FAQLast updated: November 2026Published by Lannister Mining
These are plain answers to 42 common questions about Lannister Mining, the Basin Gulch property, and how gold exploration works.
Lannister Mining is a mineral exploration company focused on the Basin Gulch gold and silver property in west-central Montana. The property has near-surface gold-silver mineralization, more than 320 historical drill holes, and a consolidated package of patented and unpatented claims. The company's team includes executives with experience advancing precious-metals projects.
Basin Gulch is in west-central Montana, in the historic Philipsburg Mining District. Lannister Mining describes year-round access from Philipsburg, Montana on paved and well-maintained gravel roads, and the property is about one hour from Butte. That access matters for exploration because crews and equipment can reach the site in every season.
Gold and silver are the focus at Basin Gulch. Lannister Mining reports gold-silver (Au-Ag) mineralization that is near surface and hosted in oxides. Historical trench results list both gold and silver grades, while the highlighted historical drill intercepts are reported as gold grades in grams per tonne.
No. Basin Gulch is an exploration-stage project, not a producing mine. Lannister Mining describes the property as one that has seen significant historical work but has not been mined out. The stated next milestone is a future Maiden Mineral Resource Estimate built on historical drilling and new work programs.
It means the gold and silver sit close to the ground surface in rock that weathering has oxidized. Several highlighted Basin Gulch drill intercepts start at surface, such as 1.8 g/t gold over 162 meters. Lannister Mining notes that this near-surface position implies significant flexibility for future mine design optimization.
Roughly one third. Lannister Mining states that two-thirds of the Basin Gulch property is still unexplored. The mineralization is described as open at depth, open along strike, and untested regionally, which means historical drilling has not yet defined the limits of the mineralized system.
More than 320 historical drill holes have been completed at Basin Gulch, according to Lannister Mining. The company plans to use this historical work, together with new work programs and confirmation drilling, toward a future Maiden Mineral Resource Estimate for the property.
Highlighted historical intercepts include 1.8 g/t gold over 162 meters from surface, 0.66 g/t gold over 326 meters from surface, 3.2 g/t gold over 72 meters from surface, 156 g/t gold over 3 meters, and 25 g/t gold over 14 meters. These are historical results that Lannister Mining plans to confirm with new drilling.
Mineral exploration drilling is boring holes into rock to recover samples that show which metals are present, at what grade, and over what length. Results are reported as grade over an interval, such as grams of gold per tonne over a number of meters. At Basin Gulch, more than 320 historical holes have already been drilled.
g/t Au means grams of gold per tonne of rock, the standard grade unit in gold exploration; Ag stands for silver. A result such as 1.8 g/t Au over 162 meters, one of the historical Basin Gulch intercepts, means samples along a 162 meter interval averaged 1.8 grams of gold for each tonne of rock.
Lannister Mining lists four historical trench highlights: 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. Figures appear exactly as published on the company's property page.
Confirmation drilling checks historical results with new sampling so they can support a current resource estimate. Lannister Mining states that Basin Gulch has potential to host a significant Maiden Mineral Resource Estimate after expansion and confirmation drilling of historical intercepts. Until then, historical results should be read as exploration information.
The total land package covers 1,107 hectares and includes 11 patented claims and 53 unpatented claims, according to Lannister Mining. A core of patented mining claims is surrounded by unpatented claims, and the company lists multiple high priority targets near the historic resource.
A patented mining claim is one where the United States government has passed title to the claimant, so the land becomes private property, generally including surface and mineral rights. Basin Gulch is primarily on patented land, with 11 patented claims forming the core of the property. The Bureau of Land Management explains claim types in more detail.
An unpatented mining claim gives the holder the right to explore for and develop locatable minerals on federal land, while the land stays in federal ownership. Holders generally must meet annual maintenance requirements with the Bureau of Land Management. Basin Gulch includes 53 unpatented claims surrounding its patented core.
Patented land is private land, which generally gives the owner more direct control over the surface and access than federal land does. State and federal permitting rules still apply to exploration and mining. Lannister Mining notes that Basin Gulch is primarily on patented land, hosted in oxides, with more than 320 historical drill holes.
Yes. Lannister Mining lists multiple high priority targets near the historic resource and states that future drilling will concentrate on additional mineralized target areas within the property. With two-thirds of the property still unexplored, much of the 1,107 hectare land package has not yet been tested.
This site summarizes Lannister Mining's published project facts and does not restate ownership or agreement terms. The company presents Basin Gulch as its focus project. For exact ownership, option or royalty details, read the June 2026 USA investor presentation and confirm with investor relations at IR@lannistermining.com or 604-687-7130.
Yes. Montana is known as the Treasure State because of its mineral wealth and a history built on mining. The first gold discovery in the Montana territory occurred in 1852 at Gold Creek, near present-day Garrison, and silver, copper, nickel and platinum have since been discovered and mined in the state.
Much of it happens in historic mining districts in the western part of the state. Basin Gulch sits in the historic Philipsburg Mining District in west-central Montana, which Lannister Mining describes as the district that led the original US silver boom in the late 1800s. Butte, another historic mining center, is about one hour away.
More than 40 lode gold mines in 12 states produced an estimated 160 tonnes of gold in 2025, worth about US$17 billion, according to USGS Mineral Commodity Summaries 2026 as summarized by Farmonaut. US mine output fell from 187 tonnes in 2021 to 160 tonnes in 2025 while the average price rose from US$1,801 to about US$3,300 per ounce.
Nevada produced about 64 percent of US gold and Alaska about 22 percent in 2025, according to USGS figures summarized by Farmonaut. The four Nevada Gold Mines sites alone produced about 2.59 million ounces in 2025 on a 100 percent basis, roughly half of US output. Basin Gulch is outside both states, in west-central Montana.
