Vancouver – October 19, 2026 -- Nevada Organic Phosphate Inc. (CSE: NOP) reported that drill hole MM26-11 intersected 28.7 metres (94.2 feet) of the target Meade Peak Member in northeast Nevada, extending the confirmed strike length of phosphate mineralization to more than 3.3 kilometres.
MM26-11 steps out 315 metres southwest of MM26-10
The hole lies roughly 315 metres (1,037 feet) further southwest along trend from MM26-10. That hole in turn sits 1.5 kilometres (4,921 feet) along strike from MM26-9. Core logging noted oolitic zones typical of the Upper Phosphate Zone. True thickness and phosphate content have not yet been established and await assay.
MM26-10 returned 10.89% P2O5 over 3.60 metres
The company previously reported that MM26-10 cut 27 metres (88.6 feet) of Meade Peak, including 10.89% P2O5 over 3.60 metres. CEO Robin Dow said the MM26-11 result de-risks the company's geological model. He cited the 3.3-kilometre confirmed strike length.
Thicker Murdock Mountain cover slows 2026 drilling and assay reporting
Director and Qualified Person Garry Smith, P.Geo., said investors had asked why 2026 assays are arriving more slowly than in the 2025 program. His main explanation is that the 2026 holes pass through thicker intervals of the Murdock Mountain Formation before reaching the Meade Peak.
Smith described the formation as a heterogeneous, silica-cemented, dolomitic mudstone with numerous thin chert horizons and nodules. Drillers often face blocked core barrels, reduced recovery, short runs, and excessive reaming and trip time. An experienced driller can still complete each hole under these conditions, he said, but it takes longer.
Project spans a 6.6-kilometre bed near highway and rail access
NOP holds a 6.6-kilometre-long organic certifiable sedimentary rock phosphate bed in northeast Nevada. Additional applications extend potential strike to more than 30 kilometres. The company believes it is the only known large-scale organic certifiable sedimentary phosphate project in North America. The site is close to the main highway to Montello/Elko, Nevada, and to a rail head serving California and the East Coast.