FAQ
Last updated: · Published by Lannister Mining
This FAQ answers 45 common questions about the Basin Gulch Property, Montana gold exploration, claims, drilling, investing and the gold mining industry.
Answers use facts reported by Lannister Mining, which publishes this site, plus general industry knowledge where noted. For the main overview, start with gold exploration in Montana at Basin Gulch.
Basin Gulch is Lannister Mining's gold-silver exploration property in west-central Montana, with near-surface oxide mineralization, more than 320 historical drill holes and 64 claims over 1,107 hectares.
Basin Gulch is a gold and silver exploration project in west-central Montana explored by Lannister Mining. It hosts near-surface gold-silver mineralization in oxides, sits mainly on patented land, and has seen more than 320 historical drill holes. The land package covers 11 patented and 53 unpatented claims totaling 1,107 hectares.
Lannister Mining is the mineral exploration company focused on exploring Basin Gulch. Its stated goal is to advance the project toward a Maiden Mineral Resource Estimate. Corporate details, filings and the latest investor presentation are on lannistermining.com, which is the best place to confirm current ownership and agreement terms.
No. Basin Gulch is an exploration project, not an operating mine. Lannister Mining describes the property as one that has seen significant historical work but has not been mined out. Historical drilling and new work programs are intended to feed a future Maiden Mineral Resource Estimate.
Gold and silver. Historical drill highlights are reported in grams per tonne of gold, and trench highlights report both gold and silver, such as 5 g/t Au and 54 g/t Ag over 34 meters. Lannister Mining describes Basin Gulch as a gold and silver oxide discovery.
It means gold-silver mineralization begins at or close to the ground surface. Several historical holes intersected gold from surface, including 1.8 g/t Au over 162 meters and 3.2 g/t Au over 72 meters. Lannister Mining says this gives significant implied mine design optimization flexibility.
Not yet. Lannister Mining plans a Maiden Mineral Resource Estimate that will use historical drilling and new work programs. The company says the property has potential to host a significant maiden estimate after expansion and confirmation drilling of historical drill intercepts. Historical results are not a current mineral resource.
About two-thirds of the Basin Gulch Property is still unexplored, according to Lannister Mining. Mineralization is described as open at depth, along strike and untested regionally, and future drilling will concentrate on additional mineralized target areas within the property.
More than 320 historical drill holes have been completed at Basin Gulch. Lannister Mining plans to use this historical drilling, together with new work programs, in a future Maiden Mineral Resource Estimate after confirmation drilling of the historical intercepts.
Highlight intercepts reported by Lannister Mining include 156 g/t Au over 3 meters, 25 g/t Au over 14 meters, 3.2 g/t Au over 72 meters from surface, 1.8 g/t Au over 162 meters from surface, and 0.66 g/t Au over 326 meters from surface. All are historical results.
It means grams of gold per metric tonne of rock. An intercept such as 1.8 g/t Au over 162 meters means a drill hole averaged 1.8 grams of gold per tonne across 162 meters of sampled length. Silver grades are written the same way, as g/t Ag.
Trench highlights reported by Lannister Mining include 62 g/t Au and 32 g/t Ag over 159 meters, 4 g/t Au and 23 g/t Ag over 146 meters, 25 g/t Au and 45 g/t Ag over 61 meters, and 5 g/t Au and 54 g/t Ag over 34 meters. Trenches sample rock exposed at surface.
An oxide-hosted deposit is one where gold sits in rock that has been weathered and oxidized near the surface. Basin Gulch mineralization is described as hosted in oxides. Across the industry, oxide material is generally easier to process than unoxidized sulfide rock, though metallurgy must be tested for each project.
Lannister Mining says future drilling will concentrate on additional mineralized target areas within the property, alongside expansion and confirmation drilling of historical intercepts. For current program timing, check the latest news and investor presentation on lannistermining.com, since schedules can change with financing and permits.
Confirmation drilling checks that older results can be reproduced with modern methods so they can support a compliant resource estimate. Lannister Mining says Basin Gulch could host a significant Maiden Mineral Resource Estimate after expansion and confirmation drilling of historical drill intercepts.
Basin Gulch includes 64 claims: 11 patented and 53 unpatented mining claims covering 1,107 hectares in total. Lannister Mining describes this as a large, highly prospective consolidated land package with multiple high-priority targets near the historic resource.
A patented mining claim is one where the federal government has passed full title to a private owner, so the holder owns the land and its minerals. Basin Gulch is underlain by a core of patented claims and is described as primarily on patented land. The Bureau of Land Management explains claim types in detail.
An unpatented claim gives the holder the right to explore for and develop locatable minerals on federal land while title stays with the government. Basin Gulch has 53 unpatented claims surrounding its patented core. Holders generally pay annual maintenance fees to keep unpatented claims active.
The package covers 1,107 hectares, which is roughly 2,735 acres. It combines 11 patented claims at the core with 53 unpatented claims around them, giving room for the regional exploration Lannister Mining describes as still untested.
Patented land is privately held, and Lannister Mining highlights that Basin Gulch is primarily on patented land. In general, private land can follow a different permitting path than federal land, but every project's requirements should be confirmed with the relevant state and federal regulators.
Basin Gulch is in west-central Montana, in the historic Philipsburg Mining District. The property has year-round access from Philipsburg, MT on paved and well-maintained gravel roads, and it is about one hour from Butte, MT.
