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)

Amber,

absolutely, good luck this week!

Media comment HERE

well if that was the result of good news, lucky for you guys it was not negative!
this stinks!
have frequently warned that when dealing with China and Chinese stocks, one should at the very least wear rubber gloves

Morning Cyn. I always check you out fist thing for a little laugh. LOL. Never fails. Thanks.

pleasure ..... for you i'll even apply some KY!

Cynic,

lol!

Drill result HERE

not much positive in that report ...... KY def needed to avoid significant pain, even if withdrawing!

I think this may run out of cash soon. The chart looks feckin' orrible.

dp,

I certain think they will ned to raise funds soon, but probably not all equity.

AVOID!

New article and analysis here

and it's still crap - repeat AVOID!

LOL. Be lavish in your approbation Cyn, please.!!!!

oh all right; if you absolutely insist ...... GGG is a dangerous and foolish investment as is borne out by sp performance .... i haven't checked, but i expect very early in proceedings i warned you all about trusting the chinese who see the gweilo as a fat and easy pigeon .... you guys clearly enjoy the masochistic pleasures of being well and truly plucked

is that more to your liking Mr Kitos sir?

Approbation approved Cyn.

New article, click HERE

hxxp://www.lse.co.uk/ShareNews.asp?shareprice=GGG&ArticleCode=zzc1i90d352s6f3&ArticleHeadline=Central_China_Goldfields_upbeat_on_latest_drilling_at_Dong_Mao_Huo_gold_project

New article;

Click HERE


Would you tell us about the sale of the Snow Mountain Project and how this relates to Central China Goldfield's business model?

Yes, let me start by saying..................

Many thanks for that Andy.

Many rave about the virtues of some of the smaller oil stocks, but I still think this is one of the better run companies on Aim with bags of potential and huge rewards for shareholders when the market improves.

Good news at last!

Click HERE