Lannister MiningFAQ
This FAQ answers the questions investors, exploration partners, and curious readers ask about Lannister Mining, Basin Gulch, and gold exploration.
Last updated: November 2026. Published by Lannister Mining.
Lannister Mining is a gold exploration company advancing the Basin Gulch gold-silver property in Montana, which has more than 320 historical drill holes, near-surface oxide mineralization, and two-thirds of its ground unexplored. Its next milestone is a maiden mineral resource estimate.
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 land package of 11 patented and 53 unpatented claims covering 1,107 hectares. The company is working toward a future maiden mineral resource estimate.
Yes. Lannister Mining is a gold exploration company: it explores for gold and silver at Basin Gulch rather than operating a producing mine. Its work centers on confirming and expanding historical drill results so they can support a future maiden mineral resource estimate. It does not report gold production or revenue from mining.
No. Lannister Mining is an exploration company and does not report gold production. Basin Gulch has seen more than 320 historical drill holes and trenching, but no current mineral resource estimate is presented on this site. The next milestone the company describes is a maiden mineral resource estimate supported by expansion and confirmation drilling.
Lannister Mining lists its office at 1500 - 1055 West Georgia Street, Vancouver, BC, Canada V6E 4N7. Its exploration focus is in the United States: the Basin Gulch property sits in west-central Montana, about one hour by road from Butte. Company materials, including investor presentations, are published on lannistermining.com.
Lannister Mining publishes this website. It is one of a small number of websites the company publishes, and it exists to present the Basin Gulch project, the team, and investor materials in one place for investors and exploration partners. The company’s main website is lannistermining.com.
Read the Basin Gulch project facts, then request the investor briefing. The USA investor presentation dated June 2026 is linked from the investors page of this site, and briefing requests are handled through the company’s main website, lannistermining.com. Lannister Mining is actively looking for investors and exploration partners for the property.
The Basin Gulch property is in west-central Montana, in the historic Philipsburg Mining District. It has year-round access from Philipsburg, Montana on paved and well-maintained gravel roads, and it sits about one hour from Butte. The Philipsburg district led the original US silver boom of the late 1800s.
The Basin Gulch land package covers 1,107 hectares made up of 11 patented claims and 53 unpatented claims. A core of patented mining claims is surrounded by unpatented claims. Lannister Mining describes multiple high-priority targets near the historic resource area, and roughly two-thirds of the property remains unexplored.
Basin Gulch hosts near-surface gold-silver mineralization in oxides. The company describes it as open at depth, open along strike, and untested regionally. Several historical intercepts begin at surface, including 1.8 g/t gold over 162 meters, which the company says gives significant implied mine design optimization flexibility.
No current mineral resource estimate is presented on this site. Lannister Mining states that the property has potential to host a significant maiden mineral resource estimate after expansion and confirmation drilling of historical drill intercepts. Historical drilling and new work programs are planned to feed into that future estimate.
About two-thirds of the Basin Gulch property is still unexplored, according to Lannister Mining. The mineralization is described as open at depth and along strike and untested regionally, so future drilling is planned to concentrate on additional mineralized target areas within the property as well as on confirming historical results.
A patented mining claim is private land where the owner holds title to the surface and the minerals. An unpatented claim gives the holder the right to explore and develop minerals on federal land, subject to annual maintenance requirements. Basin Gulch combines 11 patented claims at its core with 53 unpatented claims around them.
Basin Gulch is primarily on patented land, according to Lannister Mining. Patented claims are privately held, and at Basin Gulch they form the core of the property. The surrounding 53 unpatented mining claims extend the package to 1,107 hectares in total. The company’s technical disclosure is the place to confirm exact tenure details.
Basin Gulch has year-round access from Philipsburg, Montana, using paved and well-maintained gravel roads, and it is about one hour from Butte. Year-round access matters for an exploration company because drilling programs and site visits by partners do not have to wait for a short seasonal window.
More than 320 historical drill holes have been completed at Basin Gulch. Lannister Mining plans to use that historical drilling, together with new work programs, toward a future maiden mineral resource estimate. Confirmation drilling of historical intercepts is part of that path, alongside expansion drilling into open ground.
