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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 178,923,541
Close 2026-06-16 C$ 0.17
Market Cap C$ 30,417,002
Recent Sedar+ Documents

Nevada Organic completes MM26-9 hole at Murdock Mtn.

2026-06-16 18:33 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE REPORTS PRELIMINARY GEOLOGICAL OBSERVATIONS FROM DRILL HOLE MM26-9 AT MURDOCK MOUNTAIN

Nevada Organic Phosphate Inc. has made encouraging preliminary observations from drill hole MM26-9, recently completed on its wholly owned Murdock Mountain property in Elko county, Nevada.

The company's exploration target is the Upper Phosphatic zone, a 3.4- to 7.6-metre (11 to 25 feet) interval within the Meade Peak member, which itself typically comprises 28 to 40 metres (92 to 131 feet) of phosphatic siltstone and phosphorite. This stratigraphic framework is based on the work of William Fedewa (MSc thesis, 1980) from trench observations. Variations in the thickness of the Upper Phosphatic zone encountered during the current drill program will be confirmed through laboratory assays.

Drill hole MM26-8 -- results

Drill hole MM26-8, located at 724052E, 4568778N (UTM NAD83), was drilled vertically to a depth of 128 metres (419.8 feet). The drill collar is positioned approximately 100 metres north and upslope from last fall's drill holes MM25-4 and 5. MM26-8 intersected an apparent 15.3 metres (50.2 feet) of the Meade Peak unit, approximately half of what was predicted. No significant P2O5 assays were reported.

Drill hole MM26-9 -- preliminary observations

Drill hole MM26-9, located at 723798E, 4568545N (UTM NAD83), was drilled vertically to a depth of 146.93 metres (481.93 feet). The drill collar is positioned approximately 100 metres north and upslope from last fall's drill hole MM25-6. MM26-9 intersected an apparent 42.15 metres (138.25 feet) of the Meade Peak unit. True thickness and the phosphate content of the Upper Phosphatic zone will be confirmed by assay.

Robin Dow, chief executive officer, stated: "This is another solid intersection from MM26-9, and it reinforces the continuity we're working to confirm across the target area. The team is executing well, and the data are building the foundation for our next decisions."

Garry Smith, PGeo and director, added: "While MM26-8 intersected only a portion of the expected Meade Peak section and returned no significant P2O5 values, this outcome is not unusual in stratiform systems where local thinning, structural offsets or facies changes can influence the expression of the Upper Phosphatic zone. Our team is reviewing several plausible geological interpretations to understand the controls on this weaker interval. Importantly, MM26-9, drilled further along strike to the southwest, intersected a strong 42.15 metres of Meade Peak, reinforcing the continuity we are working to define across the trend. We therefore believe the poor result from MM26-8 is a local, small-scale anomaly. Each hole adds valuable information, and the overall data set continues to support our technical understanding of the target horizon."

The drill is currently mobilizing to MM26-10 at the Pad 12 site, approximately 1.5 kilometres along strike to the southwest in a new area untested by previous drilling.

The company will release laboratory assay results once received and validated.

Qualified persons

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

When available, all assays and detailed core logging interpretation will be provided by the independent qualified person for this drill program, Kenneth N. Tullar, AIPG, certified professional geologist (CPG 11142). Mr. Tullar has reviewed and approved the technical content of this disclosure.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeastern Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and near the railhead to California or the East coast.

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