FAQ
Here are 46 plain answers about Basin Gulch drilling, its location, claims and investing.
Questions are grouped by topic, from what the Basin Gulch Property is to how gold exploration companies work. Every answer uses facts Lannister Mining publishes, or says how to confirm a detail that is not published.
Last updated: Published by Lannister Mining
Basin Gulch drilling refers to the more than 320 historical drill holes on the Basin Gulch gold-silver property in west-central Montana, explored by Lannister Mining. Highlights include 1.8 g/t Au over 162 meters from surface.
The Basin Gulch Property is a gold and silver exploration project in west-central Montana, explored by Lannister Mining. It hosts near-surface gold-silver mineralization in oxides, has seen more than 320 historical drill holes, and is held through 11 patented and 53 unpatented mining claims covering 1,107 hectares in the historic Philipsburg Mining District.
Lannister Mining, a mineral exploration company, is exploring the Basin Gulch Property. The company describes itself as a Montana-based gold and silver developer focused on advancing Basin Gulch. Its management includes CEO and Director Jim Greig, who brings more than 25 years of experience advancing and developing projects, and CFO Kelvin Lee. Company details are on lannistermining.com.
Gold and silver are the metals of interest at Basin Gulch. Historical drill intercepts are reported as gold grades, such as 1.8 g/t Au over 162 meters from surface, while trench results report both gold and silver, such as 5 g/t Au and 54 g/t Ag over 34 meters. The mineralization is hosted in oxides near surface.
Oxide-hosted gold is gold found in rock that has been weathered and oxidized, usually near the surface. In general, oxide material is often simpler to process than unweathered sulfide rock, which is one reason explorers value it. Lannister Mining reports that Basin Gulch mineralization is hosted in oxides; processing behavior there would need to be confirmed by metallurgical testwork.
Not yet. Lannister Mining states that historical drilling and new work programs will be used in a future Maiden Mineral Resource Estimate. The company says the property has potential to host a significant maiden estimate after expansion and confirmation drilling of historical drill intercepts. Until then, historical results should be read as exploration data, not as a resource.
Yes. Lannister Mining reports that gold-silver mineralization at Basin Gulch is open in multiple directions and at depth, open along strike, and untested regionally. Open mineralization means past drilling did not find its limits, so further drilling could extend it. Future drilling is planned to concentrate on additional mineralized target areas within the property.
About two-thirds of the Basin Gulch Property is still unexplored, according to Lannister Mining. The company reports multiple high priority targets near the historic resource, and most of the 1,107-hectare land package remains available for future mapping, sampling and drilling. That unexplored ground is the main source of the exploration upside the company describes.
More than 320 historical drill holes have been completed on the Basin Gulch Property, according to Lannister Mining. Those holes, along with surface trenches, produced the highlight intercepts the company publishes, including 0.66 g/t Au over 326 meters from surface. The company plans to use this historical drilling, together with new work, in a future maiden mineral resource estimate.
The published highlight intercepts are 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. Which is best depends on whether you value grade, length, or both; our drilling page ranks them by grade multiplied by length.
g/t Au means grams of gold per tonne of rock. One gram per tonne equals one part per million. A result such as 3.2 g/t Au over 72 meters means a drill hole intersected 72 meters of rock averaging 3.2 grams of gold per tonne. Grade is read together with length because thick moderate-grade zones can matter as much as short high-grade ones.
From surface means the mineralized interval starts at the top of the hole, with no barren rock above it. In general, mineralization that begins at surface can reduce the waste rock that must be moved in an open pit design. Three of the five Basin Gulch highlight drill intercepts Lannister Mining publishes are reported from surface, including 162 meters at 1.8 g/t Au.
Lannister Mining reports four trench highlights at Basin Gulch: 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 expose and sample rock at surface, so they test near-surface mineralization directly.
A trench is a shallow excavation that exposes bedrock at surface so it can be mapped and sampled along its length. A drill hole bores into the ground, often hundreds of meters, and returns core or chips for assay. Trenches show what is at surface over a long horizontal distance; drill holes show how mineralization continues at depth.
Historical drill results are useful exploration data, but they generally need confirmation before they support a current mineral resource estimate. Lannister Mining plans confirmation drilling of historical drill intercepts at Basin Gulch for that reason. Investors should read the company investor presentation and technical disclosures on lannistermining.com for the details behind each result.
