El Maniel International, Inc. Completes Geological Mapping on Additional 100 Acres in Ghana, West Africa
November 09 2010 - 10:26AM
El Maniel International Inc (Pink Sheets:EMLL) announces completion
of geological mapping on the additional 100 acres alluvial gold
mining concession in the South-Western Region of Ghana, West
Africa. "During this additional 100 acres geological mapping and
also the on-going geological survey of the first 100 acres, we
gained significant knowledge of our property located in Ghana's
Golden Triangle, an area in the South-Western Region of Ghana and
we are very excited about the progress" according to CEO of El
Maniel, Jamie Khoo
"Current gold reserves in Ghana's Golden Triangle combined with
historical gold production amounts to over 168 million ounces and
we are situated right in the middle of proven gold fields where
gold deposits yield an average of over 2.0 g/t" adds Jamie Khoo
"Several gold miners that are publicly listed on major stock
exchanges such as the Toronto Stock Exchange (TSX), Australian
Stock Exchange (ASX) and Frankfurt Stock Exchange are also centered
in this Golden Triangle."
Ghana is well known as a mining-friendly nation with over 1000
years history of gold production and the country is the second
largest gold producer in Africa. The famous mines in Ghana has been
in continuous production for 110 years and the country is still
continuously attracting billions of foreign investment due to the
long mining history, prospective minerals deposits, reasonable
taxation and stable government.
"El Maniel is definitely moving on the right track with the West
African venture as gold's primary trend continues to be on the
upside relentlessly pursuing US$1600 per ounce" states Jamie Khoo
"El Maniel has developed a promising portfolio of international
properties in regions marked by stable politics, sound economies
and friendly business relations and the company is currently
working towards accelerating the progress of its rich gold
production potential holdings of alluvial gold mining concessions
in the well defined gold belt of the South-Western Region of Ghana,
West Africa." For more information on the Company and its projects,
visit El Maniel's website at www.elmanielinc.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.
Gerrard Hollister Investor Relations GH@GerrardHollister.com +1
(310) 909-7988
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