According to the company, the initial results from the geological survey conducted indicates that the projected gross revenues from the expected gold reserves in the region is $200m based on current gold prices.
El Maniel CEO Jamie Khoo said that the company expects a ramp-up in production from the preliminary estimates after the first year of operations.
Plots A and B refers to the alluvial gold mining claim which is situated in Akatreka of Wassa Amenfi West, next to the Ankobra river.
El Maniel is currently focused on prospecting, developing and expanding the economic potential of mining claims located in Ghana.