No public access is offered. Basin Gulch is an exploration property, not a recreation site, and any investor or partner visit would need to be arranged with Lannister Mining. People looking for recreational gold panning in Montana should look for designated public areas, such as the Libby Creek Recreational Gold Panning Area in northwest Montana.
It depends on the project. Nevada hosts most US gold production and many large operations. Montana offers established historic districts, and Basin Gulch specifically offers patented land, oxide mineralization near surface, and year-round road access. Geology, land status and permitting differ project by project, so compare individual projects rather than states.
Start with the investor presentation and the investor relations team. Lannister Mining publishes a USA investor presentation dated June 2026, and investor enquiries go to Ken Cotiamco at 604-687-7130 or IR@lannistermining.com. This site does not sell securities or give investment advice; speak with a licensed advisor before investing.
The investor briefing is Lannister Mining's presentation of the Basin Gulch project for investors and exploration partners. The current USA investor presentation is dated June 2026 and is available as a PDF from the company's website. For a briefing or follow-up questions, investor relations can be reached at IR@lannistermining.com.
Lannister Mining states there is a clear premium in the market for S-K 1300 and NI 43-101 compliant gold and silver ounces in the USA. S-K 1300 is the US SEC disclosure standard for mining properties and NI 43-101 is the Canadian standard. Basin Gulch does not yet have a compliant resource; a Maiden Mineral Resource Estimate is the stated goal.
Exploration carries real risk. Historical drill results may not be confirmed by new drilling, a resource estimate may be smaller than hoped, and exploration needs ongoing financing. Metal prices, permitting and market conditions also affect outcomes. Read the investor presentation and company filings, and consult a licensed financial advisor before investing.
Jim Greig is CEO and Director, with more than 25 years of experience advancing and developing projects. He was a founder, President and Director at Thesis Gold (formerly Benchmark Metals), which advanced a 5 million ounce gold-silver project in British Columbia. Kelvin Lee is CFO, with over 15 years of financial management experience with publicly traded companies.
Lannister Mining states that 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 Will Randall acquired, discovered, developed and sold the Sal de los Angeles lithium brine project in Argentina for $265M.
Yes. Lannister Mining wants to attract new exploration partners for Basin Gulch. The property offers more than 320 historical drill holes, near-surface gold-silver mineralization, and two-thirds of its area still unexplored. Partners can review the project facts on this site and the investor presentation, then contact investor relations to discuss.
Based on Lannister Mining's stated plans, the main work is expansion and confirmation drilling of historical intercepts, testing additional mineralized target areas within the property, and gathering data for a Maiden Mineral Resource Estimate. Specific roles and terms are set by the company, so ask investor relations for details.
The historical record includes more than 320 drill holes and trench results with gold and silver grades over measured lengths. Lannister Mining's materials also include property and drilling maps. This site summarizes only published highlights, so partners should ask the company about access to the full dataset.
Yes. Lannister Mining describes year-round access from Philipsburg, Montana on paved and well-maintained gravel roads, with Butte about one hour away. Year-round access can let exploration programs run beyond a short summer season, which is a common constraint at remote projects.
A maiden mineral resource estimate is a project's first formal estimate of the tonnes and grade of mineralization, prepared by a qualified person under a reporting standard such as S-K 1300 or NI 43-101. Lannister Mining states that historical drilling and new work programs will be used in a future Maiden Mineral Resource Estimate for Basin Gulch.
Lannister Mining lists its office at 1500 - 1055 West Georgia Street, Vancouver, BC, Canada V6E 4N7, while its Basin Gulch project is in west-central Montana. Investor relations, led by Ken Cotiamco, can be reached at 604-687-7130 or IR@lannistermining.com for project questions.
Lannister Mining is a mineral exploration company with a US gold-silver project, Basin Gulch in Montana. Broader lists, such as the F6S list of top mining companies in the United States, also include firms focused on rare earths, metals processing and iron pellets. Compare companies by commodity, project stage, land status and data.
Use the same criteria for every company: project location, land status, amount of drilling, reported grades and widths, whether a compliant resource exists, and the team record. For Basin Gulch, those facts are more than 320 historical holes, 11 patented and 53 unpatented claims, near-surface oxide mineralization, and a planned maiden resource.
A gold exploration company searches for and defines deposits; a producer operates a mine and sells metal. Lannister Mining is an exploration company: Basin Gulch has historical drilling but no current mine. For scale, the world's top 40 mining companies earned US$909 billion in revenue in 2025, according to PwC Mine 2026.
Gold exploration is the work of finding and measuring gold deposits, from mapping and sampling to trenching and drilling, before any decision to build a mine. At Basin Gulch, Lannister Mining's exploration builds on more than 320 historical drill holes and trench results, with a Maiden Mineral Resource Estimate as the goal.
Mineral exploration is the search for economic concentrations of metals or minerals using geology, sampling, trenching and drilling. It comes before resource estimation, studies, permitting and mining. Lannister Mining is a mineral exploration company working on gold and silver at the Basin Gulch property in west-central Montana.
Oxide ores are often processed by heap leaching, where crushed ore is stacked and irrigated with a solution that dissolves metal. The F6S US mining list notes that around 20% of world copper production uses heap leaching, with recovery factors of 30-70% where percolation is not monitored. Lannister Mining has not published a processing method for Basin Gulch in the materials summarized here.
Part of our guide to Lannister Mining among mineral exploration companies in the USA and the Basin Gulch project.
Lannister Mining investor relations: Ken Cotiamco, 604-687-7130, IR@lannistermining.com
Published by Lannister Mining
