This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising.
Nevada Organic Phosphate (CSE: NOP; OTCQB: NOPFF; FSE: Z58), a phosphate exploration company focused on the Murdock Mountain project in northeastern Nevada, is the subject of a company-sponsored initiation report released by Emerging Growth Research (“EGR”). The report reviews the project’s exploration results, proposed physical-processing route, market and delivered-cost considerations, financial position and development milestones. EGR highlights the company’s stated exploration target of 200 million to 220 million tonnes of phosphate-bearing rock and September drilling results that reported grades above 10% P2O5 in the Upper Phosphatic Zone in nine of 10 drill holes, while noting that the exploration targets are conceptual and no mineral resource estimate or preliminary economic assessment has been published.
EGR estimates Nevada Organic Phosphate held approximately C$4.5 million in cash as of Sept. 18, representing roughly 12 months of runway at its assumed spending rate. The report identifies additional drill results and geological interpretation as near-term catalysts, followed by potential progress on additional applications, product testing and a possible resource program. EGR disclosed that it received US$25,000 from Nevada Organic Phosphate for the research package that includes the report.
To view the full press release, visit https://ibn.fm/yPP9O
Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) (FSE: Z58)
NOP is a junior exploration company with an organic 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 sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California.
NOTE TO INVESTORS: The latest news and updates relating to NOP are available in the company’s newsroom at https://ibn.fm/NOP
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
[email protected]
InvestorWire is powered by IBN