Yes. Lannister Mining reports year-round access from Philipsburg, MT on paved and well-maintained gravel roads. Year-round access matters in exploration because crews can work and move equipment across more of the calendar instead of waiting for a short summer season.
The Philipsburg Mining District led the original US Silver Boom in the late 1800s. Basin Gulch sits in the heart of this district, which Lannister Mining describes as a safe jurisdiction for exploration with a long history of mining.
Montana is called the Treasure State because of its vast 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, and silver, copper, nickel and platinum have since been discovered and mined.
Basin Gulch is about one hour from Butte, MT. The property is reached from Philipsburg, MT on paved and well-maintained gravel roads, which keeps it accessible year-round for exploration crews and visitors.
Start with the company's investor materials on lannistermining.com, including the June 2026 USA investor presentation. Lannister Mining's investor relations contact is Ken Cotiamco at 604-687-7130 or IR@lannistermining.com. Speak with a licensed advisor before investing; this site is not investment advice.
Lannister Mining states that US-based companies with NI 43-101 compliant resources trade at a significant premium compared to their peers, and that there is a clear market premium for compliant gold and silver ounces in the USA. Basin Gulch does not yet have a compliant resource; a maiden estimate is planned.
NI 43-101 is the Canadian standard for disclosing scientific and technical information about mineral projects. S-K 1300 is the comparable US Securities and Exchange Commission rule. Lannister Mining points to the market premium for gold and silver ounces reported under these standards in the USA.
Exploration companies carry high risk because they usually have no revenue and depend on drilling results, permits, metal prices and financing. Historical results at Basin Gulch still need confirmation drilling. Read the company's official disclosures and consult a licensed advisor before investing.
The June 2026 USA investor presentation is posted on lannistermining.com as a PDF and is linked from the Investors page of this site. Lannister Mining also lists a Canadian investor presentation on its own invest page.
Jim Greig is CEO and Director, with more than 25 years of experience advancing and developing projects. Kelvin Lee is CFO, with over 15 years of financial management experience at public companies. The board includes Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall.
No. This site explains the Basin Gulch Property using facts from Lannister Mining, which publishes it. It does not recommend buying or selling any security, and historical drill results are not a mineral resource. Review official company disclosures and speak with a licensed advisor.
Basin Gulch offers targets that are open at depth, along strike and untested regionally, with two-thirds of the property unexplored. It also has more than 320 historical holes to build from. Partners can reach Lannister Mining investor relations at 604-687-7130 or IR@lannistermining.com.
Lannister Mining reports multiple high-priority targets near the historic resource and says future drilling will concentrate on additional mineralized target areas within the property. Mineralization is open at depth and along strike, and the wider property remains untested regionally.
Year-round road access from Philipsburg, MT, a location about one hour from Butte, and a core of patented claims. Together these support field programs across seasons in an established mining district rather than a remote, fly-in setting.
More than 320 historical drill holes, trench results with gold and silver assays, and property maps. Lannister Mining plans to combine this historical work with new programs in a Maiden Mineral Resource Estimate, after confirmation and expansion drilling.
Yes. The team includes co-founders or senior executives of K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold. Director Jo Anne Price is a geological consultant with over two decades of experience, and director Will Randall is a professional geologist with over 20 years in the industry.
A gold exploration company searches for, tests and defines gold deposits before any mine is built. It acquires claims, maps and samples rock, drills, and works toward a resource estimate. Lannister Mining is a gold exploration company focused on the Basin Gulch Property in Montana.
An exploration company finds and defines deposits, while a mining company builds and operates mines that produce gold. Explorers usually fund work by selling shares, while producers earn revenue from metal sales. Some explorers later become producers or sell their projects to producers.
There is no single official ranking; lists of top gold exploration companies usually sort by market value, project size or drilling results, and they change often. This site does not rank companies. Lannister Mining's team has ties to K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold.
Yes. The United States has an active gold mining industry, and Montana has a gold history dating to the 1852 Gold Creek discovery. The US Geological Survey publishes national gold production data. Lannister Mining explores for gold and silver at Basin Gulch in Montana.
Typically a company acquires claims, reviews historical data, maps and samples at surface, trenches, drills, and then estimates a resource under a reporting standard. Basin Gulch already has historical drilling and trenching, and Lannister Mining's next milestone is a Maiden Mineral Resource Estimate.
Mining can disturb land, affect water quality and create waste rock, which is why it is closely regulated. In Montana, the Department of Environmental Quality oversees mine permitting and reclamation. Exploration usually has a smaller footprint than mining, though drilling and roads still need permits and reclamation.
Generally, drill pads and access trails are recontoured and reseeded, and drill holes are plugged under state rules. Requirements vary by land status and agency. For Montana specifics, see the Montana Department of Environmental Quality; for Basin Gulch plans, check Lannister Mining's disclosures.
Mostly through news releases on drilling, assays, royalties and financing. For example, Klondike Gold reported 513.1 ounces of placer flake gold at approximately 82% purity in 2026 royalty receipts from its Montana Creek Placer Property through October 15, 2026, per Mining Stock Education. Montana Creek is in the Yukon, not Montana.
It often takes many years, because discovery, resource definition, technical studies, permitting and financing each take time. Timelines vary widely by project and jurisdiction. Basin Gulch is at the stage of building toward a Maiden Mineral Resource Estimate.
Published by Lannister Mining
