08:31:56 EDT Wed 02 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 56,712,705
Close 2025-06-24 C$ 0.04
Market Cap C$ 2,268,508
Recent Sedar Documents

Nevada Organic nears start of drilling at Murdock

2025-06-24 18:25 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE CLEARS FINAL HURDLES, POISED TO BEGIN DRILLING AT FLAGSHIP MURDOCK PROPERTY

Nevada Organic Phosphate Inc. has achieved a major milestone in its flagship Murdock property.

Key regulatory steps have been completed: the reclamation bond for the Nevagro lease has been paid in full, and the United States Bureau of Land Management (BLM) has issued a signed decision record approving Nevada Organic Phosphate's exploration drill program under the NEPA environmental assessment. Nevagro, a wholly owned subsidiary of Nevada Organic Phosphate, now awaits the pending final signed exploration permit to commence ground operations.

The BLM Nevada State Office confirmed receipt of the $118,315 (U.S.) reclamation bond, satisfying the requirements of 43 CFR 3500 for prospecting permit NVNV1061697277. The formal decision record was issued on May 28, 2025.

Drilling program to begin

With permits in place, Nevada Organic Phosphate is preparing to launch an initial 12-hole core drilling program -- targeting depths between 100 and 250 metres across Area A of the Nevagro lease. Access improvements, including grading of the 6.6-kilometre existing trail, will facilitate logistical ease and efficiency throughout the drill campaign. Drilling contracts are currently being finalized.

"We are thrilled to move into this critical exploration phase," said Robin Dow, chief executive officer of Nevada Organic Phosphate. "This marks a significant step toward unlocking the vast potential of the Murdock property. Our aim is to play a central role in supplying organic phosphate to a growing North American market hungry for sustainable agricultural inputs."

Highlights:

  • Offering oversubscribed: With another funding tranche closed last Friday, to bring in a total of $320,000, the company is now working on tranche 3, which it expects to close over the next few weeks.
  • Regulatory green light: BLM reclamation bond accepted and decision record issued May 28, 2025.
  • Promising geology: Recent surveys confirm mineralization over newly identified targets. The main phosphate-bearing zone has grown from 6.6 km to 33.4 km in strike length.
  • Exploration potential: The initial 1,813-acre Nevagro permit area is projected to contain an exploration target mineralization inventory (ETMI) of 10 million to 46 million tonnes of rock phosphate, grading 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).
  • Expansion under way: Three additional lease applications covering 6,011 acres could increase the total ETMI potential to between 200 million to 220 million tonnes.

These estimates are conceptual in nature and have not been verified by Nevada Organic Phosphate 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.

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 with an organic sedimentary raw rock phosphate bed, 8.25 kilometres long, in northeast Nevada. This is believed to be the only known organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and near the rail head to California.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.