Questions and answers
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These are plain answers to 44 common questions about Basin Gulch, Lannister Mining and gold exploration.
Answers use Lannister Mining's reported project facts. Where a question is about exploration in general, the answer says so.
Most people ask how many drill holes Basin Gulch has: more than 320 historical holes, according to Lannister Mining. The next most common questions cover the best intercepts, the 11 patented and 53 unpatented claims, access from Philipsburg and how to get the investor briefing.
Basin Gulch is a gold and silver exploration property in west-central Montana explored by Lannister Mining. It sits primarily on patented land, its mineralization is hosted in oxides near surface, and more than 320 historical drill holes have been completed there. The land package covers 11 patented and 53 unpatented mining claims totaling 1,107 hectares.
Basin Gulch is in west-central Montana, in the historic Philipsburg Mining District. It has year-round access from Philipsburg on paved and well-maintained gravel roads and is about one hour from Butte. The Philipsburg district led the original United States silver boom in the late 1800s, so the property sits in ground with a long mining history.
Lannister Mining is the mineral exploration company focused on the Basin Gulch gold and silver property. This website is published by Lannister Mining to present the project facts, maps and historical drilling information in one place. For corporate news and filings, the company's main website at lannistermining.com is the place to start.
Basin Gulch hosts gold and silver mineralization. Historical drill highlights are reported in grams per tonne of gold (Au), and trench highlights report both gold and silver (Ag). Lannister Mining describes the mineralization as high grade, near surface and hosted in oxides, and notes it is open in multiple directions and at depth.
Oxide-hosted gold sits in rock that has been weathered and oxidized, usually close to the surface. Across the industry, oxide material is often considered simpler to process than deeper sulfide material, but that must be confirmed by metallurgical testing for each deposit. Lannister Mining reports that the Basin Gulch mineralization is hosted in oxides.
No. Basin Gulch is an exploration property, not an operating mine. Lannister Mining states that the property has not been mined out, and that historical drilling combined with new work programs will be used in a future maiden mineral resource estimate. This site does not present any current mineral resource for the property.
More than 320 historical drill holes have been completed at Basin Gulch. Lannister Mining describes this as significant historical work and plans to use it, together with new work programs, in a future maiden mineral resource estimate. Planned confirmation drilling is intended to test historical intercepts before they support any resource.
Lannister Mining reports these highlight intercepts: 1.8 g/t Au over 162 meters from surface, 0.66 g/t Au over 326 meters from surface, 3.2 g/t Au over 72 meters from surface, 156 g/t Au over 3 meters, and 25 g/t Au over 14 meters. The drill results page ranks them by grade times length.
The longest reported highlight is 0.66 g/t Au over 326 meters, or 1,069.6 feet, starting from surface. The next longest is 1.8 g/t Au over 162 meters (531.5 feet), also from surface. Long intervals that start at ground level are why Lannister Mining describes the mineralization as near surface.
Lannister Mining reports four trench highlights: 62 g/t Au and 32 g/t Ag over 159 meters, 4 g/t Au and 23 g/t Ag over 146 meters, 5 g/t Au and 54 g/t Ag over 34 meters, and 25 g/t Au and 45 g/t Ag over 61 meters. Trenches sample rock exposed at surface, unlike drill holes.
g/t Au means grams of gold per tonne of rock. One gram per tonne equals one part per million. A result such as 1.8 g/t Au over 162 meters means the sampled interval averaged 1.8 grams of gold per tonne across 162 meters of hole. Ag is the chemical symbol for silver.
They are historical results as reported by Lannister Mining, not a current mineral resource. The company plans expansion and confirmation drilling of historical intercepts as part of its work toward a maiden mineral resource estimate. Investors should review the company's technical disclosures and investor presentation for full context.
From surface means the mineralized interval starts at the top of the hole, at ground level, with no barren rock above it. Three of the five Basin Gulch drill highlights reported by Lannister Mining start from surface, including the 326 meter and 162 meter intervals. Near-surface mineralization can matter for future mine design studies.
