FAQ
Basin Gulch FAQ
45 questions investors and partners ask about Basin Gulch drilling, the property and Lannister Mining, each answered in a few sentences.
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What is the most important thing to know about Basin Gulch?
Basin Gulch is a Montana gold and silver oxide property with more than 320 historical drill holes and no resource estimate yet. Lannister Mining plans confirmation and expansion drilling, then a maiden mineral resource estimate, with about two-thirds of the 1,107-hectare property still unexplored.
What the Basin Gulch Property is
- What is the Basin Gulch Property?
- The Basin Gulch Property is a gold and silver exploration project in west-central Montana explored by Lannister Mining. It covers 1,107 hectares made up of 11 patented and 53 unpatented mining claims, hosts near-surface oxide mineralization, and has more than 320 historical drill holes that the company plans to use toward a future maiden mineral resource estimate.
- Who is exploring Basin Gulch?
- Lannister Mining is the company exploring the Basin Gulch Property. It describes itself as a Montana-based gold and silver developer focused on advancing Basin Gulch, with its corporate office in Vancouver, British Columbia. Lannister Mining also publishes this site, which gathers the property drill data, trench results, targets, maps and downloads in one place.
- What kind of mineralization is at Basin Gulch?
- Basin Gulch hosts near-surface gold and silver mineralization in oxides. Lannister Mining reports the gold-silver mineralization is open in multiple directions and at depth. The company describes the near-surface, high-grade setting as giving significant implied flexibility for future mine design optimization, which is its own assessment rather than an engineering study.
- Is Basin Gulch a producing mine?
- No. Basin Gulch is an exploration-stage property, not a producing mine. Lannister Mining says the asset has seen significant historical work but has not been mined out. The next stated milestone is a maiden mineral resource estimate that combines historical drilling with new work programs, followed by drilling on additional target areas.
- Is Basin Gulch Lannister the same place as Basin Gulch in the Shasta-Trinity National Forest?
- No. Searches for Basin Gulch sometimes surface U.S. Forest Service pages about the Shasta-Trinity National Forest, which is in northern California. The Lannister Mining project is the Basin Gulch Property in the Philipsburg Mining District of west-central Montana, about one hour from Butte. Everything on this site refers to the Montana property.
Historical drilling and drill data
- How many holes have been drilled at Basin Gulch?
- More than 320 historical drill holes have been completed at Basin Gulch, according to Lannister Mining. That body of historical work is the foundation the company plans to build on, together with new work programs, for a future maiden mineral resource estimate. Expansion and confirmation drilling of historical intercepts is part of that plan.
- What is the longest drill intercept reported at Basin Gulch?
- The longest highlight intercept Lannister Mining reports is 0.66 g/t gold over 326 meters, or 1,069.6 feet, starting from surface. A second long interval is 1.8 g/t gold over 162 meters, or 531.5 feet, also from surface. Both are historical results listed on the company property page.
- What is the highest-grade drill result at Basin Gulch?
- The highest-grade highlight Lannister Mining lists is 156 g/t gold over 3 meters, or 9.8 feet. Another high-grade interval is 25 g/t gold over 14 meters, or 45.9 feet. The company property page does not state the starting depth for these two intervals, so this site does not show one.
- Do the Basin Gulch drill intercepts start at surface?
- Three of the five highlight drill intercepts start at surface: 1.8 g/t gold over 162 meters, 0.66 g/t gold over 326 meters and 3.2 g/t gold over 72 meters. Mineralization that begins at surface matters to investors because near-surface oxide material is generally simpler to reach than deep ore.
- Are the historical Basin Gulch drill results part of a compliant resource?
- Not yet. Lannister Mining says historical drilling and new work programs will be used in a future maiden mineral resource estimate, after expansion and confirmation drilling of historical intercepts. Until that work is done, treat historical intercepts as indicators of potential and check the company technical disclosures for the current status.
- What does g/t Au mean in drill results?
- g/t Au means grams of gold per tonne of rock. One gram per tonne equals one part per million, and a troy ounce is about 31.1 grams. Drill results pair a grade with an interval length, so 1.8 g/t gold over 162 meters describes both how rich and how long the mineralized section was.
