El Maniel International, Inc Announces Plans for Operations in Papua New Guinea
28 July 2011 - 10:28PM
El Maniel International Inc (Pink Sheets:EMLL) announced today that
the Company has formalized its venture on a promising alluvial
mining interest of 100 acres located in Enga Province of Papua New
Guinea (PNG) after a recent exploration visit to the project site
"We are very excited about this new alluvial mining claim as this
project is expected to generate long-term revenue and growth
opportunities for the company as well as enhancing our bottom-line
profits" according to Jamie Khoo, CEO of El Maniel International,
Inc "We strongly believe that the occurrence of gold mineralization
in this property is significant for us to commence commercial
production and we are currently planning to accelerate the
commissioning of alluvial mining operations from 12 months per
initial schedule to 6 months in view of promising preliminary
findings and we remain very excited with this new frontier"
"In view of rising gold prices and promising features of this
gold asset such as high mineral reserves, we have reasons to
believe that this project can become a significant revenue
generating and profit centre" added Jamie Khoo. Stay tuned to
www.elmaniel.com for further 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. For further information, visit
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: Investor Relations
El Maniel International, Inc
(212) 726-2179
ir@elmaniel.com
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