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)

Moving nicely in the right direction. Long may it continue. Results of Majestics drilling program at the Song Jiaguo Project, are out.

Moving again, com on my babby.

Great volume today - good buying - something in the offing.

We have seen a steady rise , but needs to get back up to 18p and over .

Multi project, multi commodity gold/copper, great management, gold producer 2007 and an breathtaking copper prospect at Nimu

News expected soon, financing, jorc update, more drilling gold, trenching copper

Strange price movements in middle of day, maybe letting institutions in. Its about time they paid the proper going rates like the rest of us. After all, if it wasn't for the private investor, these companies would not have raised their initial capital that got them to where they are now.

Market makers shaking the tree before financing news is released.

Great time to top up.

Shaking the tree? its like their chopping it down. Great time to place a few limit orders to test the water. Name your price and take a chance.

GGG to raise 4 million at 12p per share, this makes the total shares in issue raise to 115.34 million from 82.01 million. This is equivalent to a 40% dilution based on current market capitalisation.

Still the most undervalued company on AIM

Majestic deal off for now. Cant agree settlement rates. Have used capital raised to purchase 3 million Majestic shares instead. Will now accelerate Nimu and Snow mountain into production whilst looking for further opportunities in China.

Latest RNS is very positive, up 3.5 times as much gold as previously expected in snow mountain. Company now looking for more lisences in surrounding area as these formations occur in clusters.

in answer to the Q that has just been asked of me, i really cannot see it to be wrong to take at least some profits here ..... as the chart shows, rsi is now heavily o'bought and there is also historical resistance around this level

Reasons to buy GGG.

1. Nimu from the information to date indicates a very large find of copper.
GGG have outlined they are to inform the market with Drilling results every 3 weeks, from May through till December.

2. Snow Mountain is to have outlined over 1 million ozs in gold.

3. Over 4.5m in cash in the bank

4. Great Management team.

5. Strong demand for stock.

6. A number of institutions are watching GGG to review drill results from NIMU before committing.

7. Chart is trending nicely - upwards.

If i have missed anything feel free to add - My price Target 50p by December!

Sorry johnma but price target was 30p by xmas last year. I do hold and have faith that true value will come through in the end, but 50p by year end, why? If the value is already there it would be 50p now wouldn't it.

seemingly quite stern resistance ahead at 15

Bought some this morning. Prospects look good IMO. To a point I share Cynic's concern that this may encounter some headwinds. However, I think that the current climate with miners is that the market is putting its faith in them again. The first drill site at Nimu will probably be taken as an indicator of the prospectvity of all of the nimu sites, so if the results are good we could see quite a bit of uplift in the SP.

Just conjecture, please don't take me too seriously and don't invest what you can't afford to lose.

A very welcome tick-up today: GGG Bid: 12.75p Offer: 13.5p Change: 0.625

Further move up today now 13.50 - 14p +0.875

Someone said somewhere else: Tipped in Shares Mag this morning

wonder if true, but drilling results expected shortly from NIMU