- What is confirmation drilling?
- Confirmation drilling means drilling new holes near historical holes to check that the earlier grades and widths can be reproduced with modern methods. It is a standard step before historical data can support a current resource estimate. Lannister Mining lists expansion and confirmation drilling of historical intercepts as part of its Basin Gulch plan.
- Where can I download Basin Gulch drill data?
- The most complete public source is the Lannister Mining June 2026 USA investor presentation, linked on the technical downloads page, alongside property maps from the company website. A full historical drill database is not posted publicly. Technical investors and partners can request more detail through the Lannister Mining contact page.
Trench results and exploration targets
- What trench results has Basin Gulch returned?
- Lannister Mining lists four trench highlights at Basin Gulch: 62 g/t gold and 32 g/t silver over 159 meters, 4 g/t gold and 23 g/t silver over 146 meters, 5 g/t gold and 54 g/t silver over 34 meters, and 25 g/t gold and 45 g/t silver over 61 meters, all as stated on its property page.
- What is the difference between trench results and drill results?
- Trench results come from samples cut along an excavated trench at or near surface, so they show how mineralization behaves horizontally. Drill results come from core or chips recovered from a hole, so they show how it behaves at depth. Used together, they help geologists trace mineralized zones in three dimensions.
- 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.
Land package, location and access
- How big is the Basin Gulch Property?
- The Basin Gulch Property covers 1,107 hectares, which is roughly 2,735 acres. Lannister Mining describes it as a large, consolidated land package of 11 patented claims and 53 unpatented claims, with a core of patented mining claims surrounded by unpatented mining claims and multiple high-priority targets near the historic resource.
- What is the difference between patented and unpatented mining claims?
- A patented mining claim is held as private land, with title to both the surface and the minerals. An unpatented claim gives the right to explore and develop minerals on federal land while the government keeps title. Basin Gulch is primarily on patented land, with 11 patented and 53 unpatented claims.
- 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.
- Why is Montana called the Treasure State?
- Montana is called the Treasure State because of its wealth of mineral reserves and a history built on mining. The first gold discovery in the Montana territory came in 1852 at Gold Creek, near present-day Garrison. Silver, copper, nickel and platinum have since been discovered and mined in the state.
- What is the Philipsburg Mining District known for?
- The Philipsburg Mining District in west-central Montana led the original United States silver boom in the late 1800s. Lannister Mining describes the district as a safe jurisdiction and the Basin Gulch Property sits in its heart. Philipsburg is also the access town for the property.
Investing and resource plans
- How can I invest in Lannister Mining?
- Start with the Lannister Mining invest page and its June 2026 USA investor presentation, then speak with investor relations. Ken Cotiamco is the listed contact at 604-687-7130 or IR@lannistermining.com. This site explains the Basin Gulch Property but does not sell securities or give investment advice.
- What are S-K 1300 and NI 43-101?
- S-K 1300 is the United States SEC rule for mining property disclosure, and NI 43-101 is the Canadian standard for disclosing mineral projects. Both require a qualified person to support reported resources and set rules for how results can be presented. Lannister Mining references both for its future Basin Gulch resource.
- What are the main risks of investing in a gold exploration company?
- The main risks are that new drilling may not confirm historical results, that a resource estimate may come in smaller than hoped, that exploration requires ongoing financing, and that metal prices move. Basin Gulch has no published resource estimate yet. Read company disclosures and speak with a licensed advisor before investing.
- What is the gold price backdrop for explorers right now?
- A recent minenportal.de report on Great Basin drilling said gold futures ended the prior week at about $4,220 an ounce, and that Nevada producers and explorers were putting those prices to work with the drill. Prices change daily, so check a live quote before relying on any figure.
- Where is the latest Lannister Mining investor presentation?
- The latest presentation posted on the Lannister Mining invest page is the June 2026 USA investor presentation, a PDF on lannistermining.com. This site links to it from the technical downloads page. A Canadian investor presentation is also referenced on the company invest page.
The team behind Basin Gulch
- Who leads Lannister Mining?