The Basin Gulch land package includes 11 patented claims and 53 unpatented claims covering 1,107 hectares, which is about 2,735 acres. The property is underlain by a core of patented mining claims surrounded by unpatented mining claims, with multiple high priority targets near the historic resource area.
A patented mining claim is one where the federal government has passed title to the claimant, making it private land. In general, the owner holds both surface and mineral rights and does not pay federal annual claim maintenance fees. Basin Gulch has 11 patented claims forming the core of the property.
An unpatented mining claim gives the right to explore for and develop locatable minerals on federal land, while the government keeps title to the land. Claims are generally recorded with the Bureau of Land Management and kept active through annual maintenance fees. Basin Gulch has 53 unpatented claims around its patented core.
Basin Gulch has year-round access from Philipsburg, Montana, on paved and well-maintained gravel roads. Lannister Mining notes the property is only about one hour from Butte. Year-round road access matters for exploration because drill crews and equipment can reach the site without waiting for seasonal openings.
Basin Gulch is about one hour from Butte, Montana, according to Lannister Mining. The nearest town for access is Philipsburg, which connects to the property on paved and well-maintained gravel roads. Butte is a long-established mining city in southwest Montana.
Montana is known as the Treasure State because of its wealth of mineral resources and a history built on mining. The first gold discovery in the Montana territory occurred in 1852 at Gold Creek, near present-day Garrison. Silver, copper, nickel and platinum have since been discovered and mined in the state.
The Philipsburg Mining District in west-central Montana led the original United States silver boom in the late 1800s. Basin Gulch sits in the heart of this historic district, which Lannister Mining describes as a safe jurisdiction for exploration.
Lannister Mining reports that two-thirds of the Basin Gulch property is still unexplored. The company describes this as phenomenal exploration upside across the 1,107 hectare land package, which also has multiple high priority targets near the historic resource. Future drilling will focus on additional mineralized target areas within the property.
Yes. Lannister Mining reports that the gold-silver mineralization at Basin Gulch is open at depth, open along strike and untested regionally. In exploration terms, open means drilling has not yet found the edge of the mineralization in those directions, so further drilling could extend it.
A maiden mineral resource estimate is the first formal estimate of the tonnage and grade of mineralization on a property, prepared under a disclosure standard such as NI 43-101 or S-K 1300. Lannister Mining states that Basin Gulch has potential to host a significant maiden resource after expansion and confirmation drilling.
NI 43-101 is the Canadian standard for disclosing scientific and technical information about mineral projects. S-K 1300 is the United States SEC rule for mining property disclosure. Both require reports prepared by a qualified person. Lannister Mining refers to both standards when describing the value of compliant ounces in the USA.
Lannister Mining states there is a clear premium in the market for S-K 1300 and NI 43-101 compliant gold and silver ounces in the USA, and that US-based companies with compliant resources trade at a significant premium to their peers. That is the company's view of why a maiden resource at Basin Gulch matters.
Lannister Mining plans expansion and confirmation drilling of historical intercepts, and future drilling will concentrate on additional mineralized target areas within the property. The company also points to multiple high priority targets near the historic resource area. Results from that work are meant to support a future maiden mineral resource estimate.
Lannister Mining is a mineral exploration company focused on exploring the Basin Gulch gold and silver property in west-central Montana. Its work centers on the property's near-surface gold-silver mineralization, its more than 320 historical drill holes and its package of patented and unpatented claims.
Jim Greig is CEO and a Director of Lannister Mining. He brings more than 25 years of experience advancing and developing projects toward production. He was a founder, President and Director at Thesis Gold (formerly Benchmark Metals), advancing a 5 million ounce gold-silver project in British Columbia, Canada.
Kelvin Lee is CFO of Lannister Mining. He has over 15 years of financial management experience with publicly traded companies, including senior finance roles up to Chief Financial Officer at a TSX-V listed gold producer. He holds CPA and CGA designations.
