Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) 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, the company said. The exploration target remains the Upper Phosphatic Zone within the Meade Peak Member, with true thickness and phosphate content to be confirmed through laboratory assays.
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 said laboratory assay results from the current program will be released once received and validated.
This development is significant for Nevada Organic Phosphate as it progresses toward defining a potential phosphate resource. The Murdock Mountain Property is believed to host the only known large-scale organic sedimentary phosphate project in North America, with a 6.6-kilometer-long bed and additional applications extending the potential strike to over 30 kilometers. The property is situated close to the main highway to Montello/Elko, Nevada, and near a rail head to California, providing logistical advantages.
The full press release is available at https://ibn.fm/bnZkv. For more information about Nevada Organic Phosphate, visit their newsroom at https://ibn.fm/NOP.
