Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF; FSE: Z58) reported 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, located approximately 200 metres southwest of MM26-11, extends the confirmed strike length of the target zone to more than 3.5 kilometres, according to the company’s announcement disseminated on behalf of Nevada Organic Phosphate Inc.
The extension matters because it suggests the mineralized system is laterally continuous over a substantial distance, a key factor in assessing the project’s potential scale. The company said assay results are pending to confirm the true thickness and phosphate content of the Upper Phosphatic Zone. Until those assays are returned, the significance of the 37.4-metre intersection remains uncertain, but the visual evidence of oolitic zones is consistent with the targeted phosphate-bearing horizon.
CEO Robin Dow said the results represent continued progress in validating the company’s geological model. Director Garry Smith noted improved drilling productivity and completion of MM26-12 without significant complications. Those operational comments imply that the company is moving toward a more efficient drill program, which could allow it to test additional targets and step-out locations more quickly.
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. The company believes this is the only known large-scale organic sedimentary phosphate project in North America. Its location close to the main highway to Montello/Elko, Nevada, and near the rail head to California could support future logistics if the project advances.
For investors, the announcement is important because it expands the confirmed footprint of the target zone while the market waits for assay data that will determine whether the intersected material is economically meaningful. The pending assays will be the next catalyst, and the company’s ability to maintain drilling productivity could influence how quickly those results are generated. The latest news and updates relating to NOP are available in the company’s newsroom at https://ibn.fm/NOP.
The full press release can be viewed at https://ibn.fm/V4zPY. The announcement was distributed through InvestorWire, a communications platform within the Dynamic Brand Portfolio at IBN.
