El Maniel International, Inc. (PN) (USOTC:EMLL)
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5 Years : From Jun 2014 to Jun 2019
El Maniel International Inc (Pink Sheets:EMLL) announced today its accelerated plans for preliminary operations in Papua New Guinea (PNG) "We are thrilled with the progress of our venture in PNG and we are currently gearing up to commence alluvial gold mining operations much earlier than previously planned and we are expecting to initialize pilot operations in about 60 days or sooner" according to Jamie Khoo, CEO of El Maniel International, Inc "We are planning for accelerated pilot operations by putting together a two-channels sluice system to initiate alluvial gold mining operations like the one shown in our August 2011 webcast until the arrival of our alluvial gold mining equipments". The August 2011 webcast is currently available via www.elmaniel.com
The two-channels sluice system for recovery of alluvial gold concentrate is a long through where water flows to wash auriferous earth "Although this system appears to be less sophisticated compared to the trommel wash plant, we believe that it will be adequate for us to kick start as well as to produce in the region of 300 ounces to 350 ounces of alluvial gold per month for the initial months of preliminary operations and we will ramp up production accordingly when we initialize mechanized alluvial mining operations upon arrival of our alluvial mining equipments" stated Jamie Khoo "The initial pilot operations are expected to generate additional top-line revenues in the region of $500,000 per month which will also be reflected in our next fiscal quarter financials".
"In effort towards transparency, when our pilot mining operations are up and running, we would like to invite our valued shareholders out to an open house to give all investors a chance to witness the company's operations and gold production as well as to meet the management of El Maniel International" added Jamie Khoo. Stay tuned to www.elmaniel.com for more updates.
El Maniel International Inc is a publicly traded company currently focusing in the gold business domain including but not limited to trading, prospecting, developing and expanding the economic potential of its world class mining claims and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in its global gold business domain.
"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: Investor Relations
El Maniel International, Inc