Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) reported additional positive assay results from drill hole MM26-9 at its wholly owned Murdock Mountain project in Elko County, Nevada. The company intersected the Upper Phosphate Zone with a weighted average grade of 10.73% P2O5 over a true thickness of 4.48 meters, supporting the continuity of phosphate mineralization across the target area. The hole also returned 8.18% P2O5 over 1.0 meter in the Lower Phosphate Zone, while drill hole MM26-10 is nearing completion approximately 1.5 kilometers southwest in a previously untested area.
The company said the latest results reinforce its geological model despite weaker results from MM26-8, which it views as a localized anomaly. Nevada Organic Phosphate added that all analytical work was completed by ALS Laboratories under ISO/IEC 17025:2017 standards, with company and laboratory quality assurance and quality control programs confirming the reliability of the reported assay results. For full details, see the press release.
Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California.
These results are significant because they demonstrate the potential of the Murdock Mountain project to host a large, high-grade phosphate deposit. Phosphate is a critical component in agricultural fertilizers, and with global food demand rising, securing domestic sources of phosphate is increasingly important. The confirmation of continuous mineralization across the target area suggests that Nevada Organic Phosphate may be able to delineate a substantial resource, which could attract strategic partnerships or offtake agreements. Moreover, the project's location in Nevada provides logistical advantages, including proximity to transportation infrastructure and access to the western U.S. fertilizer market.
Investors should note that while the latest assays are encouraging, exploration is still at an early stage. The company's ability to confirm the geological model and extend the known mineralization will be key to advancing the project. The upcoming results from hole MM26-10, testing a previously untested area, could provide further upside. For ongoing updates, visit the company's newsroom.
