PAHANG, Malaysia, July 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Verde Resources, Inc. (OTCQB:VRDR) is pleased to report that it has initiated preliminary assessment on the potential of rare earth deposits in several countries in the South East Asia region. Verde's in-house engineering and technical team has engaged on an information-gathering exercise to analyze and determine the composition and economic viability of the current resources at potential sites that include Malaysia, Vietnam and Cambodia. Mr. M.D. Wu, President of Verde Resources, said, "The information gathered during the exploration phase will enable us to estimate the size and value of the deposit, and therefore, the commercial viability of the mine." SRK Consulting has also been engaged to assist Verde Resources with technical guidance for exploration and independent feasibility evaluation.
In addition to evaluating the mineral deposits, Verde Resources is also committed on the operational plans to solve problems that may affect the potential mine by performing environmental baseline study that forms an important part of the planning process necessary to acquire the relevant operating permits.
Mr. Wu concluded, "We are very optimistic with this unique opportunity for the potential development of a significant heavy rare earth supply in the South East Asia region. Verde is committed to developing a portfolio of mineral exploration projects outside of its current alluvial and lode gold activities, and will continue to focus on accelerating the development of rare earth opportunity."
About Verde Resources, Inc.
Verde Resources, Inc. is an exploration stage mining company focused on global mining acquisition and development opportunities. Through its subsidiary, Verde owns a majority interest in Champmark Sdn Bhd, a mining contractor of the mining lease for Site IV-1 at 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.
Website: http://www.verderesources.us
For more information, please contact Michael Liang: 852-215-21223 .
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.
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Verde Resources, Inc. Michael Liang +1 4079217032
