FAQ
This page answers 45 common questions about the Basin Gulch Property, its claims, historical drilling, exploration plans, location and team, plus the basics of mineral exploration.
Last updated: November 2026
Published by Lannister Mining
The Basin Gulch Property is a gold and silver exploration project in west-central Montana, held by Lannister Mining. It covers 11 patented and 53 unpatented mining claims totaling 1,107 hectares, sits in the historic Philipsburg Mining District, and has seen more than 320 historical drill holes. Mineralization is hosted in oxides and remains open at depth and along strike.
Lannister Mining holds the Basin Gulch Property and is advancing it as a gold and silver exploration project. Lannister Mining describes itself as a Montana based gold and silver developer focused on Basin Gulch, and it publishes this website to explain the project to investors and exploration partners. Its main website is lannistermining.com.
Lannister Mining is exploring Basin Gulch for gold and silver. Historical drill results reported by the company are stated in grams per tonne of gold (Au), and trench results report both gold and silver (Ag). The company describes the target as near surface, high grade gold and silver oxide mineralization.
Oxide hosted means the gold and silver occur in rock that has been weathered and oxidized, usually near the surface. Lannister Mining states that Basin Gulch mineralization is hosted in oxides and sits near surface. Across the mining industry, oxide material is generally easier to process than unoxidized sulfide rock, though processing at Basin Gulch would need to be confirmed by testing.
Not yet. Lannister Mining plans a future Maiden Mineral Resource Estimate for Basin Gulch, which would be its first formal resource estimate. The company states that historical drilling and new work programs will feed that estimate, after expansion and confirmation drilling of historical drill intercepts. Until it is published, no resource figures should be assumed.
Lannister Mining states that two thirds of the Basin Gulch Property is still unexplored. The company describes the known mineralization as open at depth, open along strike and untested regionally. That unexplored ground is where future drilling on additional mineralized target areas is planned, which is why the company sees significant exploration upside on the property.
The Basin Gulch Property is made up of 64 mining claims: 11 patented claims and 53 unpatented claims. Lannister Mining reports the total land package at 1,107 hectares. The patented claims form the core of the property, and the unpatented claims surround them, giving the company one consolidated block of ground around the known mineralization.
A patented mining claim is one where the United States government has passed full title to the claim holder, so the land is privately owned. At Basin Gulch, 11 patented claims form the core of the property, and Lannister Mining notes the project is primarily on patented land. Private land is regulated differently from federal land, which is one reason explorers value patented ground.
An unpatented mining claim gives the holder the right to explore for and develop minerals on federal public land, while the government keeps title to the land itself. Holders generally must pay an annual maintenance fee to the Bureau of Land Management to keep claims active. Basin Gulch includes 53 unpatented claims surrounding its patented core.
Lannister Mining reports the Basin Gulch land package at 1,107 hectares, which converts to roughly 2,735 acres, since one hectare equals about 2.471 acres. The package combines 11 patented and 53 unpatented claims into one consolidated block in west-central Montana, in the historic Philipsburg Mining District.
A consolidated land package puts the known mineralization and the surrounding ground under one holder, so exploration can follow mineralization across claim lines without negotiating with neighbors. Lannister Mining describes Basin Gulch as a large, highly prospective consolidated package with multiple high priority targets near the historic resource area.
No. The Basin Gulch Property described on this site is a mineral exploration project made of mining claims held by Lannister Mining, not a residential or ranch listing. Real estate listings near the town of Basin in Jefferson County, Montana, are separate properties and are unrelated to this project, which is reached from Philipsburg.
More than 320 historical drill holes have been completed at Basin Gulch, according to Lannister Mining. That drilling is the main body of past work on the property. The company plans to use it, together with new work programs, toward a future Maiden Mineral Resource Estimate after confirmation and expansion drilling.
Lannister Mining highlights five historical drill intercepts: 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. These are historical results the company plans to confirm with new drilling.
Lannister Mining lists 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 sample rock exposed at or near the surface.
g/t Au means grams of gold per tonne of rock. A result such as 1.8 g/t Au over 162 meters means the drilled rock averaged 1.8 grams of gold per tonne across a 162 meter interval. Higher grade over a longer interval generally points to more metal, which is why explorers report both numbers together.
From surface means mineralization starts at the top of the hole rather than deep underground. Three of the Basin Gulch highlight intercepts begin at surface, including 1.8 g/t Au over 162 meters. Lannister Mining says this near surface mineralization implies significant flexibility for future mine design optimization.
Historical drill results are a starting point, not a final answer. Companies typically re drill selected historical holes to confirm grades and widths using current methods before including them in a compliant estimate. Lannister Mining states that the Basin Gulch maiden estimate will follow expansion and confirmation drilling of historical drill intercepts.
Yes. Lannister Mining states that gold and silver mineralization at Basin Gulch is open in multiple directions and at depth, open along strike, and untested regionally. Open means drilling has not yet found the edges of the mineralized zone, so further drilling could extend it in those directions.
Lannister Mining plans further exploration drilling at Basin Gulch to confirm and expand historical drill intercepts and then complete a Maiden Mineral Resource Estimate. Future drilling will also concentrate on additional mineralized target areas within the property, much of which remains untested, since two thirds of the ground is still unexplored.
A maiden mineral resource estimate is the first formal estimate of the tonnage and grade of mineralization on a project, prepared under a recognized reporting standard. In the United States that standard is SEC Regulation S-K 1300, and in Canada it is NI 43-101. Lannister Mining plans a maiden estimate for Basin Gulch.
NI 43-101 is the Canadian standard for disclosing mineral project information, and S-K 1300 is the United States Securities and Exchange Commission's rule for mining property disclosure. Both rely on a qualified person. Lannister Mining states there is a clear market premium for US gold and silver ounces that are compliant with these technical report standards.
