I was sitting on a large loss for the past 2/3 years but fortunately averaged down a few weeks ago and have now broken even.

Consider myself to be very lucky. Although I rate the company, I could easily have lost the lot.

Wow this is amazing.