Exploration Update
January 11 2006 - 4:21AM
UK Regulatory
Central China Goldfields plc
`GGG' or `The Company'
ADDITIONAL RESULTS FROM SONGPANGUO
FURTHER ZONES IDENTIFIED
LONDON - 11 January 2006 - Central China Goldfields plc (AIM: GGG,
GGGW) reports additional results from recently completed aditing (tunnelling)
and trenching programme at the Songpanguo deposit ("SPG"), Baima area, in the
Snow Mountain Project, Sichuan Province of China.
Highlights:
- Assay results are reported from three underground tunnels and
eleven trenches are reported
- Results are generally higher grade compared to the work
previously reported by Sichuan Bureau of Metallurgy and Geological Exploration
("SBMGE")
- Two new zones discovered in underground tunnels including a zone
of 3 metres @ 14.54 g/t Au
- Other underground tunnelling results include: 3.0 metres @ 5.45
g/t Au, 12.0 metres @ 4.15 g/t Au and 2 metres @ 4.52 g/t Au
- Trenching results include: 1 metre @ 8.4 g/t Au and 2 metres @
2.7 g/t Au
Jeff Malaihollo, Central China Goldfields' Managing Director,
stated "These results are very encouraging and we plan to drill and open up
more tunnels to test the down-dip continuation of the mineralisation to
increase the tonnage. We are very excited by the positive results that
continue to emerge from SPG especially now with several new zones identified."
Geological Details:
Further Fire assay results from SPG trenches and underground
tunnels (adits) confirm comparable intersected widths and gold grades to the
original wet assay work by our partners SBMGE.
The underground tunnels provide more information and are
significantly cheaper compared to drilling. In particular, important
information regarding the structure controlling mineralisation was obtained
from these tunnels.
SPG Adits
Re-sampling of tunnel PD403 on the 3,190 metres level confirmed two
main zones of mineralisation which are: 3.0 metres @ 5.45 g/t gold and 12.0
metres @ 4.15 g/t gold. These are higher than the original wet assays of 4.2
metres @ 3.29 g/t gold and 7.44 metres @ 2.92 g/t gold.
Tunnel PD416 on the 3,240 metres level intersected a low grade zone
at 132 metres from the mouth of the tunnel, yielding results of 4 metres @
0.45 g/t gold. This compares with the original result of 0.8 metres @ 1.27 g/t
gold.
Two new zones were intersected in a crosscut CM1W driven in a
northwest direction from tunnel PD401 (whose results were announced on 12
December 2005). The first zone is 3 metres @ 14.54 g/t gold including a 1
metre interval @ 40.7 g/t gold. The zone is hosted by brecciated siltstone
with pyrite, realgar and orpiment. The second zone is 2 metres @ 4.52 g/t
gold, intersected at 5.5 metres from the main tunnel PD401.
SPG TRENCHES
Full set of results for the trenches are tabulated below. Direct
comparison often can not be made as the old trenches have been washed away or
their locations can not be accurately situated.
Trench TC 19R returned 1 metre @ 8.14 g/t gold at the start of the
trench, but no direct comparison is available.
Trench TC 94-2R, gave two 1 metre long intersections of 1.06 g/t
gold and 1.07 g/t gold. There is no comparable trench available.
Trench TC 30R yielded 1 metre @ 2.2 g/t gold which is higher grade
compared to the wet assay result of 1 metre @ 0.9 g/t gold. TC 30R also
returned another intersection of 1 metre @1.94 gold which is also higher grade
compared with original assay of 1.5 metres @ 0.6g/t gold.
On the northern side of the Snow Mountain Fault, the SPG deposit
continues on the opposite side of the valley, where Trench TC 16 intersected a
zone of 2 metres @ 2.7 g/t gold which is higher grade compared with original
assays of 2.1 metres @ 1.79 g/t gold.
SPG assay results
Location Distance Wet assay Fire assay Comments
(m from
portal)
Width (m) Au (g/t) Metregrammes Width (m) Au (g/t) Metregrammes R=resampled
(fire
assay)
ADITS
PD403 = 48 4.2 3.29 12.1 3.0 5.45 16.35 PD403R
PD403R
55 1.4 2.31 3.23
70 7.44 2.92 21.76 12.0 4.15 49.84
83 3.75 1.62 6.09 2.0 1.79 3.58
91 1.0 1.74 1.74 1.0 0.04 0.04
114 1.4 4.47 6.26 1.0 0.04 0.04
118 1.25 1.17 1.46 1.0 0.02 0.02
PD416 = 124.0 2.3 1.72 3.96
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