NEW YORK, March 16, 2011 (GLOBE NEWSWIRE) -- 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
"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 firstname.lastname@example.org