Nevada Organic Phosphate Continues 2026 Drill Program with MM26-11 at Murdock Mountain

NOP advances drilling at Murdock Mountain, extending phosphate strike by 1,033 feet.

What the company is saying

Nevada Organic Phosphate Inc. is announcing the start of drill hole MM26-11 at its Murdock Mountain Project in Nevada, following the successful intersection of the Upper Phosphate Zone in MM26-10. The company highlights that MM26-11 steps out 315 metres (1,033 feet) further along strike, aiming to expand the known phosphate mineralization. The announcement emphasizes operational resilience, noting a brief equipment-related delay that was quickly resolved, with drilling expected to resume within the week. CEO Robin Dow frames each drill hole as a key contributor to future development decisions, while Director Garry Smith underscores the systematic and technical approach to evaluating the project area. The company positions its asset as the only known large-scale organic certifiable sedimentary phosphate project in North America, with a 6.6-kilometre bed and applications extending potential strike to over 30 kilometres. Technical information is stated as reviewed and approved by a Qualified Person under NI 43-101.

What the data suggests

The company has physically commenced drilling MM26-11, with collar coordinates provided (722732E, 4567216N), and the hole is located 1,033 feet from the previous successful intersection in MM26-10. The strike of phosphate mineralization now extends over 3 kilometres, with the potential for further expansion. The project is described as a laterally extensive, nearly flat-lying sedimentary horizon within the Meade Peak Member of the Phosphoria Formation. The only quantitative operational data are the step-out distance (1,033 feet/315 metres), the length of the phosphate bed (6.6 kilometres), and the stated potential strike extension (over 30 kilometres). No analytical results, grades, thicknesses, or resource estimates are disclosed, and no financial figures are provided. The announcement confirms operational continuity despite a brief equipment delay, but all value claims about the project's uniqueness and future development remain unsubstantiated by third-party data or assay results.

Analysis

The announcement provides a factual update on the commencement of drill hole MM26-11 and the successful intersection of the target zone in MM26-10, with specific collar coordinates and strike extension figures. However, much of the positive tone is forward-looking, emphasizing the potential for future development decisions and the unique scale of the project without supporting these claims with analytical results, resource estimates, or financial data. The statement that each drill hole contributes valuable information for future development is aspirational, as no assay or economic data is disclosed. The claim of being the only known large-scale organic certifiable sedimentary phosphate project in North America is unsubstantiated within the release. While the operational progress is real, the benefits to investors are long-term and contingent on future results. The capital intensity flag is not triggered, as only minor equipment repair is mentioned, not a major capital outlay.

Risk flags

• ●The absence of assay results or resource estimates means there is no current evidence of economic mineralization, making the project's value highly speculative at this stage.
• ●Claims of being the only known large-scale organic certifiable sedimentary phosphate project in North America are not supported by comparative or third-party data, introducing reputational and credibility risk if later contradicted.
• ●Operational delays, even if minor and quickly resolved as in this case, highlight the logistical and equipment risks inherent in remote exploration programs.

Bottom line

This update confirms that Nevada Organic Phosphate Inc. is actively drilling at Murdock Mountain, with the phosphate strike now extended by 1,033 feet and operational setbacks quickly addressed. The company continues to frame its project as unique and potentially large-scale, but provides no assay data, resource figures, or economic analysis to support these claims. All value for investors remains contingent on future analytical results, which are not yet available or scheduled for release. The most important takeaway is that the project is advancing in the field, but investment decisions must await concrete technical results. The next critical milestone will be the publication of analytical data from MM26-11 and subsequent holes.

Announcement summary

(CSE: NOP) (OTCQB: NOPFF) (FSE: Z58) Nevada Organic Phosphate Inc. announced the commencement of drill hole MM26-11 on Pad 13 at its Murdock Mountain Project in Nevada. The company previously reported that drill hole MM26-10 successfully intersected the target Upper Phosphate Zone, extending the strike of phosphate mineralization to over 3 kilometres. Drill hole MM26-11 is advancing the strike trend an additional 315 metres (1,033 feet) from MM26-10. Drilling operations for MM26-11 experienced a brief delay due to the need to replace a transfer case in the program's six-wheel-drive water tanker truck, with the replacement part sourced from Illinois and now delivered to the project. Drilling is expected to resume this week. The company commended the drill crew and field personnel for minimizing downtime and maintaining operational readiness during the equipment repair. Robin Dow, CEO, stated that with MM26-11 underway, the company is advancing its exploration objectives in a measured and systematic manner, with each drill hole contributing valuable information for future development decisions at the Murdock Mountain Project. The company's geological model interprets the Upper Phosphate Zone as a laterally extensive, nearly flat-lying sedimentary horizon within the Meade Peak Member of the Phosphoria Formation. Continued step-out drilling is designed to test strike continuity and refine true-thickness and grade controls across the broader Murdock Mountain trend. Garry Smith, P.Geo., Director, noted that the commencement of MM26-11 marks another step in the systematic evaluation of the project area, with geological logging, sampling, and analytical data from the hole to contribute to ongoing assessment. Drill hole MM26-10 was collared at 722867.805E and 4567500.233N (surveyed), and MM26-11 is collared at 722732E and 4567216N (handheld GPS), with coordinates in UTM NAD83. NOP holds an organic certifiable sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada, with additional applications extending the potential strike of rock phosphate to over 30 kilometres. The company believes this is the only known large-scale organic certifiable sedimentary phosphate project in North America. The project is situated close to the main highway to Montello/Elko, Nevada, and the rail head to California or the East Coast. The interpretive technical information in the release has been reviewed and approved by Garry K Smith, P.Geo., a Director and Qualified Person as defined in National Instrument 43-101.

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