Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF; FSE: Z58) announced that drill hole MM26-12 intersected 37.4 metres of the target Meade Peak Member, with oolitic zones characteristic of the Upper Phosphate Zone observed during core logging. The hole is located approximately 200 metres southwest of MM26-11, and the company said the latest result extends the confirmed strike length of the target zone to more than 3.5 kilometres.
The company noted that assay results are pending to confirm the true thickness and phosphate content of the Upper Phosphatic Zone. CEO Robin Dow said the results represent continued progress in validating the company’s geological model, while director Garry Smith noted improved drilling productivity and completion of MM26-12 without significant complications.
The announcement matters for investors and the agricultural sector because it expands the footprint of what the company describes as the only known large-scale organic sedimentary phosphate project in North America. NOP 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, according to the company. The project is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California, which could support future logistics if the project advances.
Phosphate is a key input for fertilizers, and organic phosphate sources are of growing interest to agricultural producers seeking certified organic inputs. The confirmed extension of the target zone, while still subject to assay confirmation, provides further evidence that the geological model may hold across a larger area. For readers following the junior resource sector, the pending assay results will be a key catalyst to watch, as they will determine whether the observed intersections translate into economically meaningful phosphate content.
For a full view of the press release, visit https://ibn.fm/V4zPY. The latest news and updates relating to NOP are available in the company’s newsroom at https://ibn.fm/NOP. The release was disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising.
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