Highlight historical intercepts reported by Lannister Mining 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 the company plans to confirm.
Mineral exploration drilling means drilling holes into the ground to sample rock and measure where minerals occur and at what grade. Results are reported as a grade over a length, such as grams of gold per tonne over a number of meters. At Basin Gulch, more than 320 historical holes provide that starting data.
g/t Au means grams of gold per tonne of rock. A result such as 1.8 g/t Au over 162 meters means a 162 meter interval of sampled rock averaged 1.8 grams of gold per tonne. Ag is the chemical symbol for silver, and silver grades are reported the same way.
A trench result comes from samples taken along a cut in the ground surface rather than from a drill hole. Trenching exposes near-surface rock so it can be sampled continuously. Lannister Mining reports historical trench highlights at Basin Gulch including 4 g/t gold and 23 g/t silver over 146 meters.
Confirmation drilling means drilling new holes near historical holes to check that earlier results can be reproduced with modern methods. It is a common step before historical data can support a current mineral resource estimate. Lannister Mining names expansion and confirmation drilling as the path to a Basin Gulch maiden resource.
Expansion drilling tests ground beyond known mineralization to see whether it continues. At Basin Gulch, the mineralization is described as open at depth, along strike, and untested regionally, with roughly two-thirds of the property unexplored. Those open directions are where Lannister Mining says future drilling will concentrate.
Investors usually weigh the size and grade of the mineralization, whether a compliant resource exists, the jurisdiction, land tenure, the team’s track record, and funding. Before a resource exists, historical drilling and exploration upside carry more weight. For Lannister Mining, that means 320+ historical holes and two-thirds of Basin Gulch unexplored.
An NI 43-101 technical report is prepared under Canada’s National Instrument 43-101, the standard for disclosing mineral projects by companies reporting in Canada. It sets rules for how exploration results and resources are disclosed. Lannister Mining states there is a clear market premium for NI 43-101 and S-K 1300 compliant gold and silver ounces in the USA.
S-K 1300 is the US Securities and Exchange Commission’s disclosure standard for mining properties, and an S-K 1300 technical report summary supports that disclosure. Lannister Mining states that compliant gold and silver ounces in the USA command a clear premium in the market, which is part of why it is working toward a maiden resource at Basin Gulch.
Lannister Mining states that US-based companies with NI 43-101 compliant resources trade at a significant premium compared to their peers. That is the company’s view of the market, not an independent study. Investors commonly link such premiums to jurisdiction, legal clarity, and access to infrastructure, all of which vary project by project.
The Lannister Mining USA investor presentation, dated June 2026, is available as a PDF on the company’s website and is linked from the investors page of this site. It covers the Basin Gulch project and the company’s plans. To request the investor briefing, use the company’s main website, lannistermining.com.
Prices vary widely by project size, stage, and market. As one public example, Edgemont Gold’s directors page notes that in 2010 AEM completed the acquisition of the Meliadene project for just under $700 million in cash and shares. That is a historical figure for a different company and project, not a Basin Gulch valuation.
Junior exploration companies commonly raise money through private placements of shares. For example, Edgemont Gold’s directors page lists announcements of non-brokered private placements of $190,000 and $703,500. Those are Edgemont figures, not Lannister Mining’s. Lannister’s directors include specialists in private placements, equity raises, and financings.
Jim Greig is CEO and Director of Lannister Mining. He brings more than 25 years of experience advancing projects toward production and 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 the company’s CFO.
The Lannister Mining board includes Jim Greig, Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price, and Will Randall. John Lewins, CEO of K92 Mining Inc., serves as an advisor. Directors bring experience in geology, project management, capital markets, private placements, and mergers and acquisitions.
Lannister Mining is driven by a team with many of the same co-founders or senior executives as K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold. Director Will Randall acquired, discovered, developed and sold the Sal de los Angeles lithium brine project in Argentina for $265M.
Lannister Mining is looking to work with investors and exploration partners. Basin Gulch offers partners a property with more than 320 historical drill holes, near-surface oxide gold-silver mineralization, year-round road access, and roughly two-thirds of its ground still unexplored. Partners should start with the project facts, then request the investor briefing.
