EMLL: El Maniel International, Inc Announces Accelerated Plans for Pilot
Operations
NEW YORK, Aug 8, 2011 (GlobeNewswire via COMTEX) -- 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: El Maniel International, Inc.
By Staff
CONTACT: CONTACT: Investor Relations
El Maniel International, Inc
(212) 726-2179
ir@elmaniel.com
AI
