NEW YORK, Oct. 13, 2010 (GLOBE NEWSWIRE) -- El Maniel International, Inc. (Pink Sheets:EMLL) announces completion of geological mapping on the first 100 acres it started just weeks ago in the alluvial gold mining initiative located in Ghana, West Africa.
CEO of El Maniel International, Inc. Jamie Khoo proudly comments that, "This benchmark crystalizes the gold mining initiative of El Maniel in the African continent and immediately allows the company to expedite the geological mapping on an additional 100 acres of alluvial gold mining concession land on the Ghana plot as results have been promisingly optimal thus far."
"Geological mapping is a special purpose overview created to show subsurface geological features which provides a plan view of a specific area," states Jamie Khoo. "They are usually produced by a combination of aerial surveys and on location mapping to produce an optimal overview for a survey. El Maniel, satisfied with the geological mapping on the initial plot, is preparing to move into geological survey concurrent with the geological mapping on the additional acres."
Specifically, a geological survey employs techniques including machine driven boreholes to extract samples for lab analysis which allows El Maniel to determine actual gold reserves and facilitate planning towards commercial production. According to Jamie Khoo, "As gold prices continue to chart record high levels, profit margins for these tangible assets are expected to increase accordingly and El Maniel will be stepping on the gas to bring gold to the market by end of Q4." Forthcoming updates will be available online via www.elmanielinc.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.
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