NEW YORK, Nov. 9, 2010 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) announces completion of geological mapping on the additional 100 acres alluvial gold mining concession in the South-Western Region of Ghana, West Africa. "During this additional 100 acres geological mapping and also the on-going geological survey of the first 100 acres, we gained significant knowledge of our property located in Ghana's Golden Triangle, an area in the South-Western Region of Ghana and we are very excited about the progress" according to CEO of El Maniel, Jamie Khoo
"Current gold reserves in Ghana's Golden Triangle combined with historical gold production amounts to over 168 million ounces and we are situated right in the middle of proven gold fields where gold deposits yield an average of over 2.0 g/t" adds Jamie Khoo "Several gold miners that are publicly listed on major stock exchanges such as the Toronto Stock Exchange (TSX), Australian Stock Exchange (ASX) and Frankfurt Stock Exchange are also centered in this Golden Triangle."
Ghana is well known as a mining-friendly nation with over 1000 years history of gold production and the country is the second largest gold producer in Africa. The famous mines in Ghana has been in continuous production for 110 years and the country is still continuously attracting billions of foreign investment due to the long mining history, prospective minerals deposits, reasonable taxation and stable government.
"El Maniel is definitely moving on the right track with the West African venture as gold's primary trend continues to be on the upside relentlessly pursuing US$1600 per ounce" states Jamie Khoo "El Maniel has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations and the company is currently working towards accelerating the progress of its rich gold production potential holdings of alluvial gold mining concessions in the well defined gold belt of the South-Western Region of Ghana, West Africa." For more information on the Company and its projects, visit El Maniel's website at 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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