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)

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

A chart I made yesterday

And the improvement increases: GGG Bid: 13.75p Offer: 14.25p Change: 1.125

Trading volume almost 1 million already today, normal peak volume being about 2 mil, giving hope that we could be on for a very good day (and I sure hope so, cos my break-even is 15p!).

Good luck to all.

Still going! GGG Bid: 14.25p Offer: 14.75p Change: 1.625

Seems to be picking up finally, been in this since around 10p, lots of potential IMHO, hopefully a turning point for the forseeable future!

Good Luck.

Great day - great volume - nice price rise.

Just for any new comers to the board.

Invested in GGG in july 05 - amongst my friends and I we are holding over 8.5 million shares.

Reasons why

1. Great Management Team - with good experience in these markets.
2. Healthy cash balance
3. Portfolio of projects with NIMU looking to be something very special
4. China and India being the region to be in.
5. Good Institutional support with JP Morgan and Genesis
6. Large Private Holders in CML Smith and P McGroary

- Market is short on stock
- We have drill results between now and December.
-
Target for December is 50p - 1

Don't be in a rush to sell as the smart guys run the distance.

Looking like another lovely day in GGG-land!! GGG Bid: 15.25p Offer: 16p Change: 0.625, up 10%, 1.6 mil traded, so we could have a simialr day to yesterday.

Hi st, with regaurd to your last post on TMC, this is one place to keep something invested. Other newish oily's to look at maybe HAWK, and TOM.

Thanks mate! HAWK is certainly one that has legs - a pity one can't invest in everything at once!

Yes, GGG looks good. I expect that the current drilling at Nimu will be viewed as a barometer for the likely success of the other locations on the licence, so could be quite exciting. I have taken a long-term position in this one, so am expecting rewards over the rest of the year.

soul* .... you're well out of HAWK ....... cos i have rashly bought it!

hi cynic i was looking at hawk 2 days ago.. what do you think not so good ??...what about GGG....iam thinking of buying next week soul traders or cynic your view i no it long term but i think this could be big

you misread micky ...... i only warned off soul* cos i have the kiss of death