Nevada Organic Phosphate Announces Further Visual Mineralization in Hole MM26‑12 at Murdock Mountain; Assays Pending

Drilling extends confirmed phosphate strike to over 3.5 km; assays for latest hole are pending.

What the company is saying

Nevada Organic Phosphate Inc. (CSE:NOP, OTCQB:NOPFF, FSE:ZV8) announces that Hole MM26-12 intersected 37.4 metres of the Meade Peak Member, with oolitic zones typical of the Upper Phosphate Zone observed during core logging. The company highlights that MM26-12 is 200 metres southwest of MM26-11, extending the confirmed strike of phosphate mineralization to over 3.5 kilometres. CEO Robin Dow frames the update as a meaningful step in de-risking the geological model and increasing drilling production. Director and Qualified Person Garry Smith emphasizes improved drilling efficiency and the strong intersection in MM26-12, while noting that assays are still pending. The release positions the project as the only known large-scale organic certifiable sedimentary phosphate project in North America, with a current bed length of 6.6 kilometres and applications that could extend the strike to over 30 kilometres. The company underscores proximity to key transport infrastructure and reiterates that all technical information is reviewed by a Qualified Person.

What the data suggests

The disclosed drill data show that MM26-12 intersected 37.4 metres of the Meade Peak Member, with core logging identifying oolitic zones indicative of the Upper Phosphate Zone. Collar data for holes MM25-1 through MM26-10 provide total depths ranging from 71.32 to 215.00 metres and P2O5%/m values such as 10.23/5.12, 11.12/4.70, and 11.89/4.58, but no assays are yet available for MM26-11 or MM26-12. The confirmed strike length of phosphate mineralization now exceeds 3.5 kilometres, based on the spatial relationship between MM26-11 and MM26-12. The project footprint is currently 6.6 kilometres, with potential expansion to over 30 kilometres pending further applications. The technical disclosure is detailed and includes Qualified Person sign-off, but the economic potential remains unquantified until assays are received and no resource estimate is provided. Claims of improved drilling production and project uniqueness are not substantiated with comparative or external data.

Analysis

The announcement provides detailed operational updates, including specific drill intercepts, collar data, and project dimensions, which are all realised and supported by the disclosed data. However, some claims—such as the steady improvement in drilling production and the project's exclusivity as the only large-scale organic certifiable sedimentary phosphate project in North America—are not substantiated with comparative or quantitative evidence. The most material forward-looking statements relate to pending assay results and the potential to extend the strike length, both of which are clearly identified as future outcomes. There is no disclosure of financial metrics, capital outlay, or timelines for economic benefit, and the operational progress is not yet linked to any resource estimate or economic study. The tone is optimistic and promotional, but the majority of claims are factual and technical, with only moderate narrative inflation.

Risk flags

• ●The absence of assay results for MM26-12 and MM26-11 means that the grade and true economic potential of the intersected zones are unknown, which could materially affect the project's viability if results disappoint.
• ●Operational claims of improved drilling production are not supported by quantitative data or time-series evidence, introducing uncertainty about the reliability and scalability of current drilling performance.
• ●The assertion that this is the only known large-scale organic certifiable sedimentary phosphate project in North America is not validated with external or comparative data, so the project's competitive positioning may be overstated.
• ●The project's expansion potential to over 30 kilometres is described as dependent on additional applications, which introduces permitting and regulatory risk that could delay or prevent further development.
• ●No economic, cost, or resource estimate is disclosed, leaving investors unable to assess the project's financial viability or capital requirements at this stage.

Bottom line

Nevada Organic Phosphate Inc. has extended the confirmed strike length of phosphate mineralization to over 3.5 kilometres with the completion of Hole MM26-12, which intersected 37.4 metres of the Meade Peak Member. While collar data for previous holes show encouraging widths and P2O5%/m values, the economic significance of the latest intersections remains unknown until assay results are received. The company positions its project as unique in North America and highlights potential for significant expansion, but these claims are not externally validated and depend on future permitting. The technical disclosure is robust for an early-stage explorer, but the lack of assay results, resource estimates, and economic data means the investment case remains speculative. The next material update will be the release of assay results for MM26-12 and MM26-11, which will be critical in determining whether the project can advance toward a compliant resource estimate. For now, the main takeaway is that geological continuity is being established, but the project's value proposition is unproven until grades and tonnages are confirmed.

Announcement summary

(CSE:NOP) (OTCQB:NOPFF) (FSE:ZV8) Nevada Organic Phosphate Inc. reported that Hole MM26-12 intersected 37.4 metres (94.2 feet) of the target Meade Peak Member. Oolitic zones typical of the Upper Phosphate Zone were observed during core logging of MM26-12. The true thickness and phosphate content of the Upper Phosphatic Zone will be confirmed by assay. MM26-12 is located approximately 200 metres (656 feet) southwest of MM26-11, extending the confirmed strike of the target zone to over 3.5 kilometres (2.2 miles). Robin Dow, CEO, stated that the company is excited to increase drilling production with MM26-12 intersecting the Meade Peak and showing visual indications of the Upper Phosphate Zone, which extends the confirmed strike length of phosphate mineralization to over 3.5 kilometres. Garry Smith, P.Geo., Director, commented that drilling production has improved steadily and MM26-12 was completed without significant complications, with a strong 37.4 metre Meade Peak intersection and abundant oolites. Drill collar data for holes MM25-1 through MM26-10 includes total depths, P2O5%/m, and coordinates: MM25-1 (TD 82.60 m, 10.23/5.12), MM25-2 (TD 125.73 m, 10.70/4.79), MM25-3 (TD 71.32 m, 11.12/4.70), MM25-4 (TD 99.67 m, 10.64/3.71), MM25-5 (TD 92.96 m, 11.01/3.96), MM25-6 (TD 78.30 m, 11.89/4.58), MM26-7 (TD 152.00 m, 11.82/6.00), MM26-8 (TD 128.00 m, 4.60/5.00), MM26-9 (TD 146.93 m, 10.73/4.50), MM26-10 (TD 215.00 m, 10.89/3.60), MM26-11 (TD 156.67 m), and MM26-12 (TD 139.45 m). The company holds an organic certifiable sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications could extend the potential strike of rock phosphate to over 30 kilometres. The project is described as the only known large-scale organic certifiable sedimentary phosphate project in North America. The site is located near the main highway to Montello/Elko, Nevada, and the rail head to California or the East Coast. Garry K Smith, P.Geo., Director, is the Qualified Person who reviewed and approved the technical information in the release.

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