Nevada Organic Phosphate Inc. (CSE: NOP) announced that drill hole MM26-13 at its Murdock Mountain project in northeast Nevada has intersected 33.7 metres of the target Meade Peak Member, with oolitic zones consistent with the Upper Phosphate Zone noted during core logging. The company reports that drilling is now underway at MM26-14, which extends the confirmed strike of the Meade Peak horizon to over 4.5 kilometres. Assay results confirming true thickness and phosphate content remain outstanding, making these findings preliminary but significant for investors tracking the project's geological development.

Key Points

  • Nevada Organic Phosphate Inc. (CSE: NOP, OTCQB: NOPFF, FSE: ZV8)
  • Drill hole MM26-13 intersected 33.7 metres of the Meade Peak Member, with Upper Phosphate Zone characteristics identified visually during core logging
  • MM26-14, located 1,036 metres southwest of MM26-12, has intersected the top of the Meade Peak and extends the confirmed strike length to over 4.5 kilometres
  • Investors will be watching for assay results to confirm phosphate grades and true thickness of the mineralised interval

MM26-13 Intersection Adds to Upper Phosphate Zone Evidence at Murdock Mountain

Hole MM26-13 is located approximately 122 metres further southeast on section relative to MM26-11 and returned a 33.7-metre intersection of the Meade Peak Member. The company notes that oolitic zones typical of the Upper Phosphate Zone were observed during core logging. CEO Robin Dow stated that the result provided "another encouraging indication of the Upper Phosphate Zone, consistent with our geological expectations." The company cautioned that true thickness and phosphate content remain subject to assay confirmation, meaning investors should treat the visual observations as preliminary pending laboratory results.

Strike Length Pushed Beyond 4.5 Kilometres as MM26-14 Drilling Advances

With MM26-14 now underway and positioned 1,036 metres southwest of MM26-12, the company states the confirmed strike of the Meade Peak horizon has been extended to over 4.5 kilometres. Qualified Person and Director Garry Smith, P.Geo., noted that the geological model has performed consistently across this strike length and that visual observations from the westernmost drill holes are encouraging. Smith added that the company intends, weather permitting, to complete several additional drill holes to support future technical studies, although no specific timeline was provided in the announcement.

Geological Model Consistency Supports Laterally Continuous Phosphate Horizon Interpretation

The company's geological interpretation holds that a laterally continuous phosphate horizon underlies the Murdock Mountain area. Smith described the predictable continuation of stratigraphy as "meaningful progress in reducing geological uncertainty." Nevada Organic Phosphate holds what it describes as a 6.6-kilometre organic certifiable sedimentary raw rock phosphate bed in northeast Nevada, with potential strike extensions to over 30 kilometres. The company believes this to be the only known large-scale organic certifiable sedimentary phosphate project in North America, positioning it as a potentially distinctive asset in the domestic phosphate space.

Technical Oversight and Qualified Person Sign-Off

The technical information in the announcement was reviewed and approved by Garry K. Smith, P.Geo., a Director of the company and a Qualified Person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. The immediate share price impact was not clear from available public information. The drill collar coordinates for all holes, including MM26-13 and MM26-14, were disclosed in the release in UTM NAD83 format.