I really think this says it allSee highlighted portion below:
Caribou King finishes 1,210 m drill program at Mulloy
2014-07-08 14:43 ET - News Release
Mr. Michael England reports
CARIBOU COMPLETES DRILLING AT MULLOY
Caribou King Resources Ltd. has completed a total of 1,210 metres of core drilling at its Mulloy graphite project in Northern Ontario.
The drilling program was designed to test several new electromagnetic (EM) conductor targets identified through geophysics conducted in late 2013, as well as to confirm historic drilling by Shell Canada Resources Ltd. that encountered 90 per cent visual graphite over 38.46 metres on its Mulloy graphite project (see news release dated Aug. 15, 2013). Of the four anomalous conductors identified in the 2013 electromagnetic survey, three conductors, A, B and C, were tested. Several kilometres of EM conductors remain to be tested.
There are still several conductive anomalies identified in the original reconnaissance data to the southwest of the present area of focus that remain to be further delineated and will be the focus of future ground-based surveys. Maps of the 2014 drilling program as well as EM conductors from the December, 2013, survey in plan view with magnetics can be seen on the company's website.
The technical contents of this release were approved by Randall Salo, PGeo, who is a qualified person as defined by National Instrument 43-101.
© 2014 Canjex Publishing Ltd. All rights reserved.
That just tells me that their future work will be on other anomalies... If they had something at the currently drilled ones, why wouldn't future work be focused on those for follow-up drilling? I think that news was their sneaky way of saying they did not find anything without actually coming out and saying it.