The Lannister Mining board includes Jim Greig, Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall. Mario Vetro is a co-founder of K92 Mining Inc. Jo Anne Price and Will Randall are geologists, each with about two decades of experience. Victor Cantore and Max Zaretsky bring capital markets and financing experience.
Lannister Mining says its team includes many of the same co-founders or senior executives as K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold. CEO Jim Greig helped advance a 5 million ounce gold-silver project in British Columbia, and advisor John Lewins is CEO of K92 Mining, a high grade gold producer.
John Lewins serves on the Lannister Mining advisory board. He is a Mineral Engineer with over 35 years of mining industry experience across Africa, Australia, Asia, North America and the former Soviet Union, and he is Chief Executive Officer of K92 Mining Inc., a high grade gold producer in Papua New Guinea.
This site is written for investors and exploration partners who want the Basin Gulch project facts in one place. It is published by Lannister Mining and covers the historical drill holes, land package, access, exploration upside and team. After reading, the next step is the company's investor briefing.
Lannister Mining publishes its investor presentation on its Invest page at lannistermining.com/invest. The current USA version is dated June 2026 and covers the Basin Gulch project in more depth than this site. The same page lists the company's investor relations details.
Basin Gulch combines a large historical data set of more than 320 drill holes with ground that is two-thirds unexplored. It has a patented core, year-round road access from Philipsburg and mineralization reported as open at depth and along strike. Those facts give a partner both existing data and untested targets.
A grassroots project usually has little or no drilling, so explorers start from mapping and surface samples. Basin Gulch already has more than 320 historical drill holes and trench results, which Lannister Mining calls significant historical work. The next step there is confirming and expanding known intercepts rather than first discovery.
The Lannister Mining main website is lannistermining.com. It holds the company's Invest page with the investor presentation, the full team page and the property overview. This Basin Gulch site is one of a small number of websites the company publishes, and it focuses only on the project facts.
No. This site presents Basin Gulch project facts as reported by Lannister Mining for general information. It is not investment advice, and mineral exploration carries risk. Readers should review the company's own disclosures and investor presentation and consider independent professional advice before making decisions.
A gold exploration company searches for and evaluates gold deposits before any mine is built. It acquires mineral rights, samples and drills, and works toward formal resource estimates. Lannister Mining is an example: a gold and silver exploration company focused on the Basin Gulch property in Montana.
Exploration for gold generally moves from mapping and surface sampling to trenching and drilling, then to a formal resource estimate and economic studies. Each stage narrows where the gold is and how much there may be. Basin Gulch has historical drilling and trenching, so its next stage is confirmation and expansion drilling.
Mineral exploration drilling recovers rock samples from below the surface so they can be assayed for metal content. Common methods include diamond core drilling and reverse circulation drilling. Results are reported as grade over a length of hole, such as grams per tonne over meters. Basin Gulch has more than 320 historical drill holes.
Yes. Many mineral exploration companies explore in the United States, especially across western states like Montana and Nevada. For example, a planned six-hole, approximately 3,050 foot (930 metre) program at the Rowland Tungsten Property in Elko County, Nevada, was announced in October 2026, per Yahoo Finance. Lannister Mining explores Basin Gulch in Montana.
Trenching is digging a long, shallow excavation across the ground to expose bedrock so it can be mapped and sampled continuously. It is a relatively low cost way to test near-surface mineralization. Lannister Mining reports four Basin Gulch trench highlights, including 62 g/t Au and 32 g/t Ag over 159 meters.
Moving from exploration to an operating mine usually takes many years, because a project must pass through resource estimation, technical and economic studies, permitting and financing. Timelines vary widely by project and jurisdiction. Basin Gulch is at the exploration stage, working toward a maiden mineral resource estimate.
Lannister Mining's June 2026 investor presentation goes deeper into the project than this site. It is published on the company's Invest page for investors and exploration partners.
