El Maniel International, Inc Announces Accelerated Plans for Pilot Operations
08 August 2011 - 10:22PM
El Maniel International Inc (Pink Sheets:EMLL) announced today its
accelerated plans for preliminary operations in Papua New Guinea
(PNG) "We are thrilled with the progress of our venture in PNG and
we are currently gearing up to commence alluvial gold mining
operations much earlier than previously planned and we are
expecting to initialize pilot operations in about 60 days or
sooner" according to Jamie Khoo, CEO of El Maniel International,
Inc "We are planning for accelerated pilot operations by putting
together a two-channels sluice system to initiate alluvial gold
mining operations like the one shown in our August 2011 webcast
until the arrival of our alluvial gold mining equipments". The
August 2011 webcast is currently available via www.elmaniel.com
The two-channels sluice system for recovery of alluvial gold
concentrate is a long through where water flows to wash auriferous
earth "Although this system appears to be less sophisticated
compared to the trommel wash plant, we believe that it will be
adequate for us to kick start as well as to produce in the region
of 300 ounces to 350 ounces of alluvial gold per month for the
initial months of preliminary operations and we will ramp up
production accordingly when we initialize mechanized alluvial
mining operations upon arrival of our alluvial mining equipments"
stated Jamie Khoo "The initial pilot operations are expected to
generate additional top-line revenues in the region of $500,000 per
month which will also be reflected in our next fiscal quarter
financials".
"In effort towards transparency, when our pilot mining
operations are up and running, we would like to invite our valued
shareholders out to an open house to give all investors a chance to
witness the company's operations and gold production as well as to
meet the management of El Maniel International" added Jamie Khoo.
Stay tuned to www.elmaniel.com for more 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.
"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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