Ann: Downhole EM results at Red Cap, page-15

Shakin

1. Absolute conductivity values don't sway me one way or the other. There are so many variables that can affect those values. The shape of the plots is more pertinent. Peak values in Siemens seems to be a recent phenomena in reporting. If they replace that with plots, more meaningful things can be said.

2. They should have been aware of the graphite early when the geologist logged the hole.

3. Nothing out of the ordinary. It is what you might expect with DHEM. If the conductor that you intercepted extends away from the hole with substance, then you may see it pronounced some distance off when you survey it downhole. (excuse the lazy explanation). So IMO, it is probable that the conductive zone has some size. What is confusing is that it dips at a different angle than what the hole direction infers for the dip of the initial conductive target. If they thought they missed the conductor in the first place (which I don't think they did) then likely they would have told a story about it.

4. IMO the off-hole conductor is most likely more pyrrhotite / graphite. But I guess they will drill it to make sure. You might get lucky.