El Maniel International Inc to Release Initial Results of Gold Reserves on Plot A and Plot B Situated in the Western Region of G
March 16 2011 - 9:23AM
Further to our press release dated January 27, 2011, EI Maniel
International Inc (Pink Sheets:EMLL) announced today that initial
results from the geological survey of the alluvial gold mining
claims known as Plot A and Plot B of 100 acres each is expected to
be released by end of March 2011. "Our geologist is currently
consolidating the results of Plot A and Plot B from the recent
survey conducted and we believe that the initial results from the
200 acres alluvial gold mining claim situated in the region of
proven gold deposits will be very significant for us to proceed
with the following steps of expediting the final approvals
necessary for commencement of mining operations," according to
Jamie Khoo, CEO of El Maniel. "We will be working aggressively
towards putting this second and larger mine into eventual
commercial production gearing El Maniel towards becoming a
successful emerging gold producer in Ghana, and come April 2011, El
Maniel will be a revenue-generating company with multiple income
stream."
The 200 acres of alluvial gold mining claim is situated in
Akatreka of Wassa Amenfi West, in the Western Region of Ghana, West
Africa next to Ankobra river which is well known for alluvial gold
abundance. The Ankobra river is next to the north-western part of
the 200 acres gold mining claim and runs all the way down next to
the western portion of the gold mining claim. Plot A and Plot B is
positioned in the Golden Triangle of Western Ghana where historical
gold production amounts to over 168 million ounces. "We are
confident that this asset will contribute significantly towards El
Maniel's bottom line," stated Jamie Khoo.
El Maniel International Inc is a publicly traded company
currently focused on prospecting, developing and expanding the
economic potential of world class mining claims located in Ghana,
West Africa and the company is committed to shareholder's value
creation by ensuring constant development of current and new
resources in the region. For further information and updates on El
Maniel, stay tuned to www.elmaniel.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
CONTACT: El Maniel International, Inc
Investor Relations Contact:
212-726-2179
ir@elmaniel.com
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