Yes. Director Jo Anne Price is an independent geological consultant with more than two decades of experience, including a decade in project management, and holds a BSc and an MSc in geology. Director Will Randall is a professional geologist with more than 20 years in mining and mineral exploration.
Mineral exploration finds and measures mineral deposits, while mining extracts them. Exploration companies drill, trench, and sample to build a resource estimate; mining companies build and operate mines and sell metal. Lannister Mining is at the exploration stage at Basin Gulch, working toward a maiden mineral resource estimate.
Yes, gold prospecting is still active, both as a hobby and as a business. Companies such as Lannister Mining carry out modern exploration with drilling, trenching, and technical reporting, while individuals pan or detect on land where they have permission. Montana, home of Basin Gulch, has a gold history dating to 1852.
Gold is mined on every continent except Antarctica, in countries including the United States, Canada, Australia, and Papua New Guinea. In the United States, most production comes from western states, with Nevada the largest producer. Montana has a gold record dating to its first discovery in 1852 at Gold Creek, near present-day Garrison.
No, not all creeks have gold in them. Gold in creeks comes from eroding gold-bearing rock upstream, so only streams draining mineralized ground carry it, and usually in tiny amounts. Western mining districts, including those in Montana, have a history of placer gold. Always confirm land ownership and claims before panning.
There is no single easiest state, but western states with long mining histories, including Alaska, California, Nevada, and Montana, are the ones most often cited. Montana earned the name the Treasure State from its mineral wealth, with gold first found in 1852 at Gold Creek. Rules for recreational prospecting differ by land type, so check locally.
Gold most often occurs in quartz veins and in altered or oxidized rock near faults and intrusions, and it also collects in stream gravels as placer gold. At Basin Gulch, Lannister Mining describes gold-silver mineralization hosted in oxides near surface, with several historical drill intercepts starting right at surface.
Nevada is the leading gold-producing state in America, according to US Geological Survey production data, and Alaska is also a major producer. Montana has a long gold, silver, and copper history and is known as the Treasure State. Basin Gulch, Lannister Mining’s property, sits in Montana’s historic Philipsburg Mining District.
It depends on who owns the land and the mineral rights. On private land and patented claims, the minerals belong to the owner. On federal land, unpatented claim holders hold the mineral rights to their claims, and recreational rules vary by agency. Basin Gulch is held under patented and unpatented claims, so it is not open to public prospecting.
The largest gold companies are major producers that report hundreds of thousands to millions of ounces a year, and published rankings change annually. For scale, IAMGOLD reported producing 188,100 ounces of gold in Q2 2026, with full-year guidance of 720,000 to 820,000 ounces. Lannister Mining is an exploration company, not a producer.
OceanaGold Corporation is a separate gold mining company that operates producing mines, and its own website is the best source for its current operations. It is not affiliated with Lannister Mining. Lannister Mining is an earlier-stage exploration company focused on the Basin Gulch gold-silver property in Montana.
Montana offers a long mining history, established districts, and infrastructure. Known as the Treasure State for its mineral wealth, it saw its first gold discovery in 1852 at Gold Creek, and silver, copper, nickel and platinum have since been discovered and mined there. Basin Gulch sits in the historic Philipsburg Mining District.
Yes. Lannister Mining is one: a mineral exploration company focused on the Basin Gulch gold and silver property in west-central Montana. Montana is home to large-scale producers in operation today, and the mining industry continues to play an active role in the state’s economy.
The Philipsburg Mining District is a historic mining area in west-central Montana that led the original US silver boom of the late 1800s. The town of Philipsburg provides year-round access to the Basin Gulch property on paved and well-maintained gravel roads, and Butte is about one hour away.
The first gold discovery in what was then the Montana territory occurred in 1852 at Gold Creek, near present-day Garrison. Silver, copper, nickel and platinum were discovered and mined in the years that followed. That history is why Montana is called the Treasure State, and why exploration companies like Lannister Mining work there.
Ready for the detail? Read the Basin Gulch project facts or see the investor materials.