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)

Like dealerdear I to have been sitting on a big loss. I also have just broken even,Any thoughts on staying in, does anyone think there is more to be had?

...nice play BB et al - another 12% up (wed) and still powering on .......... offer static at 14.25p irrespective of bid ............Ches - Now thats a moot point ..l was going to buy at 9p last week but thought it would lose its legs ....Now 14p ........perhaps i have missed the bus on this one ,,,,,but who knows ?

Going to stay in, I think the results pretty upbeat:
Outlook

The first half of 2010 was an active, exciting and fruitful period. After
careful assessment, the Directors concluded that Bullabulling is a quality
asset which has the potential to generate substantial returns for shareholders.
We therefore committed with confidence the proceeds from the sale of Nimu to
purchase half of Bullabulling, and a 10% stake in our partner's company Auzex
Resources Ltd.

Since acquiring our 50% interest in Bullabulling I am pleased to report that
its resources have dramatically increased to 2 million ounces of gold. We have
now embarked on the start of the feasibility study at Bullabulling, and hope to
start converting the resources into reserves.

The Directors are confident that we can expand further still the resource at
Bullabulling, and also increase the degree of confidence in the quality of the
resources.

I look forward to updating Shareholders on further progress in the coming
months.

20% up..!

are you in or just watching mitz??

Sadly only watching Balerboy.

very sad.......if this goes the other way soon you'll have the last laugh...but as i'm on a free ride it won't hurt too much...lol

Making a move

hmmm - considering a top up next week - even at this sp must be worth an additional tickle?!

cant see any reason for a major reverse now

from 25/10/10 if you havent already seen it:
http://beforeitsnews.com/story/234/650/GGG_Resources_Bullabulling_gold_project_has_significant_exploration_upside_-_Collins_Stewart.html

GGG Resources Bullabulling gold project has significant exploration upside - Collins StewartCollins Stewart called GGG Resources (LON:GGG) key Bullabulling gold project in Australia a very interesting asset with a significant exploration upside.

Following todays appointment as GGGs new corporate broker, Collins Stewart gave a summary of the companys projects.

The broker gives GGGs flagship asset a valuation that eclipses its current market cap.

Collins Stewart said that GGGs 50% owned Bullabulling has a net present value (NPV) of US$178 million, with US$89 million, or 57 million, attributable to GGG, compared to its market cap of 31 million. GGG's joint venture partner is Auzex Resources (ASX:AZX)

Within 3 months of acquisition, the JORC compliant resource increased from 432,000 oz to just under 2 million ounces (Moz) of gold at 1.5 grammes per tonne (g/t).

According to Collins Stewart, the exploration upside is significant with the overall mineralized structure over 14 kilometres in length, while the infrastructure is excellent with the deposit being located just 5 kilometres (km) from the town of Coolgardie, meaning availability of cheap power.

This as well as substantial sweet spots of mineralisation close to the surface, with grades of over 2 g/t and simple ore metallurgy typical for shallow deposits in gold fields in the area with 90% recoveries makes Bullabulling an interesting project, according to Collins Stewart.

The feasibility study at Bullabulling is commencing with a view to move the project into production in Q1 2013, which the broker said was realistic and achievable, citing the example of the Edna May gold project, which has been successfully commissioned this year by Catalpa Resources (ASX:CAH).

The broker used similar projects in Western Australia were used as a benchmark, stating that the technically simple nature of Bullabulling inspired greater confidence in valuation than its peers.

The key input assumptions were capital costs of US$157 million, a 15 year life of mine, an annual steady state production of 130,000 ounces (oz), cash costs of just under US$600/oz and a long term gold price of US$1,100/oz, which is significantly below the current US$1,340/oz.

At $41/resource ounce, GGG Resources is one of the outstanding value propositions in the sector, concluded Collins Stewart.

GGG today said that Westhouse Securities will continue as its nominated adviser.

Story by ProactiveInvestors

in today for 12.5p. Thoughts?

felicitations ,,,,,,,,doubled already ........

Consolidation that's all. Because they have listed on Aussie market or something similar

Yep, just read.

Aussie exchange and 1 : 2 consolidation

fantastic.

Down on the day after consolidation of 2 shares into 1 after yesterday's AGM >>>>>


"The Consolidation will result in every two Existing Ordinary Shares (being
ordinary shares of one pence each in the capital of the Company in issue as at
the date of the issue of the Circular) being consolidated into one New Ordinary
Share (being ordinary share of two pence in the capital of the Company)."

Gradual increase each day (like BAO). Nice to see, seems to have attracted little interest here

dealerdear,Having waited for 2 years to get my stake back,do you feel there is a good bit more to come ?