Regency Mines (AIM) released an announcement to the Market on the 27th March, giving results of exploration work carried out on part of their Munglinup tenements. It seems, Regency has discovered an area of real interest which so happens to overlap into Silver Lakes ground. I e-mailed Chris Banasik to see if SLR were aware of Regency's work, which he replied that this was indeed the case. He went on to say that he believes the area has a lot of potential, hence the large lease holding, and that they've been doing work similar to that undertaken by Regency on identifying the true potential. By all accounts, SLR is looking at all forms of mineralisation, as well as graphite.
