05:12:21 EDT Sun 19 May 2024
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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 35,960,040
Close 2023-05-15 C$ 0.05
Market Cap C$ 1,798,002
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Nevada Organic appoints Montecinos as project manager

2023-05-15 23:24 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE APPOINTS PROJECT MANAGER

Nevada Organic Phosphate Inc., formerly named Silver Eagle Mines Inc., has appointed Marco Montecinos as project manager to lead Nevada Organic's development program at its Murdock Mountain property.

Mr. Montecinos has over 38 years of experience in mineral exploration and business development projects in the Americas, and possesses considerable expertise and knowledge of the phosphate-rich bed where Nevada Organic is engaged.

Mr. Montecinos is currently president of Tigren Inc., a Nevada-based exploration service company, which has provided technical services to the mining industry for 28 years.

"Mr. Montecinos originally identified the Murdock Mountain phosphate project that now is the central focus of NOP's exploration," stated Robin Dow, chief executive officer of Nevada Organic. "He is liaising closely with the Bureau of Land Management as NOP progresses through the approval process to receive an exploration permit. This process has required extensive biological and cultural studies, conducted by Westland Engineering and Environmental Services (formerly EM Strategies) of Reno, Nev. It is expected that the final studies will be completed once the snow cover melts. The winter snowpack was extremely heavy in the area last winter.

"We are very excited to take these important next steps with Marco fully engaged," added Mr. Dow.

"I am pleased to have the opportunity to oversee the development efforts at this highly prospective property," stated Mr. Montecinos. "It is clear that phosphate demand is buoyant, in part because phosphate is an imperative ingredient in the organic food chain. Phosphate supply is subject to an array of geopolitical risks that enhance the attractiveness of a reliable domestic source of phosphate supply.

"This property, which is near surface and is believed to be very low in contaminants, is potentially positioned to provide a low-cost source of supply in a market in need of production," added Mr. Montecinos. "I look forward to our efforts to explore and develop a production plan that meets the opportunity in front of us."

The Murdock Mountain phosphoric bed lies six miles from the village of Montello, in northeastern Nevada, at an elevation of approximately 7,000 feet.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with an organic sedimentary raw rock phosphate bed, 8.25 kilometres long, in northeast Nevada. This is believed to be the only known 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.

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