Nevada Organic Phosphate Inc. (CSE: NOP) announced on October 19, 2026, that drill hole MM26-11 at its Murdock Mountain project in northeast Nevada intersected 28.7 metres of the target Meade Peak Member, with visual indications of the Upper Phosphate Zone observed during core logging. The result extends the company's confirmed phosphate mineralization strike length to over 3.3 kilometres, advancing its geological model. Assay results confirming phosphate content and true thickness of the Upper Phosphatic Zone are pending, and investors may be watching closely for those figures.

Key Points

  • Nevada Organic Phosphate Inc. (CSE: NOP, OTCQB: NOPFF, FSE: ZV8)
  • Drill hole MM26-11 intersected 28.7 metres of the Meade Peak Member at Murdock Mountain, Nevada
  • Strike length of confirmed phosphate mineralization now exceeds 3.3 kilometres; MM26-11 is approximately 315 metres further along trend from MM26-10
  • Investors should watch for assay results confirming P2O5 grades and true thickness of the Upper Phosphatic Zone

MM26-11 Intersection Details and Strike Expansion at Murdock Mountain

Hole MM26-11 returned a 28.7-metre intersection of the Meade Peak Member, the company's primary phosphate target at Murdock Mountain. Oolitic zones typical of the Upper Phosphate Zone were identified during core logging. The hole is located approximately 315 metres further along trend to the southwest from MM26-10, which itself represented a 1.5-kilometre step-out from MM26-9. The combined results extend confirmed phosphate mineralization strike length to over 3.3 kilometres. True thickness and phosphate content of the Upper Phosphatic Zone in MM26-11 remain subject to assay confirmation.

Previous Drill Results Provide Grade Context for MM26-10

The announcement references previously reported results from MM26-10, which intersected 27 metres of Meade Peak including a notable interval of 10.89% P2O5 over 3.60 metres. Those figures provide a grade benchmark as the company awaits assay data from MM26-11. NOP describes itself as holding what it believes to be the only known large-scale organic-certifiable sedimentary phosphate project in North America, with a phosphate bed 6.6 kilometres long and potential strike applications extending beyond 30 kilometres.

Drilling Pace Explained Amid Challenging Murdock Mountain Formation

Qualified Person and Director Garry K. Smith, P.Geo., addressed slower assay reporting in the 2026 program compared to 2025, noting that holes are penetrating greater intervals of the Murdock Mountain Formation before reaching the Meade Peak Member. The release states this formation is a heterogeneous, silica-cemented, dolomitic mudstone with chert horizons and nodules that can cause blocked core barrels, reduced recovery, and additional reaming time. The company states experienced drillers can adapt, but the process takes longer under these conditions. The technical information was reviewed and approved by Smith as a Qualified Person under National Instrument 43-101.