“…We observe that these observations of two strong positive anomalies correlate with the presence of previously collected sulfide material at the same location (Pedersen, Rapp , et al, ) and suggest that these sulfide deposits are creating a magnetic signal. This type of magnetic signature was observed in several locations around the world and is explained by the contrast between nonmagnetic sediments and the massive sulfide deposit usually containing highly magnetized magnetite, pyrrhotite (Gee et al, ; Körner, ; Pedersen, Rapp , et al, ; Tivey , ). The interpretation for the smaller anomaly is confirmed by video material and sampling of hydrothermal material composed of pyrite and heterogeneous fine‐grained chimney material (Pedersen, Rapp , et al, ) and corresponds to the Mohn's Treasure extinct hydrothermal field (MT‐1 in Figure ), as no water column indications of venting are registered at the site.…”