The release states (added the p for clarity):

The last hol(p)e of this programme, Hole 4, is currently being drilled from the Hole 3 setup at 50 degrees to 90 degrees azimuth to further test the conductivity zones picked up in the downhole surveys of Holes 1 and 2. Further downhole geophysics will be carried out in Hole 3 to test deeper parts of the system.

This setup is headed between Holes 1, 2 (both pointing West), and 3 (which pointed East). The opportunity that is presented with this one hole is probably extremely small.

If hole 4 results are much of the same, the only way Smith rights this ship is by laying out his cards on the table and providing future outside investors with the technical data that he has at hand that might warrant their dishing out any cash that might permit him to go any further with this.

At this stage, cores 1 to 3 are saying that there is a good chance nothing will be found, and if he has geological information that reflects something different, it would appear that he will be forced to present that information to promote a JV or raising the cash that will be needed for any further drilling.

If the next press release doesn't clearly present the case of the technical data present to investors in plain english on why Fancamp would think that something is very close to the holes that they have drilled, consider the investment here to be dead money for a long time.

Here is hoping that Smith puts his Ph.D.,and P.Eng to work in overdrive for the next release.