As much as we would like to have the remains of actual dinosaur tissue, there are sound reasons for being skeptical of the identifications made in the reading.
First, the soft, flexible substance inside the bone channels isn t necessarily the remains of blood vessels. It is much more likely to be something else. Like what? You might say. Well, long after an organism is died, bacteria sometimes colonize hollows, empty areas in bones, like the channels that once held blood vessels. When bacteria lived inside bones, they often leave behind traces of organic material. What the researchers in the reading are identifying as blood vessels might just be traces of soft and moist residue left by bacteria colonies.
All right. What about the iron-filled spheres? Well, the problem is that scientists found identical reddish spheres in fossils of other animals found in the same place. That includes fossils of primitive animals that did not have any red blood cells when they were alive. Clearly, if these spheres appear in organisms that did not have any red blood cells, then the spheres cannot be the remains of red blood cells. The spheres probably have a very different origin. They are probably just pieces of reddish mineral.