GGG Ggg Resources

    Central China Goldfields plc                          

                            `GGG' or `The Company'                             

                               TRENCHING RESULTS                               

                      GANGJIANG AND BAIRONG, NIMU PROJECT                      

LONDON - 30October2007 - Central China Goldfields plc (AIM: GGG) is pleased to
report recent results on the trenching activities at the Gangjiang and Bairong
exploration licence areas, Nimu Copper-Molybdenum Project ("Nimu").

Highlights:

  * Mineralisation in the Guqing area of Gangjiang extends over a 400 m x 150 m
    area
   
  * Two new areas of mineralisation discovered in the Bairong Exploration
    Licence, namely Zongqiu and Gusiru areas
   
  * Surface copper oxide mineralisation in Zongqiu extends over a 600 m x 250 m
    area
   
  * Guqing and Gelong (both in Gangjiang Licence) and Zongqiu (in Bairong
    Licence) may be a single continuous area of mineralisation
   
  * Higher grade mineralisation appears to be at the porphyry contact
   
Jeff Malaihollo, Managing Director of Central China Goldfields plc, comments:

"These results are significant for two reasons. Firstly we now have observed
that higher grade mineralisation is always in quartz monzonite wrapped around
the later quartz monzonite-rhyodacite porphyries. These include holes GJ07 and
GJ08 and the trenches at Guqing and holes GJ05 and GJ06 at Gelong.

Secondly we found two new areas of mineralisation at the Bairong exploration
licence area: Zongqiu and Gusiru. There is now compelling evidence that the
Guqing - Gelong and Zongqiu are continuous areas of mineralisation, an area
measuring over 2,000 metres long and 100-200 metres wide. This now represents a
significant area of large tonnage, low grade Cu-Mo mineralisation with distinct
areas of high grade mineralisation such as Guqing."

Trenching Highlights:

Guqing area, Gangjiang

  * GJT03: 22.7m at 0.42% Cu and 0.038% Mo, followed by 79.3m at 0.33% Cu and
    0.007% Mo. This is a longer area of mineralisation compared to that
    reported on 30 August 2007.
   
  * GJT07: 38.4m at 0.24% Cu and 0.009% Mo
   
  * GJT11: 32.3m at 0.16% Cu and 0.024% Mo
   
Zongqiuarea, Bairong

  * BRT01: 10m at 0.76% Cu
   
  * BRT02: 86m at 0.17% Cu, and 36m at 0.13% Cu
   
Gusiru area, Bairong

  * BRT07: 4m at 0.16% Cu
   
  * BRT11: 6m at 0.29% Cu and 5.7m at 0.19% Cu
   
  * BRT12: 4.7m at 0.24% Cu
   
GEOLOGICAL DETAILS:

Sampling and Analytical Details

The trench samples were processed and analysed by Intertek Testing Service Ltd.
Shanghai. Sample preparation is done by the Intertek-Kunming branch office,
China. Chemical analysis is done by Intertek-Beijing office. Copper, silver,
lead and zinc were analysed by atomic absorption spectrometry (AAS), gold by 30
grammes fire assay with AAS finish and molybdenum, arsenic and antimony were
analysed by x-ray fluorescence (XRF). Routine international-standard QA/QC
procedures were used by Intertek. Two of the eight elements analysed are
reported here: copper (Cu) and molybdenum (Mo). The detection limits for Cu and
Mo are 2 parts per million (ppm) and 1 ppm, respectively.

Assay Results and Geological Interpretation

At 0.10% Cu cut-off, the assay results of several trenches are tabulated below.

Table 1. Gangjiang trench results

 Trench ID    From      To      Apparent    Cu %      Mo %   
                               Width (m)                     
                                                             
   GJT03           0     22.7         22.7    0.42      0.038
                                                             
Incl.              0       12           12    0.65      0.018
                                                             
  GJT03         32.7      112         79.3    0.33      0.007
                                                             
Incl.           36.7     50.7           14    0.67      0.014
                                                             
Incl.             84      100           16    0.46      0.008
                                                             
   GJT04                          No significant results     
                                                             
   GJT05           0       12           12    0.12      0.002
                                                             
   GJT05          28       38           10    0.25      0.003
                                                             
   GJT05          56       60            4    0.15      0.002
                                                             
   GJT06           8       12            4    0.13      0.003
                                                             
   GJT06        28.6     40.6           12    0.16      0.003
                                                             
   GJT07           2     40.4         38.4    0.24      0.009
                                                             
   GJT08          22       26            4    0.17      0.004
                                                             
   GJT10          24       32            8    0.21      0.009
                                                             
   GJT11          10     42.3         32.3    0.16      0.024
                                                             
   GJT12          25       33            8    0.13    

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

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