Ann: VTEM Drilling Complete. Rig Moves to Calvert South Prospect, page-3

Only reporting minor sulfides from the RC drill holes completed so far. I wouldn't be expecting any mind blowing results from the assays yet. Looks like the VTEM anomalies are just showing flat lying minor sulfides at the unconformity, so if that's the case they will need to refine their VTEM processing to screen out these thin subhorizontal unconformity layers otherwise they will spend the next 5 years testing every VTEM target and getting trivial sulfides at the unconformity, waste of drilling metres. They need to tune their VTEM data processing to find responses with some vertical continuity/component in them.