NEW YORK, June 10, 2011 (GLOBE NEWSWIRE) -- Further to our press release dated June 1, 2011, El Maniel International Inc (Pink Sheets:EMLL) announced today that the Company has entered into a Definitive Agreement to acquire Plot D1 which is the 50 acres of gold mining claim situated approximately 80 kilometres north of Accra in the Kibi-Winneba Basin of Eastern Region, Ghana. "We are thrilled to have sealed the acquisition of Plot D1 which is situated in the Eastern Region under the Kibi-Winneba Gold Belt which exhibits similar geological features with the Ashanti Gold Belt in the Western Region of Ghana" according to Jamie Khoo, CEO of El Maniel International Inc "This alluvial gold mining claim is located on the western side of the prominent Atewa Range in the Kibi-Winneba Gold Belt which is one of the most prospective gold bearing belts in Ghana and the area is underlain mostly by Birimian Supergroup metasedimentary and metavolcanic rocks of Precambrian age".
Alluvial gold deposit in Ghana can be found in most rivers draining the Birimian rocks and they occur in gravels of streams, river flats and old valleys on terraces and in beach and gravel sand. The placers are derived mainly from the primary vein and lode type deposit in the Birimian and alluvial gold prospecting has been concentrated in the Birim, Pra, Jimi, Ankobra, Offin and Fura rivers. "We are very excited about Plot D1 as we are now on the Birim river valley which is also neighbor to some public listed gold companies and in addition, exploration results presented under the NI43-101 Technical Report of a public company in the vicinity reported very encouraging results as well as the presence of significant gold mineralization" added Jamie Khoo "We are confident that this gold property will significantly facilitate the rapid growth and realization of inherent values that shareholders expect the Company to deliver"
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 world class mining claims located in Ghana, West Africa and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in the region. For further information, stay tuned to
"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
