Ann: Red Bore Exploration Update , page-9

Yes, I was disappointed with the results, mainly after reading the report that they did not find the source of the strong IP anomaly. (positive or negative)

Dabru posted they went down about 250m, if thats true it begs the question why they did not keep going in at least two holes when the visuals did not establish it was the wrong rock types. OK they can now do down hole EM, but with costs associated with start up and shifting rigs I would have bit the bullet and had a good look. Also if the goodies are about 500m deep a down hole EM in a deep hole will tell a lot more than a shallow one.

I wish they would stop trying to save money and take a punt every now and again, perhaps we need a consulting Geo who is as arms length to give some extra advice.