GGG Ggg Resources

    Central China Goldfields plc                          

                            `GGG' or `The Company'                             

                 EXPLORATION UPDATE - RESULTS FROM SHUINIUJIA                  

LONDON - 26 September 2005 - Central China Goldfields plc (AIM: GGG, GGGW)
reports initial results from the Shuiniujia deposit in the Snow Mountain
Project, Sichuan Province of China.

Highlights:

  * Initial trenching results from Shuiniujia confirmed the presence of gold
    mineralisation
   
  * Results support the previous sampling by the Sichuan Bureau of Metallurgy
    and Geological Exploration ("SBMGE")
   
  * Trench 36R returns 12.8m @ 3.54 g/t Au including 3.40m @ 6.29 g/t Au
   
  * Trench 39R shows two areas of mineralisation: the eastern section returns
    6.1m @ 5.46 g/t Au and the western section returns 6.8m @ 4.02 g/t Au
   
  * Additional trenching and underground sampling to increase resources are in
    progress
   
Previous work at Shiuniujia by our partner the SBMGE has defined an initial
inferred resource of 143,000 ounces of gold at 4.1 - 5.6 g/t Au. A total of
18,500 ounces of gold @ 4.89 g/t Au is compliant to Canadian reporting standard
(NI 43-101).

Central China Goldfields plc initiated a programme of re-opening and
re-sampling some of the old trenches and samples were analysed by SGS
Laboratory at Tianjin (ISO 9001 certified) using fire assay method on 50g of
sample. A total of 10 trenches (approximately 300 metres long) have been dug
and we report on the initial results from trench T36R and T39R.

New trench 36R returns 12.8m @ 3.54 g/t Au, including 9.4m @ 4.31 g/t Au and
3.40m @ 6.29 g/t Au from the eastern section. The position of the old trench 36
is uncertain and so a direct comparison cannot be made at this stage. However
old trench 36 intersected values of 1.6m @12.5 g/t Au and 3.6m @ 1.88 g/t Au in
the eastern part.

The western section of new trench 36R, returned values from brecciated zones
within an eight metre section of siltstones, of 1.4m @ 1.68 g/t Au with two
additional samples (0.9m and 0.6m) at 1.41 g/t Au and 4.54 g/t Au respectively.
The old trench returned 3.8m @ 5.22 g/t in the western section. These results
suggest that the mineralisation forms lenses within a larger zone of
deformation.

Trench 39R is a newly dug trench, located near Trench 39 which was used as part
of SBMGE trial mining. Trench 39R shows that the mineralisation zone splits
into two lenses. The eastern section returns 6.1m @ 5.46 g/t Au and the western
section gives an apparent width of 6.8m @ 4.02 g/t Au (true width is estimated
to be 5m). Direct comparison with Trench 39 cannot be made as it was not
possible to resample the same location. However, results from Trench 39R have
assisted in better definition of the zone of mineralisation.

Exploration Manager, Chris Ford, comments "We are delighted that the results
have confirmed the presence of the mineralised zones and that the fire assay
results are reporting similar grades in the mineralised lenses to the previous
wet assay results. We look to report the results from the other trenches in the
near future and we are also in the process of compiling all of the results into
a 3 D computer model, so that we can understand the geometry of the orebody and
better plan our exploration"

Commenting on the Snow Mountain Project, Jeff Malaihollo, Central China
Goldfields' Managing Director, stated "These initial results complement the
work of our partner the SBMGE. We are in the process of extending old tunnels
and driving new tunnels to increase known resources and to convert the
resources defined by our partner into an internationally accepted standard."

Technical information in Company announcements has been received and approved
by Chris Ford MSc. who is the Company's Exploration Manager and is qualified as
a Competent Person under the Code for the Reporting Mineral Exploration
Results, Mineral Resources and Mineral Reserves ("The Reporting Code") prepared
by the Institute of Mining and Metallurgy.

The Canadian 43-101 standard is developed by the Canadian Securities
Administrators to govern how issuers disclose scientific and technical
information about their mineral projects to the public. CSA Associates, who
acted as the Independent Competent Person for the purposes of the Company's
Admission Document to AIM, have not validated these calculations.

Ends

Enquiries:

Central China Goldfields plc           Nominated Advisor:                    
                                                                             
Dr. Jeffrey Malaihollo                 Ruegg & Co Limited                    
                                                                             
Tel: 020 7621-0200                     Brett Miller                          
                                                                             
Email: jeff@ccgoldfields.com           Tel: 020 7584-3663                    
                                                                             
www.ccgoldfields.com                                                         
                                                                             

Public Relations:                      Broker:                               
                                                                             
Parkgreen Communications               King & Shaxson Capital Limited        
                                                                             
Victoria Thomas / Justine Howarth      Nick Bealer                           
                                                                             
Tel: 020 7493-3713                     Tel: 020 7426-5986                    

NOTES TO EDITORS

                      About Central China Goldfields plc                       

Central China Goldfields plc brings together a high level management team with
a large ground holding in Sichuan Province prospective for the discovery of
large Carlin-like gold deposits.

Central China Goldfields plc, through its wholly owned subsidiary Nexon Asia
Group Limited, is earning a 75% interest in the Joint Venture company, Sichuan
Snow Mountain Mining Exploration United Center by providing funding for
exploration expenditure incurred by SSMMEUC of US$7.04 million over six years
commencing on 2 December 2004, and by making property payments totalling
US$640,000 over the three years commencing on 2 December 2004. Upon Nexon
earning a seventy five percent interest, further exploration costs will be
funded according to the participants' percentage interest in SSMMEUC, although
SBMGE cannot be diluted below 12 percent.

On 4 July 2005 GGG signed a Memorandum of Understanding to enter into a
Cooperative Joint Venture Contract with the Hubei North East Geological Team
over the Xiang Shui Tan Project ("XST") in the Luotian County, Hubei Province
has a resource, reported to various Chinese standards, of some 200,000 oz. of
gold, 4 million oz. of silver, with some base metal credits.



END

GGG Resources (LSE:GGG)
Historical Stock Chart
From Jun 2024 to Jul 2024

GGG Resources (LSE:GGG)
Historical Stock Chart
From Jul 2023 to Jul 2024