Pahang, Malaysia (PRWEB) April 21, 2014
Verde Resources, Inc. (OTCQB: VRDR) is pleased to present exploration and development plans for its lode gold exploration property at Site IV-1 of the Merapoh Mine in Pahang, Malaysia. The Company is about to commence an exploration program by mobilizing professional geological team to confirm lode gold resources, obtain data for feasibility study and to assess targets for future mine development plan.
The Company has arranged for $3 million to be invested into the lode exploration program which includes the engagement of a team of professional geologists and technicians to conduct geological, electronic and hydrogeological surveying, trenching, sampling and laboratory analysis. Upon defining the targets for core drilling, a drilling program will be carried out for 300 meters of drilling in about 30 holes.
All works on data collection, validation, management, storage and reporting shall be conducted in accordance with international guidelines. Data obtained from the exploration program shall be provided to international technical firm to obtain the JORC resources estimation.
Mr. Wu, President of Verde Resources, said “We have never been more excited with our forward mine plan. We are confident to identify high-grade zones with this exploration program which will establish a significant gold resource on this property at Site IV-1 of the Merapoh Mine. The results from the exploration program will strengthen the future development of our operations and also support our overall 2014 business objectives.”
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, which has four tons of alluvial gold resources and potential 30 tons of lode gold. Verde is also exploring for potential rare earth elements deposits in various parts of the world.
For more information, please contact Michael Liang: 852-21521223 .
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.