broke through resistance...with aid of buy rec

Good volume today whether it was because of the roadshow or the by recommendation from Intersuisse I don't know. This looks much stronger and seems to have broken through the resistance at 34cents....not too much left on the way to 40cents and beyond...

Did anyone here do any buying todays?



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From Intersuisse today:

Silver Lake Resources Ltd SLR Wednesday, 7 May 2008

Production at recently acquired gold assets

Recommendation Speculative Buy

Overview
SLR has recently poured its first gold from the Daisy Milano mine at the Mount
Monger project that is located 50 km south east of Kalgoorlie. The gold pour
represents a return to production at the mine which had previously been
operated for 18 consecutive years by private and public consortiums. SLR
acquired the project from Perilya Limited (PEM) in 2007 after that company
decided to divest its gold assets in order to concentrate on its base metal
interests. To facilitate the divestment operations at Daisy Milano were placed on
care and maintenance in March 2007. SLR’s acquisition of the project was one
of a number of projects it acquired following an IPO in November 2007 which
raised A$30 million.
SLR expects to produce around 15,000 ounces of gold from Daisy Milano by 30
June 2008 and have ramped up to a production rate of between 35,000 and
40,000 ounces of gold per year by that time. Cash costs are forecast at A$500
per ounce. Current resources at Daisy Milano total 251,000 tonnes averaging
30.8 g/t gold and containing 249,000 ounces of gold.
In late 2007 SLR acquired the Lakewood treatment plant that is located 5 km
south east of Kalgoorlie and 45 km from the Daisy Milano mine. Following
modifications the plant was recommissioned in April 2008. In previous years ore
from Daisy Milano had been toll treated at Coolgardie.
The plant has a throughput capacity of 300,000 tonnes per year. SLR has
commenced an aggressive A$9.2 million exploration program at the Mount
Monger project over the next three years. The company will be targeting high
grade, quartz reef hosted mineralisation where ore grades of over 10 g/t can be
expected. The project area represents a contiguous lease package covering a
strike length of approximately 10 km of prospective greenstone stratigraphy.
Other historic workings within the project include Caledonian, Rosemary and
Haoma. Current total resources for the Mount Monger project are 456,000
tonnes averaging 18.7 g/t gold and containing 274.4 ounces of gold.
In the Murchison region of Western Australia the company holds the
Tuckabianna, Comet, Moyagee and Rothsay projects. Currently Tuckabianna
has a resource of 2.25 million tonnes averaging 3.3 g/t and containing 238,000
ounces of gold; Comet has a resource of 1.82 million tonnes averaging 4.0 g/t
gold and containing 231,600 ounces of gold; Moyagee has a resource of
820,000 tonnes averaging 8.5 g/t gold and containing 224,000 ounces of gold
and Rothsay has a resource of 219,000 tonnes averaging 7.0 g/t gold and
containing 133,000 ounces of gold. A pre-feasibility study on a mining centre
based on Tuckabianna, Comet and Moyagee has commenced and is expected
to be completed in the December 2008 quarter. Completion of SLR’s most
recent acquisition, Comet, is due to be completed on 1 July 2008.
In addition the company holds the Copper Lakes exploration project that is
located 520 km south east of Port Hedland. The project covers 520 sq km and
surface rock chip sampling has returned 26.5% copper and 5.2 g/t gold at the
Leons Find prospect.
Impact
The acquisition of the Comet project has taken the company’s total resources to
1.1 million ounces. Production has commenced at Mount Monger as well as an
aggressive exploration program. Project consolidation and focused management
could lead to a second mining centre in the Murchison region.