updated 1/27/2011 9:46:58 AM ET 2011-01-27T14:46:58

NEW YORK, Jan. 27, 2011 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) announces today that the geological mapping and geological survey for Plot A and Plot B have been duly completed. "Results from the geological survey are being compiled, correlated and analyzed for release accordingly" stated Jamie Khoo, CEO of El Maniel International Inc

Plot A refers to the 100 acres of alluvial gold mining claim situated in the well defined gold belt of the Western Region in Ghana and this plot also happens to be in the popular "Golden Triangle". Plot B is also an alluvial gold mining claim totaling another 100 acres situated in the Golden Triangle right next to Plot A. The Golden Triangle is a proven location where current gold reserves combined with historical gold production amounts to over 168 million ounces and both the plots have excellent access to port and road infrastructures.

"Preliminary review of the results from the mapping and survey work on the alluvial mining claims indicate that both plots have a tremendous potential of alluvial gold recovery as per initial expectations." according to El Maniel's Jamie Khoo "We are very excited with the completion of this phase as part of our mining development activities and we are looking forward to the next steps towards income production and profit generation through our mining activities, alongside our other initiatives in the African Continent."

Africa is the world's second-largest and second most-populous continent after Asia. The whole African Continent comprises 53 countries in the regions of Western Africa, Eastern Africa, Middle Africa, Northern Africa, and Southern Africa.

El Maniel International, Inc. is 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 and aggressive development of current and new resources in the region. For further information and updates on El Maniel, stay tuned to our website 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:

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com