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Basin Gulch Drilling

Trench results

Basin Gulch trench results: gold and silver at surface

Basin Gulch trenches returned both gold and silver over long surface intervals, from 34 to 159 meters. Here are all four trench highlights published by Lannister Mining and what they add to the drill record.

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What did the Basin Gulch trenches return?

Lannister Mining lists four Basin Gulch trench highlights: 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. Every trench reported silver alongside gold.

All four Basin Gulch trench highlights

Trench highlight 1

Gold
62 g/t
Silver
32 g/t
Length
159 m (521.7 ft)

Trench highlight 2

Gold
4 g/t
Silver
23 g/t
Length
146 m (479 ft)

Trench highlight 3

Gold
5 g/t
Silver
54 g/t
Length
34 m (111.6 ft)

Trench highlight 4

Gold
25 g/t
Silver
45 g/t
Length
61 m (200.1 ft)

Figures exactly as stated on the Lannister Mining property page.

Why trench results matter alongside drilling

Definition

What a trench sample measures

A trench is an excavation at or near surface. Geologists cut continuous samples along its floor or wall, so a trench result shows how grade behaves sideways across the ground, while a drill hole shows how it behaves with depth.

At Basin Gulch, Lannister Mining reports trench intervals of 34 to 159 meters. Combined with three drill highlights that start at surface, the trenches help trace the near-surface oxide zone in plan view as well as in section.

Silver

The silver story at Basin Gulch

Silver appears in every trench highlight, from 23 to 54 g/t. The highest silver grade, 54 g/t, came with 5 g/t gold over 34 meters. That fits the setting: the property lies in the Philipsburg Mining District, which led the original US silver boom in the late 1800s.

The drill highlights Lannister Mining publishes report gold only, so the trenches are currently the clearest public view of silver at Basin Gulch.

Back to the Basin Gulch drilling overview

Common questions

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

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.
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.
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.
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.

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