Drilling Results
June 20 2006 - 3:00AM
UK Regulatory
Central China Goldfields plc
`GGG' or `The Company'
DRILLING RESULTS FROM SONGPANGUO
MINERALISATION EXTENDED TO 200 METRES DEEP
LONDON - 20 June 2006
Central China Goldfields plc (AIM: GGG), a mining and exploration company
operating in China, is pleased to report encouraging results from the latest
drilling at the Songpanguo ("SPG") deposit in the Snow Mountain Project,
Sichuan Province of China.
Snow Mountain is emerging as one of the most significant gold regions in China
with Carln-style gold mineralisation.
Jeff Malaihollo, Managing Director of Central China Goldfields, comments:
"We are delighted with these results. Although more work needs to be done, the
results are better than expected as we hit gold mineralisation in every hole,
and to a maximum depth of more than 200 metres. We are waiting for the assay
results from the remaining two holes and the new adits. We will then have the
data to enable us to recalculate the resource estimate at Songpaguo, which
currently stands around 200,000 ounces*."
Highlights:
* Five discrete mineralised zones were intersected in drillhole SPGDH01,
including 8 metres @ 2.28 g/t Au, 3 metres @ 4.30 g/t Au, 6 metres @ 1.62 g
/t Au, 4 metres @ 2.26 g/t Au, and 5 metres @1.33 g/t Au.
* Three distinct mineralised zones were intersected in drillhole SPGDH02,
including 5 metres @ 3.54 g/t Au, 3 metres @ 1.76 g/t Au and 3 metres @
1.00 g/t Au.
* Two separate mineralised zones were intersected in drillhole SPGDH03,
including 12 metres @ 2.05 g/t Au and 3 metres @ 1.13 g/t Au.
* These results show that mineralisation at SPG extends down to at least 200
metres deep and therefore have added a substantial amount of tonnage to the
deposit.
GEOLOGICAL DETAILS:
Fire assay results from the first three of a five hole programme at the SPG
deposit are reported. The drill cores were split by diamond saw, with half sent
to SGS Laboratory in Tianjin, China for analyses. All samples were analysed
using the 50 grammes fire assay method with AAS finish.
These holes are part of a diamond drill programme designed to test the depth
extension of known mineralisation at Songpanguo. The first three holes
confirmed the presence of Zones 3 and 5 at depth. Zone 4, although present at
the surface, does not persist at depth at the northern portion of the deposit.
The geology of the area is dominated by intercalated siltstone, mudstone,
sandstone and marl with abundant late-stage calcite selvedges. Gold
mineralisation is associated with the presence of 1 to 5 volume per cent.
pyrite and occasional presence of realgar and trace to nil amounts of stibnite
and cinnabar in fractured filled veins and veinlets associated with fault
zones. The mineralogy is typical of Carlin-style deposits.
The Company maintains an archive of half core samples and a photographic record
of all cores for future reference.
Drill Hole SPGDH01
Location: northern end of Songpanguo.
Purpose: to test the depth extension of Zone 3.
Highlight of results:
Hole No. Azimuth Dip Mineralised Core Widths Grade
From (m) To (m) Apparent Width g/t Au
(m)
SPGDH01 117 o -50o 105 113 8 2.28
123 127 4 2.26
131 137 6 1.62
181 184 3 4.30
192 197 5 1.33
This hole was terminated at 247 metres but was then extended to 352 metres. The
results from 247 - 353 metres have not been received.
Drill Hole SPGDH02
Location: 100 metres to the west of SPGDH01.
Purpose: to test the depth extension of Zones 3 and 5.
Highlight of results:
Hole No. Azimuth Dip Mineralised Core Widths Grade
From (m) To (m) Apparent Width g/t Au
(m)
SPGDH02 117 o -50o 54 55 1 1.43
63 66 3 1.00
85 86 1 1.05
91 94 3 1.76
155 156 1 2.39
200 201 1 1.31
205 210 5 3.54
215 216 1 1.25
Drill Hole SPGDH03
Location: 120 metres to the south west of SPGDH02.
Purpose: to test the strike and depth extension of Zones 3, 4 and 5.
Highlight of results:
Hole No. Azimuth Dip Mineralised Core Widths Grade
From (m) To (m) Apparent Width g/t Au
(m)
SPGDH03 117 o -50o 7 10 3 1.13
72 84 12 2.05
Jun Angeles, Exploration Manager of Central China Goldfields comments:
"The mineralisation intercepted by these first three holes show variations of
Carlin-style deposits which are stratabound pyrite-bearing mineralisation,
structurally controlled tabular pyrite-bearing bodies, and later quartz-calcite
�realgar-stibnite veins and breccias. "
Ciceron "Jun" Angeles MSc. FAusIMM, who is the Company's Exploration Manager
and meets the criteria of a qualified person under the AIM Rules and Guidance
for mining, oil and gas companies, has reviewed and approved the technical
information contained within this announcement.
*Reported to Chinese standards which is not compliant to Australasian JORC or
Canadian 43-101 standards.
For further information, please contact:
Central China Goldfields plc Westhouse Securities LLP
Dr. Jeffrey Malaihollo Richard Morrison / Cailey Barker
Tel: 020 7621-0200 Tel: 020 7601 6100
Email: info@ccgoldfields.com
Website: www.ccgoldfields.com
Public Relations: King & Shaxson Capital Limited
Gresham PR Ltd Nick Bealer
Neil Boom Tel: 020 7426-5986
Tel: 020 7404-9000
END
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