Lannister Mining FAQ
Last updated: November 2026
Here are 45 plain answers about Lannister Mining, the Basin Gulch Property, how gold exploration works and how investors and exploration partners can assess it.
Lannister Mining is a mineral exploration company exploring the Basin Gulch Property for gold and silver in west-central Montana. The property includes 11 patented and 53 unpatented claims with more than 320 historical drill holes, and the company plans further exploration and resource development.
Lannister Mining is a mineral exploration company exploring the Basin Gulch Property for gold and silver in west-central Montana. The property covers 11 patented and 53 unpatented claims totaling 1,107 hectares, with more than 320 historical drill holes. The company plans further exploration and resource development toward a Maiden Mineral Resource Estimate.
Lannister Mining is a gold exploration company, not a producer, and it does not operate a mine. Its work centers on confirming and expanding historical drill results at Basin Gulch so they can support a Maiden Mineral Resource Estimate, the step that comes before economic studies or any development decision.
Lannister Mining lists its office at 1500 - 1055 West Georgia Street, Vancouver, BC, Canada V6E 4N7. Its exploration asset, the Basin Gulch Property, sits in west-central Montana, with year-round access from Philipsburg and about one hour from Butte.
Jim Greig is CEO and a director, and Kelvin Lee is CFO. The board includes Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall, and John Lewins, CEO of K92 Mining, is an advisor. Many on the team were co-founders or senior executives at K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold.
Lannister Mining is exploring for gold and silver. Historical drilling at Basin Gulch reported gold intercepts, and historical trench samples reported both gold and silver values. The company describes the mineralization as high grade, near surface and hosted in oxides, which it says gives significant implied flexibility for future mine design.
The Basin Gulch Property is in the historic Philipsburg Mining District of west-central Montana, a district that led the original US silver boom in the late 1800s. It has year-round access from Philipsburg on paved and well-maintained gravel roads and is about one hour from Butte.
The Basin Gulch Property covers 1,107 hectares across 11 patented and 53 unpatented mining claims. A core of patented claims is surrounded by unpatented claims, and Lannister Mining reports multiple high priority targets near the historic resource area. Two-thirds of the property has not yet been explored.
A patented claim is one where the US federal government has passed full title to the claim holder, so it is private land. An unpatented claim gives the right to explore and develop minerals on federal land while the government keeps title. Basin Gulch is primarily on patented land. The US Bureau of Land Management can confirm claim rules.
More than 320 historical drill holes have been completed at the Basin Gulch Property. Lannister Mining reports that the mineralization remains open at depth and along strike and that the wider region is untested, so the historical holes cover only part of the property.
Highlight historical intercepts include 1.8 g/t Au over 162 meters from surface, 0.66 g/t Au over 326 meters from surface and 3.2 g/t Au over 72 meters from surface. Narrower high grade intervals include 156 g/t Au over 3 meters and 25 g/t Au over 14 meters. These are historical results, not a current resource.
Two-thirds of the Basin Gulch Property is still unexplored, according to Lannister Mining. That means most of the 1,107 hectare land package has not been tested, which is why the company describes significant exploration upside beyond the area covered by more than 320 historical drill holes.
Yes, several highlight results start at surface. Historical intercepts of 1.8 g/t Au over 162 meters, 0.66 g/t Au over 326 meters and 3.2 g/t Au over 72 meters were all reported from surface. Lannister Mining describes the gold and silver mineralization as high grade, near surface and oxide-hosted.
Yes. The Basin Gulch Property has year-round access from Philipsburg, Montana on paved and well-maintained gravel roads, and it is about one hour from Butte. Year-round access matters for exploration because drilling and field crews can work across more of the calendar.
No. Lannister Mining states that Basin Gulch has seen significant historical work but has not been mined out. The historical record is mainly drilling and trenching, more than 320 drill holes, rather than extraction, which is why the company sees it as a resource development opportunity.
Gold exploration is the search for, and testing of, gold deposits that could one day be economic to mine. It moves from mapping and sampling through drilling to a formal resource estimate. At Basin Gulch, Lannister Mining is combining historical drilling with new work programs toward a Maiden Mineral Resource Estimate.
The stages of mineral exploration generally run from target generation, to surface work such as mapping, sampling, trenching and geophysics, to discovery and definition drilling, then resource estimation, economic studies and permitting. Basin Gulch has historical drilling and trenching and is advancing toward its first resource estimate.
A Maiden Mineral Resource Estimate is the first formal estimate of the tonnes and grade of mineralization on a property, prepared under a recognized reporting standard by a qualified person. For Lannister Mining, it would draw on historical drilling at Basin Gulch plus new expansion and confirmation drilling.
National Instrument 43-101 is the Canadian standard for disclosing scientific and technical information about mineral projects, and it requires that information to be prepared by or under a qualified person. Lannister Mining states there is a clear market premium for NI 43-101 compliant gold and silver ounces in the USA.
S-K 1300 refers to the US Securities and Exchange Commission rules for disclosing mining properties, under which a qualified person prepares a technical report summary. Lannister Mining states there is a clear market premium for SK1300 compliant gold and silver ounces in the USA. The SEC website has the full rule text.
Historical data often predates current reporting standards, so it usually cannot support a compliant resource on its own. Confirmation drilling tests or twins historical intercepts to verify grades and widths. Lannister Mining plans expansion and confirmation drilling of historical intercepts at Basin Gulch before a Maiden Mineral Resource Estimate.
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 rock along that 162 meter drilled interval averaged 1.8 grams of gold per tonne. The interval is a drilled length, which may differ from the true width of the mineralized zone.
Oxide-hosted gold sits in rock that has been weathered and oxidized near surface. Oxide material is generally simpler to process than unoxidized sulphide material, although actual recoveries depend on metallurgical testing. Lannister Mining reports that Basin Gulch mineralization is hosted in oxides and sits near surface.
