HC, From my conversation with Mr Dudley, it was one of the other...

HC,
From my conversation with Mr Dudley, it was one of the other conductors, ie minor ones hit in the first hole that had the pyrrhotite/iron sulphides.
Yesterday's announcement may not have been the clearest worded one, but does say....

"The Red Cap conductor is located 6km along strike to the northeast of the Nova - Bollinger nickel deposit and coincides with elevated Ni defined by surface and aircore sampling (Figure 2). The target is considered prospective for massive nickel sulphide mineralisation and options are being considered to either re-enter BSHD001 or drill a new hole to intersect the target."

plus most importantly...

"Modelling of the new downhole data places the conductor below and to the southeast of the drill-hole, with a shallow to moderate nothwesterly dip"

so the new data clearly or maybe not so clearly states we missed.
whereas this bit in the headlines.....
"A strong off-hole response from the Red Cap EM Conductor has been detected, the data has been modelled to refine the position of the target for further testing"

makes it sound like it is a different conductor.

I believe that yesterday's announcement does state that the original statement of duster was incorrect but in a round about way.

The DHEM conductor certainly lines up with the FTLEM one from 2014, the difference being the NW dip.