Skip to content
Basin Gulch Drilling

Exploration targets

Basin Gulch exploration targets: where the next holes go

Basin Gulch has multiple high-priority targets, and about two-thirds of the property is still unexplored. This page sets out where Lannister Mining says the exploration upside lies.

Last updated:

Where is the exploration upside at Basin Gulch?

The exploration upside at Basin Gulch lies in four directions, according to Lannister Mining: mineralization that is open at depth, open along strike, multiple high-priority targets near the historic resource, and roughly two-thirds of the 1,107-hectare property that has not been explored and is untested regionally.

Four kinds of target at Basin Gulch

How targets fit the resource plan

Plan

Resource first, then new targets

Lannister Mining says historical drilling and new work programs will feed a future maiden mineral resource estimate, and that future drilling will concentrate on additional mineralized target areas within the property. The property, in its words, has potential to host a significant maiden resource after expansion and confirmation drilling of historical intercepts.

That sequence keeps the near-term focus on proving up the known zone while preserving the larger untested ground for later discovery work.

Access

Why the targets are practical to test

The property has year-round access from Philipsburg, Montana, on paved and well-maintained gravel roads, and is about one hour from Butte. Year-round access means drill programs are not limited to a short summer season.

The claim structure helps too: a core of 11 patented claims surrounded by 53 unpatented claims, consolidated in one package.

Back to the Basin Gulch drilling overview

Common questions

Short answers here. More than 40 questions are answered on the Basin Gulch FAQ.

What exploration targets exist at Basin Gulch?
Lannister Mining reports multiple high-priority targets near the historic resource area. The mineralization is open at depth and along strike, and the property is untested regionally. The company says future drilling will concentrate on additional mineralized target areas within the property, beyond the zones already covered by historical holes.
How much of the Basin Gulch Property is unexplored?
About two-thirds of the Basin Gulch Property is still unexplored, according to Lannister Mining. The company calls this exploration upside, because the more than 320 historical drill holes are concentrated in part of the land package. The unexplored ground sits within the same 1,107-hectare package of patented and unpatented claims.
What does open at depth and along strike mean?
Open at depth means drilling has not yet found the bottom of the mineralization. Open along strike means its lateral edges have not been closed off either. Lannister Mining describes Basin Gulch as open at depth, along strike and in multiple directions, which signals that the mineralized zone could extend beyond current drilling.
What is a maiden mineral resource estimate?
A maiden mineral resource estimate is the first formal estimate of the tonnes and grade in a deposit, prepared by a qualified person under a reporting standard such as NI 43-101 in Canada or S-K 1300 in the United States. Lannister Mining plans a maiden estimate for Basin Gulch using historical and new data.
How does exploration for gold work?
Exploration for gold usually moves from mapping and surface sampling to trenching, then drilling, then confirmation and step-out drilling, and finally a resource estimate. Basin Gulch has historical drilling and trenching in place, so Lannister Mining is focused on confirmation drilling, expansion drilling and a maiden resource estimate.
How do you get to the Basin Gulch Property?
Basin Gulch has year-round access from Philipsburg, Montana, on paved and well-maintained gravel roads, according to Lannister Mining. The property is about one hour from Butte. Year-round road access lets exploration work run across seasons rather than only in a short summer window.

Talk to Lannister Mining about Basin Gulch

Investors and exploration partners can reach investor relations directly for presentations, technical questions and site discussions.

Ken Cotiamco, investor relations: 604-687-7130 or IR@lannistermining.com

Contact investor relations

Published by Lannister Mining