- Jim Greig is CEO and a director of Lannister Mining. He brings more than 25 years of experience advancing and developing projects toward production, and was a founder, President and Director at Thesis Gold, formerly Benchmark Metals, which advanced a 5 million ounce gold-silver project in British Columbia.
- What is the track record of the Lannister Mining team?
- 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. Advisor John Lewins is CEO of K92 Mining and director Mario Vetro is a K92 co-founder. Director Will Randall sold the Sal de los Angeles lithium brine project for $265M.
- Does Lannister Mining have geologists on its board?
- Yes. Director Jo Anne Price is an independent geological consultant with more than two decades of experience on gold, polymetallic and graphite projects in the USA, Australia and Canada. Director Will Randall is a professional geologist with more than 20 years in mining and mineral exploration.
- Who is the CFO of Lannister Mining?
- Kelvin Lee is CFO of Lannister Mining, with more than 15 years of financial management experience at publicly traded companies. He previously served as CFO of a TSX-V listed gold producer with $400 million in revenue over nine years, and holds CPA and CGA designations.
Comparing gold exploration companies
- What is a gold exploration company?
- A gold exploration company searches for and defines gold deposits rather than mining them. Its work includes mapping, sampling, trenching and drilling, ending ideally in a resource estimate that a producer or the explorer itself can develop. Lannister Mining is a gold and silver exploration company working on the Basin Gulch Property in Montana.
- How do you compare mineral exploration companies?
- Compare mineral exploration companies on the same evidence: how much drilling exists, grades and widths reported, land package size, jurisdiction and access, resource status, team experience and remaining upside. This site uses those seven checks in its rating guide, published by Lannister Mining, and applies them to Basin Gulch.
- Who are the top gold exploration companies?
- There is no single objective list of top gold exploration companies, because the right pick depends on stage, jurisdiction and risk appetite. Our gold explorer comparison, published by Lannister Mining, ranks three companies linked to the Lannister team by development stage using only facts stated on the Lannister Mining website.
- What is the difference between a gold explorer and a gold producer?
- A gold explorer is still finding and defining a deposit, while a producer is mining and selling metal. Explorers carry more geological and financing risk but can rerate on discovery or a first resource. K92 Mining, whose CEO advises Lannister Mining, is described as a high-grade gold producer in Papua New Guinea.
- Is Lannister Mining a silver mining company?
- Lannister Mining is a gold and silver exploration company, not a producing silver miner. Basin Gulch trench results report both gold and silver, such as 5 g/t gold and 54 g/t silver over 34 meters. The property also sits in the Philipsburg district, which led the original US silver boom.
- How big is a typical exploration drill program?
- Programs vary widely. As one recent example, minenportal.de reported that a tungsten explorer planned a six-hole, approximately 3,050-foot, or 930-metre, program at the Rowland Tungsten Property in Elko County, Nevada. Basin Gulch has more than 320 historical holes, a much larger historical dataset than a single early program.
- 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.
Partners, visits and getting in touch
- Can exploration partners work with Lannister Mining on Basin Gulch?
- Exploration partners can contact Lannister Mining through its contact page to discuss Basin Gulch. This site does not publish partnership terms. What partners can review now is the public record: more than 320 historical holes, trench results, a 1,107-hectare land package, multiple targets and two-thirds of the property unexplored.
- How do I contact Lannister Mining about Basin Gulch?
- Use the Lannister Mining contact page at lannistermining.com/contact. Investor relations is reachable at 604-687-7130 or IR@lannistermining.com, and the office is at 1500 - 1055 West Georgia Street, Vancouver, BC V6E 4N7. Every contact button on this site leads to that page.
- Can investors or partners visit the Basin Gulch Property?
- Site visits are arranged by Lannister Mining, not by this site, so ask through the company contact page. The property has year-round road access from Philipsburg, Montana, on paved and well-maintained gravel roads, and is about one hour from Butte, which makes visits practical in most seasons.
- Who publishes this website?
- Lannister Mining publishes this website. It is one of a small number of websites the company publishes, and it focuses only on the Basin Gulch Property: drill data, trench results, targets, maps and downloads. Guides on this site are written by Lannister Mining and are not independent reviews.
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