El Maniel International, Inc Announces Plans for Operations in Papua New Guinea
New York – July 28, 2011 - El Maniel International Inc (EMLL:OTC) announced today that the Company has formalized its venture on a promising alluvial mining interest of 100 acres located in Enga Province of Papua New Guinea (PNG) after a recent exploration visit to the project site “We are very excited about this new alluvial mining claim as this project is expected to generate long-term revenue and growth opportunities for the company as well as enhancing our bottom-line profits” according to Jamie Khoo, CEO of El Maniel International, Inc “We strongly believe that the occurrence of gold mineralization in this property is significant for us to commence commercial production and we are currently planning to accelerate the commissioning of alluvial mining operations from 12 months per initial schedule to 6 months in view of promising preliminary findings and we remain very excited with this new frontier”
“In view of rising gold prices and promising features of this gold asset such as high mineral reserves, we have reasons to believe that this project can become a significant revenue generating and profit centre” added Jamie Khoo. Stay tuned to www.elmaniel.com for further 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. For further information, 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 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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