Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) (FSE: Z58), a British Columbia-based organic sedimentary phosphate exploration company, reported that drill hole MM26-13 intersected 33.7 meters (110.6 feet) of the target Meade Peak Member, with oolitic zones characteristic of the Upper Phosphate Zone observed during core logging. The company said assay results are pending to confirm the true thickness and phosphate content of the intersection.
The announcement, disseminated on behalf of Nevada Organic Phosphate Inc., also noted that MM26-13 is located approximately 122 meters southeast of MM26-11, while drilling at MM26-14 has intersected the top of the Meade Peak Member. MM26-14, situated 1,036 meters southwest of MM26-12, extends the confirmed strike of the target Meade Peak horizon to more than 4.5 kilometers (2.8 miles).
CEO Robin Dow said the results are consistent with geological expectations and represent progress in reducing geological uncertainty ahead of future technical studies. Director Garry Smith, P.Geo., noted that observations from the westernmost drill holes support the company’s interpretation of a laterally continuous phosphate horizon. Nevada Organic Phosphate plans to complete several additional drill holes, weather permitting, to further support future technical studies.
The news matters because it provides early physical evidence that the targeted phosphate-bearing horizon persists across a substantial distance, which is a key factor in assessing the scale and continuity of a mineral project. For readers and investors, the pending assay results will be critical to confirming the true thickness and phosphate content, and the company’s stated plan for additional drilling signals that further technical work is intended to follow.
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. This is believed to be the only known large-scale organic sedimentary phosphate project in North America, situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California.
For ongoing coverage of the company, the latest news and updates relating to NOP are available in its newsroom at https://ibn.fm/NOP. The full press release can be viewed at https://ibn.fm/eNVFS.
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