Future drilling will concentrate on additional mineralized target areas within the Basin Gulch Property, according to Lannister Mining. The company describes multiple high priority targets near the historic resource area and notes mineralization is open at depth and along strike. Specific hole locations and timing are not published on this site.
This site does not publish a drilling start date, because none has been supplied for it. Exploration timing for projects like Basin Gulch typically depends on financing, permitting and contractor availability. For the latest program updates, check Lannister Mining's main website at lannistermining.com, which carries the company's investor presentations.
Lannister Mining wants to attract exploration partners to Basin Gulch, and this site explains the project for that audience. The company's USA investor presentation, dated June 2026, is available on its main website. Partnership terms are not published here and would be set directly with the company.
The Basin Gulch Property is in west-central Montana, in the heart of the historic Philipsburg Mining District. It has year round access from Philipsburg, Montana, on paved and well maintained gravel roads, and it is about one hour from Butte, Montana, according to Lannister Mining.
Yes. Lannister Mining states that Basin Gulch has year round access from Philipsburg on paved and well maintained gravel roads. Year round access matters for exploration because drill programs can run across more of the calendar, rather than being limited to a short summer season as at many remote mountain projects.
The Philipsburg Mining District is known for leading the original United States silver boom in the late 1800s. Basin Gulch sits in the heart of this historic district, which Lannister Mining cites as part of the reason it considers the project to be in a safe mining jurisdiction.
Montana is called the Treasure State because of its vast mineral wealth and a history built on mining, an industry that still plays an active role in the state's economy. The first gold discovery in what was then Montana territory came in 1852 at Gold Creek, near present day Garrison. Silver, copper, nickel and platinum have since been discovered and mined.
Basin Gulch is about one hour from Butte, Montana, according to Lannister Mining. Butte is one of the state's best known mining cities, and being within an hour of it gives an exploration program practical access to services, suppliers and people with mining experience.
Lannister Mining describes Montana as a safe jurisdiction with a long mining history, and notes the state is home to world class deposits with large scale producers in operation today. The company also says US based companies with resources compliant with recognized technical standards trade at a significant premium compared with their peers.
Mineral exploration is the process of finding and testing deposits of metals or minerals that could be worth mining. It moves from mapping and sampling, through drilling, to a formal resource estimate and economic studies. At Basin Gulch, Lannister Mining is working toward the resource estimate stage, building on more than 320 historical drill holes.
Mineral exploration generally moves through five stages: target generation from geology and history, surface work such as mapping, sampling and trenching, discovery and definition drilling, a formal mineral resource estimate, and then economic and engineering studies. Basin Gulch has historical surface and drill work behind it and is heading toward confirmation drilling and a maiden resource estimate.
Mineral exploration drilling recovers rock from below the surface so its metal content can be measured in a laboratory. The two most common methods are diamond core drilling, which retrieves solid cylinders of rock, and reverse circulation drilling, which returns rock chips. Basin Gulch has more than 320 historical drill holes, according to Lannister Mining.
A gold exploration company finds and tests ground that may hold an economic gold deposit. It raises money to fund mapping, sampling and drilling, then reports results to investors. Lannister Mining is a gold and silver exploration company focused on one asset, the Basin Gulch Property in west-central Montana.
This site does not rank gold exploration companies, and because it is published by Lannister Mining it is not an independent comparison. It does provide project facts: 11 patented and 53 unpatented claims, more than 320 historical drill holes, and a team with many of the same co-founders or senior executives as K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold.
Yes. Many mineral exploration companies work in the United States, and Nevada, Alaska, Idaho and Montana are among the states with active gold exploration. Lannister Mining is one, focused on the Basin Gulch gold and silver project in west-central Montana. The company notes that US based projects with compliant resources tend to trade at a premium.
Yes. Mineral exploration is high risk, because most exploration projects never become mines and results can change as drilling continues. Historical results, like those at Basin Gulch, still need confirmation. Anyone considering an investment should read the company's own disclosures and technical reports and consider independent financial advice before deciding.
Jim Greig is CEO and a director of Lannister Mining, with more than 25 years of experience advancing and developing projects toward production. Kelvin Lee is CFO, with more than 15 years of financial management experience at publicly traded companies. The board also includes Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall.
Jim Greig was a founder, President and Director of Thesis Gold, formerly Benchmark Metals, where he advanced a 5 million ounce gold-silver project in British Columbia, Canada. He brings more than 25 years of experience advancing projects toward production, with significant technical, financial and project management abilities.
John Lewins serves on the Lannister Mining advisory board. He is a mineral engineer with more than 35 years in the mining industry across Africa, Australia, Asia, North America and the former Soviet Union, and he is Chief Executive Officer of K92 Mining Inc., a high grade gold producer in Papua New Guinea.
Lannister Mining's USA investor presentation, dated June 2026, is posted as a PDF on the company's main website. It is linked from the investors page of this site and from lannistermining.com. The presentation is the company's own document and the best place to review its latest project and corporate information.
Lannister Mining points to four reasons: significant historical work with more than 320 drill holes, a consolidated package of 11 patented and 53 unpatented claims, a safe jurisdiction in the historic Philipsburg Mining District, and potential for a premium valuation once US based resources are compliant with recognized technical standards. All exploration investments carry risk.
This website is published by Lannister Mining, the company that holds the Basin Gulch Property. It is one of a small number of websites the company publishes, and it focuses only on the Basin Gulch project. It is not independent research. The company's main website is lannistermining.com, where its wider corporate information lives.
This project site does not host a contact form. Lannister Mining's main website at lannistermining.com lists the company's investor relations details and carries its latest investor presentation, so it is the best place to start for investor or exploration partner enquiries about Basin Gulch.
Published by Lannister Mining
