El Maniel International Inc to Commence Alluvial Gold Mining Operations on the Kumasko Gold Mining Claim Situated in the Central
March 03 2011 - 5:16PM
El Maniel International Inc (Pink Sheets:EMLL) announced today that
it has secured the Digging License from the Inspector of Mines
Division of the Minerals Commission of Ghana for immediate
commencement of alluvial gold mining operations on the 25 acres
Plot C – The Kumasko Project situated in the Central Region of
Ghana, the country's prominent gold mining region "The Digging
License is the last approval required before any commencement of
mining operations and gold production," comments Jamie Khoo, CEO of
El Maniel International Inc. "Mining operations and gold production
is scheduled to start as soon as April 2011 or earlier and revenue
contribution from Plot C will be reflected in our financials from
Q2 of 2011 which will tremendously enhance our bottom line"
"The Digging License which was issued by the Minerals Commission
of Ghana on 17 February 2011 and currently exhibited in our online
portal www.elmaniel.com is a key and final development in our
gold mining initiatives in addition to the necessary high level
local support, knowledge and contacts that are all in place for us
to implement a successful production strategy for Kumasko Project,"
according to Jamie Khoo "El Maniel is also dedicated to implement a
strong social investment strategy in Ghana with plans to rollout
local employment opportunities and encourage social
development.
"We also expect the value of our African assets to be
enhanced by the continued uptrend of the gold price which we
believe will persistently chart all time highs levels up to
US$1,600 per Oz and beyond" added Jamie Khoo.
El Maniel International Inc (Pink Sheets:EMLL) 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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