07:57:00 EDT Sun 19 May 2024
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or Name
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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 39,837,705
Close 2024-01-03 C$ 0.03
Market Cap C$ 1,195,131
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Nevada Organic adds 6,011 acres to Murdock property

2024-01-04 11:44 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE ADDS SIGNIFICANTLY TO MURDOCK PROPERTY SIZE

The U.S. Department of the Interior, Bureau of Land Management (BLM), has accepted three new applications for phosphate prospecting permits filed by Nevada Phosphate Exploration NV Inc., a wholly owned subsidiary of Nevada Organic Phosphate Inc.

These three new applications add an additional 6,011 acres of potential phosphate resource to Nevada Organic Phosphate's existing application covering 1,813 acres.

The Murdock property is a nearly flat-lying sedimentary rock phosphate exploration target. The initial 1,813-acre application target is believed to host a potential 10 million to 46 million tonnes ranging in grade from 3 per cent to 15 per cent P2O5 (phosphorus pentoxide) based on an average thickness of 3.5 metres and a specific gravity of 2.6. These ranges are based on estimates by previous workers and researchers and have not been verified by Nevada Organic Phosphate according to current National Instrument 43-101 standards of disclosure.

Based on this geological model and historic ranges, the three additional applications, totalling 6,011 acres, add up to an additional 218 million tonnes of P2O5 exploration potential to the Murdock property.

The reader is cautioned that the potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Murdock property applications are subject to continuing environmental impact assessments (EIAs) conducted by the BLM and potential mitigation strategies guided by the National Environmental Policy Act (NEPA).

The technical information in this news release has been reviewed and approved by Garry K. Smith, PGeo, a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects."

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate is a junior exploration company with a sedimentary rock phosphate property (the Murdock property) hosting a nearly flat-lying sedimentary bed of known phosphate mineralization in northeast Nevada.

The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.

The issuer aims to be one of the only certified organic rock phosphate producers with large-scale potential in North America. The Murdock property is situated adjacent to a main highway and the railhead to California.

We seek Safe Harbor.

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