16:59:47 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 53,312,705
Close 2024-11-12 C$ 0.03
Market Cap C$ 1,599,381
Recent Sedar Documents

Nevada Organic finds three new targets at Murdock

2024-11-12 17:14 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE INC.: 2025 FOCUS

Nevada Organic Phosphate Inc. has made significant progress in the exploration of its flagship Murdock property in northeast Nevada. The property, renowned for its nearly flat-lying sedimentary bed of known phosphate mineralization, continues to show promising results.

"We are thrilled with the progress we've made at the Murdock property," Robin Dow, chief executive officer of Nevada Organic Phosphate, reported. "These results not only underscore the significant drilling potential of our project, and its potential massive size, but also reinforce our commitment to environmental stewardship and sustainable practices. We are well positioned to meet the growing demand for organic fertilizers in North America."

Key highlights:

  • Financial milestones: Since January, 2022, Nevada Organic has successfully raised $1,592,100 and incurred $994,961 in exploration expenditures. Nevada Organic is currently focused on a $500,000 private placement to finance continuing exploration activities into 2025 and to strengthen its financial position.
  • Positive exploration results: Geological surveys have confirmed the presence of high-quality phosphate mineralization across several new target areas within the Murdock property permit areas. The strike length of the target phosphate zone at the Murdock property has increased from approximately 6.6 to 33.4 kilometres.
  • Targets: The initial 1,813-acre application is believed to host a potential exploration target mineralization inventory (ETMI) of 10 million to 46 million tonnes of rock phosphate, with a grade ranging from 3 to 15 per cent P2O5. This estimate is based on an average thickness of 3.5 metres and a specific gravity of 2.61.
  • New targets: Three new applications covering an additional 6,011 acres have been added, bringing the total ETMI potential to 200 million to 220 million tonnes of rock phosphate.

These estimates are conceptual in nature and have not been verified by Nevada Organic according to current National Instrument 43-101 standards of disclosure. Further exploration is required to define a mineral resource. It is important to note that these figures are based on previous workers' estimates and geological models, and further exploration will be necessary to confirm these potential resources.

  • Drill program: Two thousand twenty-four drilling was delayed by the BLM (Bureau of Land Management) process being completed a week before the sage grouse habitat timing restrictions expired on Nov. 1. Drilling is now planned on the main phosphate target mid-2025.
  • Market potential: With the North American organic food market valued at approximately $35-billion, Nevada Organic is poised to become a key supplier of certified organic rock phosphate, providing an essential nutrient for sustainable agriculture. Nevada Organic has the potential to be the largest, if not the only major supplier of Organic, direct application raw rock phosphate in North America.
  • Sustainable practices: In line with the company's commitment to environmentally responsible mining, Nevada Organic's exploration timeline has been carefully revised to comply with environmental regulations and protect local wildlife habitats, including those of the sage grouse.

The technical information in this news release has been reviewed and approved by Garry K. Smith, PGeo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate is a junior exploration company based in British Columbia, Canada, focused on the development of organic sedimentary raw rock phosphate in northeastern Nevada, United States. The company's mission is to provide high-quality, environmentally responsible phosphate products to the organic agriculture industry.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.