Future drilling at Basin Gulch will concentrate on additional mineralized target areas within the property, according to Lannister Mining. The company also plans expansion and confirmation drilling around historical drill intercepts, since the mineralization is open at depth and along strike. Those results, together with historical data, are intended to feed a maiden mineral resource estimate.
Basin Gulch is in west-central Montana, in the heart of the historic Philipsburg Mining District. The property has year-round access from Philipsburg, Montana, on paved and well-maintained gravel roads, and it is about one hour from Butte, Montana. Lannister Mining publishes a location map of the property, which is shown on our maps page.
Yes. Lannister Mining reports year-round access to the Basin Gulch Property from Philipsburg, Montana, on paved and well-maintained gravel roads. Year-round access matters for exploration because drilling, sampling and site visits are not limited to summer months. Montana winters can still affect field work, so specific seasonal plans should be confirmed with the company.
The Philipsburg Mining District is a historic mining area in west-central Montana. Lannister Mining notes that it led the original United States silver boom in the late 1800s. Basin Gulch sits in the heart of this district, which gives the project a long regional history of mining and mineral exploration around it.
Basin Gulch is about one hour from Butte, Montana, according to Lannister Mining. Access from Philipsburg uses paved and well-maintained gravel roads. Being within an hour of a larger city is generally helpful for exploration crews, supplies and site visits, though logistics for any specific program should be confirmed with the company.
Montana is known as 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 occurred in 1852 at Gold Creek, near present-day Garrison. Silver, copper, nickel and platinum have since been discovered and mined, and mining still plays an active role in the state economy.
Lannister Mining describes Basin Gulch as being in a safe jurisdiction, citing its place in the historic Philipsburg Mining District. Montana has a long mining history and is home to large-scale producers operating today. Jurisdiction risk also depends on permitting, land status and local factors, so investors should review company disclosures for project-specific details.
The Basin Gulch land package includes 11 patented claims and 53 unpatented claims, for 64 claims covering 1,107 hectares. According to Lannister Mining, the property is underlain by a core of patented mining claims surrounded by unpatented mining claims, and the Basin Gulch mineralization lies primarily on patented land.
A patented mining claim is one where the federal government has passed title to the claim holder, so the land is privately owned. An unpatented claim gives the holder the right to explore for and develop minerals on federal land while the government keeps title, and it must be maintained with annual filings and fees. Basin Gulch combines both types.
Patented land is privately held, which generally gives the owner more control over access and land use than federal land does. Lannister Mining reports that Basin Gulch is primarily on patented land, with a core of 11 patented claims at the center of the property. Permitting still applies on private land, so the full process should be confirmed in company disclosures.
Basin Gulch covers 1,107 hectares, which is about 2,735 acres, since one hectare equals roughly 2.471 acres. The area is made up of 11 patented and 53 unpatented mining claims. Lannister Mining describes it as a large, highly prospective consolidated land package with multiple high priority targets near the historic resource.
A consolidated land package means the claims are held together under one owner rather than split among several holders. For an explorer, consolidation generally makes it simpler to plan drilling across claim boundaries and to design a future mine without negotiating with neighbors. Lannister Mining describes Basin Gulch as a large, highly prospective consolidated land package.
Lannister Mining points to four reasons: significant historical work with more than 320 drill holes, a large consolidated land package of 64 claims, a safe jurisdiction in the historic Philipsburg Mining District, and potential for premium evaluation. The company also notes the property has not been mined out. Exploration investing carries high risk, so read the company disclosures first.
Lannister Mining states there is a clear market premium for gold and silver ounces in the USA that are compliant with S-K 1300 and NI 43-101 technical reports, and that US-based companies with 43-101 compliant resources trade at a significant premium to their peers. This is the company view of the market; investors should test it against their own research.
NI 43-101 is the Canadian standard that governs how mining companies publicly disclose scientific and technical information about mineral projects, including mineral resource estimates. Disclosures must be based on work by a qualified person. Lannister Mining aims for a maiden mineral resource estimate at Basin Gulch and refers to NI 43-101 compliant ounces as carrying a market premium.
S-K 1300 is the US Securities and Exchange Commission rule for mining property disclosure by SEC registrants. Like NI 43-101 in Canada, it sets requirements for reporting exploration results, mineral resources and mineral reserves, including reliance on a qualified person. Lannister Mining refers to S-K 1300 and NI 43-101 compliant gold and silver ounces in the USA as attracting a premium.
