Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) has reported encouraging preliminary observations from drill hole MM26-8 at its wholly owned Murdock Mountain Property in Nevada. The hole intersected an apparent 15.3-meter (50.2-foot) section of the Meade Peak unit, which contains the company's exploration target: the Upper Phosphatic Zone within the Meade Peak Member. True thickness and phosphate content will be confirmed through laboratory assays, which are pending.
The company also announced that drill hole MM26-9 has been collared approximately 100 meters north and upslope from a previous drill location. Drilling is set to resume following a mandatory crew rest period. Nevada Organic Phosphate stated that laboratory assay results from the current program will be released once received and validated.
This update is significant for investors and the mining industry as Nevada Organic Phosphate holds what is believed to be the only known large-scale organic sedimentary phosphate project in North America. The Murdock Mountain property features a 6.6-kilometer-long organic sedimentary raw rock phosphate bed, with additional applications extending the potential strike to over 30 kilometers. The property is strategically located near a main highway to Montello/Elko, Nevada, and close to a rail head to California, which could facilitate future transportation and development.
The company's focus on organic phosphate is noteworthy because organic sedimentary phosphate deposits are rare and can be used in organic farming fertilizers, a growing market segment. The results from this drilling program could provide key data on the grade and thickness of the phosphate zone, influencing the project's economic viability.
For more details, the full press release is available at https://ibn.fm/bnZkv. Additional information about Nevada Organic Phosphate Inc. can be found on their newsroom at https://ibn.fm/NOP.
