Drill Results
Nevada Organic Phosphate Reports Preliminary Geological Observations From Drill Hole MM26-8 at Murdock Mountain
Nevada Organic Phosphate Advances Phase 2 Drilling at Murdock Mountain as Preliminary Observations Signal Continued Phosphate Horizon Extension

Executive Summary
- Nevada Organic Phosphate Inc. (NOP) released preliminary geological observations from drill hole MM26-8 at its Murdock Mountain property.
- The hole intersected approximately 15.3 metres of the Meade Peak phosphatic unit.
- The exploration targets the Upper Phosphatic Zone, which typically measures 3.4 to 7.6 metres in thickness.
- Final true thickness and phosphate grades are pending laboratory assay validation.
- Drilling has advanced to hole MM26-9, positioned upslope from previous holes. Operations are temporarily paused for mandatory crew rest but will resume shortly.
- Core logging, prospecting in new permit areas, and pad reclamation continue on-site.
Material Impact
- The release represents a standard exploration update within an already funded and announced Phase 2 drilling program.
- Preliminary geological observations are not assay results. Without laboratory validation, the intersection cannot yet be quantified in terms of grade or economic potential.
- The update is fully in line with previous expectations set by the May 2026 financing and the ongoing 2026 exploration plan.
- No new strategic partnerships, resource estimates, or financing announcements were made. The market already priced in the drilling program and the $5.5 million capital raise.
- The news is incremental and routine. It does not contain genuinely new, unexpected, or market-moving information.
NOP · Price
Company Overview
- Nevada Organic Phosphate Inc. is a junior exploration company focused on the Murdock Mountain Project in Elko County, Nevada.
- The flagship asset is a shallow-dipping, organic sedimentary rock-phosphate bed spanning 6.6 km, with geological models suggesting potential extension beyond 30 km.
- The target product is Direct-Application Rock Phosphate (DARP), marketed for organic and regenerative agriculture systems.
- The deposit is characterized by low heavy-metal contaminants (As, Cd, Pb, Hg) well below AAPFCO and USDA organic thresholds, providing a "clean chemistry" advantage for premium fertilizer markets.
- The project benefits from proximity to major transportation corridors (highway to Montello/Elko and a railhead serving California), reducing future logistics costs.
- Phosphate was added to the U.S. Critical Minerals List in November 2025, potentially unlocking federal permitting support and research funding.
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Jun 16, 2026 · 08:30