Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) reported encouraging preliminary observations from drill hole MM26-8 at its wholly owned Murdock Mountain Property in Nevada, where the hole intersected an apparent 15.3-meter (50.2-foot) section of the Meade Peak unit. The company said its exploration target remains the Upper Phosphatic Zone within the Meade Peak Member, with true thickness and phosphate content to be confirmed through laboratory assays.
The company also announced that drill hole MM26-9 has been collared approximately 100 meters north and upslope from a previous drill location, with drilling set to resume following a mandatory crew rest period. Nevada Organic Phosphate said laboratory assay results from the current program will be released once received and validated. This development is significant because the Murdock Mountain Property is believed to host the only known large-scale organic sedimentary phosphate project in North America, with a strike length of 6.6 kilometers and potential extension to over 30 kilometers.
Phosphate is a critical component in fertilizers, and the United States relies heavily on imports for its phosphate needs. A domestic source of organic sedimentary phosphate could reduce dependency on foreign supplies and support agricultural sustainability. The proximity of the property to major transportation infrastructure, including a highway to Montello/Elko, Nevada, and a rail head to California, enhances its economic viability.
Investors have taken note of the progress, as Nevada Organic Phosphate shares trade on the CSE under the symbol NOP and on the OTCQB under NOPFF. The company continues to advance its exploration program with systematic drilling designed to define the extent and grade of the phosphate mineralization. The complete press release is available at https://ibn.fm/bnZkv.
Additional information about the company can be found in its newsroom at https://ibn.fm/NOP. Nevada Organic Phosphate is a junior exploration company focused on a large organic sedimentary rock phosphate deposit in northeast Nevada, which is strategically located for distribution to western U.S. markets.
