Central China Goldfields

Snow Mountain Targets and Results.

There are 225,400 ounces compliant to Can 43-101 standard.
QQS 147,400
SPG 59,500
SNJ 18,500

The target has been stated as around 1 million ounces maybe more.

Drilling only started in mid 2006 and 5 holes drilled at SPG found mineralisation in every hole. Clearly 5 holes is too few to establish
the full extent of the area of mineralisation at SPG but I would hope
to see news a large increase in the resource at SPG announced soon.
The holes drilled are widely spaced and infill drilling and further
drilling is probably needed to establish the full resource to Can 43-101 standard.
Similarly at SNJ we have had encouraging reports of 3 of 4 holes drilled
and indeed encouraging reports from the GJM Gaojiamo Licence area.
So yes I think that we shall see a good step towards the 1 million ounce target soon maybe around 1/2 million when the Engineers Reports are out,
with more to follow

The most important news for GGG is my view will come from Nimu as Jeff said at 20/20 Snow Mountain is a steady project and Nimu is a potential winning lottery ticket. In my view Nimu is the potential company maker in possibly a very big way, the project is being aggresively advanced with drilling after the Spring thaw. Meantime we may see some preliminary trenching news along the edge of the targeted mineralisation.
Three targets each of about 100m tons of copper oxide. GGG only needs one to transform the company and we will have preliminary news in the coming months.

So I agree with cc that GGG's valuation will be driven by other factors.