It means drilling has not yet found the edges of the mineralized zone in those directions, so it may continue deeper or further along its length. Lannister Mining reports that Basin Gulch is open at depth, along strike and untested regionally, which is why future drilling targets expansion.
Trenching means digging shallow trenches to expose bedrock so geologists can sample it continuously across a zone. Historical trench highlights at Basin Gulch include 4 g/t Au and 23 g/t Ag over 146 meters and 5 g/t Au and 54 g/t Ag over 34 meters, as reported by Lannister Mining.
Investors value a gold exploration company on the quality and scale of its mineralization, its jurisdiction, its stage, its team and its funding. Before a resource exists, drill results, land position and comparable companies carry the most weight. Lannister Mining notes that US companies with 43-101 compliant resources trade at a significant premium to peers.
Lannister Mining is for investors who want exposure to a US gold and silver exploration asset in a historic mining district, and for exploration partners interested in an under-explored land package with a large historical drill database. Basin Gulch combines more than 320 historical holes with two-thirds of the property still unexplored.
Lannister Mining states that there is a clear market premium for SK1300 and NI 43-101 compliant gold and silver ounces in the USA, and that US companies with 43-101 compliant resources trade at a significant premium to their peers. These are the company’s own statements, so investors should check comparable companies themselves.
Lannister Mining released a USA investor presentation dated June 2026, available as a PDF on its main website at lannistermining.com. The company also lists a Canadian investor presentation. The news page on this site links directly to the June 2026 USA presentation.
Basin Gulch offers a partner a consolidated 1,107 hectare land package with a patented core, more than 320 historical drill holes to build on, multiple high priority targets and two-thirds of the ground still unexplored. Year-round road access from Philipsburg keeps field programs practical across the seasons.
Exploration is high risk. Drilling may not find an economic deposit, historical results may not be confirmed, companies usually need new capital to fund programs, and metal prices and permitting can change outcomes. These risks apply to Lannister Mining as to any explorer. Nothing on this site is investment advice.
No current compliant mineral resource is reported on this site. Lannister Mining plans to use historical drilling and new work programs at Basin Gulch for a future Maiden Mineral Resource Estimate, after expansion and confirmation drilling of historical intercepts.
Lannister Mining is focused on a single property, Basin Gulch, rather than a portfolio. The property sits primarily on patented land, is oxide-hosted and has more than 320 historical drill holes. Many US mineral exploration companies hold several projects at once. The comparison page on this site sets out these differences on the same criteria.
A producer sells metal from operating mines, while an explorer spends money to find and define deposits. Goldgroup Mining, for example, describes four 100%-owned assets including two producing mines, according to goldgroupmining.com. Lannister Mining is at the exploration stage at Basin Gulch.
There is no single official list of top gold exploration companies; published rankings sort by market value, production or resources and change often. This site does not rank explorers. It compares companies on stated criteria such as stage, asset count and jurisdiction, and it is published by Lannister Mining.
It depends on what you want. Producers suit investors who want exposure to current metal sales and cash flow. Explorers such as Lannister Mining suit investors who accept higher risk for the chance that drilling defines a new resource. Many investors hold both. Speak with a licensed advisor about your situation.
Nevada hosts many larger portfolios. Hecla states its Nevada portfolio makes up 22% of its exploration budget and that 90% of one district remains unexplored with modern methods, according to hecla.com. Basin Gulch is a single Montana property where Lannister Mining reports two-thirds of the ground is unexplored.
Ken Cotiamco is the investor relations representative listed by Lannister Mining. The company lists the investor relations phone number as 604-687-7130 and the email as IR@lannistermining.com, with its office at 1500 - 1055 West Georgia Street, Vancouver, BC.
Montana has a long mining history: the first gold discovery in the Montana territory was in 1852 at Gold Creek, near present-day Garrison, and silver, copper, nickel and platinum have since been mined there. Lannister Mining describes Basin Gulch as a safe jurisdiction in the historic Philipsburg Mining District.
Philipsburg, Montana is the access point for the Basin Gulch Property, reached on paved and well-maintained gravel roads. Butte, Montana is about one hour away. Both towns are part of the region’s long mining history, and Philipsburg lends its name to the surrounding mining district.
Company updates appear on the news page of this site and on the Lannister Mining main website at lannistermining.com. The most recent update listed here is the June 2026 USA investor presentation. Material news for a listed company is also normally filed through its regulatory filing channels.
Spending is large in aggregate. Natural Resources Canada reports that Canadian mineral exploration expenditures increased 4% in 2025 to $4.4 billion, and that junior exploration companies spent $2.11 billion in 2024. Lannister Mining has not published a budget figure on this site.
Historical drill results are useful for targeting but need verification before they can support a compliant resource, because sampling, assay and survey methods may not meet current standards. That is why Lannister Mining plans confirmation drilling of historical intercepts at Basin Gulch alongside expansion drilling.
A drill hole rarely crosses a mineralized zone at a right angle, so the length of mineralized core can be longer than the zone’s true thickness. Results at Basin Gulch, such as 1.8 g/t Au over 162 meters, are reported as drilled lengths. True widths are normally confirmed through later modelling.
If new drilling does not reproduce historical grades or widths, a company typically adjusts its geological model, may exclude unverified data from a resource estimate and refocuses targets. This is a normal exploration risk. Lannister Mining reports results from its own programs through its company news channels.
Requirements depend on land status. Work on federal land, such as unpatented claims, generally involves the Bureau of Land Management or Forest Service, while state rules administered by the Montana Department of Environmental Quality also apply to exploration. Check current rules directly with those agencies for any specific program.
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