Central China Goldfields PLC
Central China Goldfields PLC: DMH PRELIMINARY DRILL RESULTS
Central China Goldfields PLC / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Central China Goldfields plc ('GGG' or 'the Company') DMH PRELIMINARY DRILL RESULTS LONDON – 28 November 2007 – Central China Goldfields plc (AIM: GGG) is pleased to announce preliminary results from its first two drill holes on the 2,000m autumn diamond drilling programme at the Dong Mao Huo gold project in China. Highlights: • CH04 returned 45.7 metres at 2.7 g/t gold from 107.5 metres downhole. • CH05 returned 10.7 metres at 0.63 g/t gold from 11.3 metres downhole. • CH04 and CH05 indicate significant potential for base metal credit. Base metal assay results are pending. • The zone of mineralisation now extends beyond 320 metres in strike length. Hole CH04 is a 80 metres step out from the Reverse Circulation (RC) drill hole RC08, drilling results which were announced on 16 October 2007 . Three one metre sections of the assays from hole CH04 have been averaged at zero mineralisation as these results were not available at this time. In the event of a material change the full assay values will be subsequently made available as and when the base metal credit values have been received. The purpose of this diamond drilling programme is to infill the previous RC drill holes (announced 24 September 2007 and 16 October 2007) in order to better understand the controls on mineralisation, to test the metallurgy of the oxide and sulphide ores, to obtain geotechnical data and to test the potential for deeper sulphide ores. The Company is also pleased to report that consultants from Chinese Nonferrous Engineering and Research Institute (ENFI) have been on site to make an initial assessment on the viability of putting the Dong Mao Huo mine back into production. The Dong Mao Huo near surface gold project is now the focus of the Company’s activities over the winter months as the Company seeks to accelerate this project with a view to potentially restarting production in Q1 2009. Technical information in Company news releases has been reviewed and approved by Dr. Jeffrey Malaihollo. He holds a BA and PhD in Geological Sciences and is a Fellow of the Geological Society. For Further Information: Central China Goldfields plc Dr. Jeffrey Malaihollo Tel: 020 7621 0200 Email: info@ccgoldfields.com www.ccgoldfields.com Hanson Westhouse Limited Louis Castro / Anita Ghanekar Tel: 020 7601 6100 Smithfield Consultants Rupert Trefgarne / Christopher Chew Tel: 020 7360 4900 King & Shaxson Capital Limited Nick Bealer Tel: 020 7426 5986 28.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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