Published by Lannister Mining
Lannister Mining is one of the gold exploration companies working in the USA, exploring for gold and silver at the Basin Gulch Property in west-central Montana.
Lannister Mining holds 11 patented and 53 unpatented claims at Basin Gulch, covering 1,107 hectares, with more than 320 historical drill holes. The company describes the gold and silver mineralization as near surface and hosted in oxides, and it is working toward a maiden mineral resource estimate.
Last updated: November 2026
Lannister Mining is focused on a single, consolidated US property with a large body of historical work already done. More than 320 drill holes, a core of patented land and year-round road access mean Basin Gulch starts with data most early explorers do not have. About two-thirds of the property is still unexplored.
Basin Gulch suits investors and partners who want exposure to US gold and silver at the stage between historical drilling and a first resource estimate, in a district with a long mining record. It is a narrower fit for anyone seeking dividends, current production or a spread across many projects. For those goals, a producer or a diversified gold miners fund is the more natural choice.
A gold exploration company is a business that searches for gold deposits and measures them through mapping, sampling and drilling, with the goal of defining a resource that could one day be mined. It does not sell metal. Lannister Mining is a gold exploration company in this sense: it explores for gold and silver at Basin Gulch in Montana and has not yet reported a mineral resource estimate.
Explorers create value by turning uncertain mineralization into reportable ounces. That is why the next milestone for Lannister Mining is a maiden mineral resource estimate, built on historical drilling and new work. Producers, by contrast, earn revenue from operating mines.
Figures as published by Lannister Mining, as of November 2026.
| Criterion | Lannister Mining | Barrick (Nevada Gold Mines) |
|---|---|---|
| Type of company | Gold and silver exploration company | Gold mining company and producer |
| Asset compared | Basin Gulch Property, west-central Montana | Nevada Gold Mines, four sites in Nevada |
| Stage | Pre-resource: historical drilling, maiden mineral resource estimate planned | Producing mines |
| Key published scale figure | 11 patented and 53 unpatented claims, 1,107 hectares, more than 320 historical drill holes | About 2.59 million ounces produced in 2025 (100% basis), roughly half of US output |
| Returns to shareholders | Not applicable at exploration stage | Policy set in early 2026 to pay out about 50% of free cash flow in dividends |
| What drives value | Confirming historical results, a maiden resource estimate, new discoveries on unexplored ground | Production, costs, metal prices, reserves |
| Source | Lannister Mining property and home pages | Farmonaut (citing Barrick); The Motley Fool |
Read the full explorer vs producer comparison for how each criterion was chosen.
This sequence reflects the plan Lannister Mining describes: historical drilling and new work programs feed a future maiden estimate, while future drilling concentrates on additional mineralized targets. See the exploration plans.
Mineral exploration companies are judged first on where they work. A project in a jurisdiction with clear rules, roads and a mining history is easier to drill, permit and finance. Basin Gulch sits in the heart of the historic Philipsburg Mining District, which led the original US silver boom in the late 1800s.
Montana is known as the Treasure State. The first gold discovery in the Montana territory came in 1852 at Gold Creek, near present-day Garrison, and silver, copper, nickel and platinum have since been discovered and mined there. Lannister Mining describes the setting as a safe jurisdiction.
Lannister Mining says its team includes many of the same co-founders or senior executives as K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold. CEO Jim Greig brings more than 25 years of experience advancing projects toward production, and CFO Kelvin Lee brings more than 15 years of financial management at publicly traded companies.
The full Lannister Mining summary of Basin Gulch, its team and its plans, published on lannistermining.com.
Published by Lannister Mining
