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Nevada Organic Phosphate Inc. ("NOP" or the "Company") (CSE: NOP) (OTCQB: NOPFF) (FSE: ZV8), a B.C. based leader in organic sedimentary phosphate exploration, is pleased to report that Hole MM26-12 intersected a strong 37.4 metres (94.2 feet) of the target Meade Peak Member. Oolitic zones typical of the Upper Phosphate Zone were noted during core logging. True thickness and the phosphate content of the Upper Phosphatic Zone will be confirmed by assay.
MM26-12 is approximately 200 metres (656 feet) further along trend to the southwest from MM26‑11, which brings the confirmed strike of the target zone to over 3.5 kilometres (2.2 miles).
Robin Dow, CEO, commented: "We are very excited to be able to increase our drilling production with MM26‑12, also intersecting the Meade Peak with visual indications of the Upper Phosphate Zone. This extends our confirmed strike length of phosphate mineralization to over 3.5 kilometres, marking continued and meaningful progress de‑risking our geological model."
Garry Smith, P.Geo., Director, added: "our drilling production has improved steadily and MM26-12 was completed without significant complications. This Meade Peak intersection in this hole was a strong 37.4 metres with lots of oolites. Although we must wait for assays, we are very excited by these observations in our western-most hole that we have drilled."
Drill Collars and Proposed Drill Pad Locations
DDH | UTME | UTMN | Elev m | TD m | Dip | Az | P2O5%/m |
MM25-1 | 724411.456 | 4568960.496 | 1947.741 | 82.60 | -90 | 0 | 10.23/5.12 |
MM25-2 | 724776.054 | 4569269.661 | 1897.114 | 125.73 | -90 | 0 | 10.70/4.79 |
MM25-3 | 724352.512 | 4568765.272 | 1988.846 | 71.32 | -90 | 0 | 11.12/4.70 |
MM25-4 | 724108.669 | 4568691.205 | 2013.431 | 99.67 | -90 | 0 | 10.64/3.71 |
MM25-5 | 724108.669 | 4568691.205 | 2013.431 | 92.96 | -65 | 120 | 11.01/3.96 |
MM25-6 | 723833.008 | 4568432.708 | 2020.394 | 78.30 | -90 | 0 | 11.89/4.58 |
MM26-7 | 724386.373 | 4569078.232 | 1963.230 | 152.00 | -90 | 0 | 11.82/6.00 |
MM26-8 | 724052.022 | 4568778.258 | 2038.504 | 128.00 | -90 | 0 | 4.60/5.00 |
MM26-9 | 723802.259 | 4568547.017 | 2025.827 | 146.93 | -90 | 0 | 10.73/4.50 |
MM26-10 | 722867.805 | 4567500.233 | 2184.325 | 215.00 | -90 | 0 | 10.89/3.60 |
MM26-11 | 722733 | 4567220 | 2209 | 156.67 | -90 | 0 | |
MM26-12 | 722622 | 4567060 | 2208 | 139.45 | -90 | 0 | |
P15 | 721836 | 4566386 | 2284 | ||||
P27 | 720589 | 4565788 | 2292 |
(all values are UTM NAD83, and in metres, "decimals" denote surveyed)
Qualified Person
The interpretive technical information in this news release has been reviewed and approved by Garry K Smith, P.Geo., a Director and Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects.
Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) (FSE: ZV8)
NOP is a junior exploration company with an organic certifiable sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast 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 certifiable sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and the rail head to California or the East Coast.
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements and information ("FLSI") within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company's public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement
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SOURCE Nevada Organic Phosphate Inc.
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