Lannister Mining publishes its investor presentations on the Invest page of lannistermining.com, including a USA Investor Presentation dated June 2026 and a Canadian Investor Presentation. These presentations are the company primary investor materials and should be read alongside any formal technical disclosures before making an investment decision.
Lannister Mining management includes CEO and Director Jim Greig and CFO Kelvin Lee. The board includes Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall, and John Lewins serves as an advisor. The company says many of its people were co-founders or senior executives at K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold.
Yes. Gold exploration companies generally carry higher risk than producers because they have no mine revenue and their value depends on future discoveries, studies and financing. Historical drill results may not be confirmed, and a resource estimate may not lead to a mine. Read company disclosures and consider independent financial advice before investing in any explorer, including Lannister Mining.
Basin Gulch offers a partner a historical dataset of more than 320 drill holes, near-surface oxide-hosted gold-silver mineralization open in multiple directions, and a consolidated land package of 11 patented and 53 unpatented claims. With about two-thirds of the property unexplored, Lannister Mining reports multiple high priority targets and room for new discovery work.
Publicly, Lannister Mining shares highlight drill and trench intersections, a Montana location map, property maps, a property photograph and investor presentations. Our maps page collects the property maps the company has published. Detailed drill logs and assay databases are not published on this site; partners should request technical data from Lannister Mining through lannistermining.com.
Yes. Lannister Mining reports easy, year-round access to the Basin Gulch Property from Philipsburg, Montana, on paved and well-maintained gravel roads, about one hour from Butte. Year-round road access supports site visits, sampling programs and drilling logistics. Arrangements for any visit should be made directly with the company.
Lannister Mining reports multiple high priority targets near the historic resource and says the mineralization is open at depth, along strike and untested regionally. About two-thirds of the property is still unexplored. Future drilling is planned to concentrate on additional mineralized target areas within the property, alongside confirmation drilling of historical intercepts.
A gold exploration company searches for gold deposits and works to prove whether they can be mined, rather than operating a mine itself. Its work includes mapping, sampling, trenching, drilling and, eventually, mineral resource estimates. Lannister Mining is a gold exploration company: it is exploring the Basin Gulch gold-silver property in west-central Montana.
Gold exploration is the process of finding and defining gold deposits. It usually moves from geological mapping and surface sampling to trenching and drilling, then to resource estimation and technical studies. At Basin Gulch, more than 320 historical drill holes and trench programs have been completed, and confirmation and expansion drilling are the next stages Lannister Mining describes.
There is no single official list of top gold exploration companies; rankings depend on criteria such as jurisdiction, grade, size of the drilling database and stage of development. This site covers one company, Lannister Mining, and its Basin Gulch Property. To compare explorers fairly, review each company technical reports, drill results, land position and team history on the same terms.
Lannister Mining is a gold and silver exploration company whose project, the Basin Gulch Property, is in Montana, USA. It is not currently a producing miner. Its focus is advancing Basin Gulch toward a maiden mineral resource estimate in a jurisdiction the company describes as safe, the historic Philipsburg Mining District.
The gold mining industry generally runs in stages: exploration companies find and define deposits, developers complete studies, permits and financing, and producers build and operate mines that sell metal. Projects are often sold or partnered between stages. Lannister Mining sits at the exploration stage, using historical drilling at Basin Gulch as a base for new work.
Mining can affect land, water, air and wildlife through ground disturbance, waste rock, water use and dust, and impacts vary widely with the type of mine and how it is managed. Exploration usually has a much smaller footprint than mining. In Montana, hard rock exploration and mining are regulated by the Montana Department of Environmental Quality, including reclamation requirements.
Exploration drilling generally disturbs a small area: drill pads, access trails and sumps for drilling fluids, which are typically reclaimed after work ends. The footprint is far smaller than that of an operating mine. Site-specific practices at Basin Gulch, including reclamation plans, should be confirmed with Lannister Mining and the relevant Montana regulators.
This website is published by Lannister Mining, the company exploring the Basin Gulch Property. It is one of a small number of websites the company publishes, and it focuses only on Basin Gulch: location, mineralization, historical drilling and maps. The company main website, lannistermining.com, covers the wider business, team and investor materials.
Start with the investor overview on this site, then read the investor presentations on the Invest page of lannistermining.com, such as the June 2026 USA Investor Presentation. Review the historical drilling and land package pages here to check the key numbers before reading the company formal disclosures and deciding whether to reach out.
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Published by Lannister Mining
