Dong Mao Huo Drilling Report
September 30 2008 - 2:16AM
UK Regulatory
Central China Goldfields plc
("GGG" or "the Company")
DONG MAO HUO DRILLING UPDATE
LONDON - 30 September 2008 - Central China Goldfields plc (AIM: GGG) is pleased
to report the final silver and copper assay results from the summer 2008
reverse circulation ("RC") drilling programme and the recent infill surface
channel sampling programme conducted at the Dong Mao Huo gold project in the
Nei Menggu Autonomous Region of China. All of the gold assay results have been
announced previously on 18 June, 30 June, 8 July and 22 July 2008. Silver and
copper assay results for holes RC16-28 have also been announced on 8 July 2008.
Highlights:
* Significant gold, silver and copper grades in Holes RC29-52 include:
* Drillhole RC37 intercepted 5 metres grading 3.15 grammes per tonne ("g/t")
gold, 46.7 g/t silver and 0.53% copper from 44 metres down hole
* Drillhole RC41 intercepted 6 metres grading 3.25 g/t gold, 39.2 g/t silver
and 1.21% copper from 109 metres down hole
* Drillhole RC43A intercepted 1 metre grading 84 g/t gold, 110.9 g/t silver
and 2.2% copper from 57 metres down hole
* Drillhole RC44A intercepted 10 metres grading 1.41 g/t gold, 15.2 g/t
silver and 0.29% copper from 71 metres down hole.
* Channel sampling of the walls of Pit 1 of West Hill returned several
gold-rich zones with variable widths between 2 to 6 metres of which the
highest is 5.95 g/t gold over 2 metres.
* In the adjacent Pit 2 three other gold rich zones were also intersected
with widths of up to 9 metres grading 1.16 g/t gold and 1.1 g/t silver.
* In Pit 3 there are seven gold-rich zones with widths of up to 9 metres
grading 1.04 g/t gold and 2.0 g/t silver.
* In Adit 4 at East Hill, channel sampling of two mineralised zones returned
grades of: 1.13 g/t gold and 3.5 g/t silver over 8 metres; and 2.94 g/t
gold and 3.0 g/t silver over 2 metres.
* In Adit 5 in East Hill, two mineralised zones returned grades of: 0.65-0.81
g/t gold and 3.3-4.6 g/t silver over 6 to 8 metre widths. Outcrops also
returned 3 metres grading 1.76 g/t gold and 28.1 g/t silver and 4 metres
grading 2.38 g/t gold.
Jeff Malaihollo, Managing Director of Central China Goldfields, comments:
"We are now completing the in-house resource calculations and mine development
plan for Dong Mao Huo and this will be followed by bulk sampling of the oxide
gold on the East Hill. This is the precursor to mining which is scheduled for
early 2009.
These drill results validate the drill success to date and provide additional
knowledge on the location of the higher grade mineralisation at depth. The
presence of significant amounts of silver and copper further improves the
economics of the project."
GEOLOGICAL DETAILS:
Drilling Results Details:
All of the gold assay results have been announced previously on 18 June, 30
June, 8 July and 22 July 2008. Silver and copper results for holes RC16-28 have
also been announced on 8 July 2008. To date, copper ("Cu") and silver ("Ag")
results have been received for the last 24 of the 50 RC holes programme. The
results are shown in Table 1.
Table 1. Cu and Ag grades of significant gold intercepts in holes RC29to RC52.
Hole No. Ore Zone From (m) To (m) Width (m) Au g/t Ag g/t Cu % Ag:Au Ratio
RC30 Oxide 8.0 10.0 2.0 2.82 1.5 0.01 0.5
RC30 Oxide 17.0 19.0 2.0 1.58 0.8 0.05 0.5
RC30 Oxide 22.0 24.0 2.0 4.75 2.7 0.11 0.6
RC30 Oxide 43.0 45.0 2.0 0.49 3.7 0.07 7.6
RC30 Mixed 54.0 57.0 3.0 0.67 1.0 0.01 1.5
RC30 Sulphide 59.0 62.0 3.0 0.44 0.9 0.01 2.0
RC30A Oxide 26.0 38.0 12.0 8.91 2.1 0.05 0.2
incl. 28.0 32.0 4.0 25.75 5.1 0.11 0.2
RC30A Oxide 46.0 51.0 5.0 0.52 1.1 0.01 2.1
RC32 Oxide 4.0 7.0 3.0 0.98 1.7 0.13 1.7
incl. 4.0 6.0 2.0 1.21 1.7 0.16 1.4
RC32 Oxide 67.0 69.0 2.0 0.40 5.1 0.08 12.8
RC32A Oxide 3.0 25.0 22.0 0.75 1.0 0.04 1.3
incl. 13.0 17.0 4.0 1.73 1.5 0.05 0.9
RC32A Oxide 33.0 36.0 3.0 0.67 1.0 0.03 1.5
RC32A Mixed 75.0 76.0 1.0 1.09 9.8 0.58 9.0
RC33 Oxide 38.0 40.0 2.0 0.38 1.1 0.06 2.9
RC33 Mixed 66.0 68.0 2.0 1.38 13.7 0.38 9.9
RC34 Oxide 29.0 34.0 5.0 1.47 3.3 0.13 2.2
incl. 32.0 33.0 1.0 4.78 9.6 0.33 2.0
RC34 Oxide 54.0 56.0 2.0 0.77 1.4 0.11 1.8
RC34 Sulphide 80.0 81.0 1.0 1.31 26.0 0.64 19.8
RC35 Oxide 29.0 38.0 9.0 0.51 0.6 0.02 1.2
incl. 35.0 36.0 1.0 1.25 0.5 0.01 0.4
RC36 Oxide 4.0 7.0 3.0 0.50 1.0 0.05 2.0
RC36 Oxide 12.0 21.0 9.0 0.65 3.7 0.08 5.7
RC36 Sulphide 56.0 58.0 2.0 0.64 0.4 0.01 0.6
RC37 Sulphide 44.0 49.0 5.0 3.15 46.7 0.53 14.8
incl. 45.0 48.0 3.0 5.11 72.3 0.78 14.1
RC37 Sulphide 104.0 108.0 4.0 0.61 1.7 0.04 2.8
RC39 Sulphide 70.0 71.0 1.0 1.21 6.8 0.23 5.6
RC39 Sulphide 73.0 76.0 3.0 0.54 3.1 0.09 5.7
incl. 73.0 74.0 1.0 1.03 3.9 0.11 3.8
RC39 Sulphide 104.0 108.0 4.0 0.64 5.0 0.11 7.8
RC39 Sulphide 112.0 114.0 2.0 8.95 2.0 0.01 0.2
incl. 112.0 113.0 1.0 17.10 3.1 0.01 0.2
RC41 Sulphide 109.0 115.0 6.0 3.25 39.2 1.21 12.1
incl. 111.0 115.0 4.0 4.67 53.2 1.63 11.4
RC43 Oxide 35.0 37.0 2.0 0.45 0.3
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