Verde Resources, Inc. Reports Discovery of Valuable Minerals at Site IV-1 of Merapoh Gold Mine
Pahang, Malaysia (PRWEB) November 18, 2013 -- Verde Resources, Inc. (OTCQB: VRDR), an exploration stage mining company focused on global mining acquisition and development opportunities, announced that recent laboratory test results at Site VI-1 of the Merapoh Gold Mine in Pahang, Malaysia have reported valuable rare oxide minerals. Additionally, on-going exploration efforts for lode gold resources at Site VI-1 of the Merapoh Gold Mine have produced promising results.
Mr. Wu, President of Verde Resources said, “We are very excited that our recent exploration work by our in-house geological team at the mine site has made great progress with the discovery of other valuable rare oxide minerals. The preliminary laboratory test conducted on a series of samples using GB/T 14506 standard reported mineral grades in the range of 500-840 g/ton, which confirmed the existence of these valuable minerals. The potential value of the rare oxide minerals is worth further exploration.”
Mr. Wu continued, “Not only is Verde Resources very pleased with the discovery of rare oxide minerals, our lode gold exploration efforts have produced excellent progress so far. Based on test analysis conducted by SGS Tianjin Mineral Laboratory, the fire assays of over 70% of the samples taken from the site reported high gold grades in the range of 18.7-49.7 g/ton.”
Mr. Wu concluded, “The encouraging test results on samples obtained from the recent lode gold exploration works, combined with the discovery of other valuable rare oxide minerals, represent incredible opportunities for the Company to not only boost the core value of the mine site, but to bring sustained increase in shareholder value. In order to achieve maximum potential value, we will continue to conduct further investigation and sampling of the mine site for prospects of lode gold and other valuable minerals. We believe 2014 will be a breakout year for Verde Resources.”
About Verde Resources, Inc.
Verde Resources, Inc. is an exploration stage mining company focused on global mining acquisition and development opportunities. Verde owns the management rights of Site IV-1 of the Merapoh Gold Mine in Pahang, Malaysia.
Website: http://www.verderesources.us
For more information, please contact Michael Liang: 852-21521223
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Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Liang, Verde Resources, Inc., http://www.verderesources.us, +1 4079217032, [email protected]
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