El Maniel International, Inc Establishes Base Camp in Papua New Guinea
13 Outubro 2011 - 9:17AM
El Maniel International Inc (Pink Sheets:EMLL) announced today that
the Company has achieved significant progress in its gold mining
endeavors in Papua New Guinea by successfully establishing the base
camp for its new project situated at the Bulpat Creek of Misima
Island in Papua New Guinea "We are very excited with this promising
new asset totaling 108 acres and based on the geological survey
report issued in 2009 for this alluvial gold mining claim, the
projected gold reserves is estimated to be in the region of 85,000
ounces valued at US136,000,000 at gold price of $1,600 per ounce"
according to Jamie Khoo, CEO of El Maniel International, Inc
The Misima Island has a total land area of 202.5 square
kilometers and the project site has excellent road access from the
sea port in Misima town and Misima airport. "With the establishment
of our base camp as well as having the alluvial gold mining
equipment in place, we are ready to roll out into the next phase of
our mine development and gold production plan for Misima Project in
advance of the Enga project" added Jamie Khoo "According to our
mining engineer who has been working closely on this project, the
projected initial alluvial gold production from this project site
is estimated at 500 ounces per month". Visual updates of the Misima
Project site plan, base camp and alluvial gold mining equipment are
currently available through our website www.elmaniel.com
About El Maniel International, Inc:
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 and updates, 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 risk 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
El Maniel (CE) (USOTC:EMLL)
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