US-based gold developer El Maniel International is in talks with several parties in the Kyrgyz Republic capital Bishkek to explore local mineral resources opportunities with the potential to set up representative companies there immediately.
“We were thrilled to learn from preliminary discussions that Kyrgyzstan is mineral rich with significant world-class gold deposits and this meets our predominant interest and objectives in pursuing new horizons for our gold business domain,” says El Maniel’s chief executive officer Jamie Khoo. “We also believe that this initiative will open doors to promising gold resources in the Central Asian region.”
The Kyrgyz Republic’s largest operating gold mine is Centerra Gold’s Kumtor mine, which is also the largest in Central Asia. It is located on the Tien Shan Belt - a highly mineralized zone that extends for more than 2500 kilometres from Uzbekistan through to western China.
Gold companies including White Cliff Minerals, T2 Gold and Manas Resources are currently enjoying upgraded project estimates in the Kyrgyz Republic. Major deposits such as Chanach and Shambesai are estimated to contain up to 200 million ounces of gold and 25 million tonnes of copper.
El Maniel is focused on the global gold sector by developing and expanding the economic potential of world-class mining claims. It’s aggressively expanding its global gold trading capabilities in Africa and Papua New Guinea.
“We remain aggressive in our endeavours to enhance the top-line growth of the company and we believe that this can be achieved through new acquisition or joint ventures in world-class gold mining properties so as to increase our bottom line and to take the company to greater heights,” says Jamie Khoo.