FAQ
Here are plain answers to 43 common questions about Lannister Mining, the Basin Gulch Property, its drilling results, the stages of exploration and investing.
Most ask what the company is, where Basin Gulch is, and what historical drilling found. Lannister Mining is a gold and silver exploration company working at Basin Gulch in Montana, with 64 claims and more than 320 historical drill holes.
Last updated: November 2026
Lannister Mining is a mineral exploration company focused on the Basin Gulch Property in west-central Montana, USA, where it explores for gold and silver. The property includes 11 patented and 53 unpatented claims covering 1,107 hectares, with more than 320 historical drill holes. The company plans further exploration and a maiden mineral resource estimate.
Yes. Lannister Mining explores for gold and silver at its Basin Gulch Property in Montana. It is an exploration company rather than a producer: its stated next milestone is a maiden mineral resource estimate built on historical drilling and new work programs. Its own materials describe the mineralization as high grade, near surface and hosted in oxides.
Yes, its project is in the USA. The Basin Gulch Property sits in the historic Philipsburg Mining District of west-central Montana. The company lists its contact office in Vancouver, British Columbia, Canada, and has published separate investor presentations for Canadian and US audiences.
Lannister Mining explores for gold and silver. At Basin Gulch, historical trench results report both gold (Au) and silver (Ag) grades, and the company describes the target as gold and silver mineralization hosted in oxides near surface. Montana itself has a long record of gold, silver, copper, nickel and platinum discoveries.
Jim Greig is CEO and a Director, with more than 25 years of experience advancing and developing projects toward production. He was a founder, President and Director of Thesis Gold, formerly Benchmark Metals. Kelvin Lee is CFO, with more than 15 years of financial management experience at publicly traded companies, including a TSX-V listed gold producer.
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. Directors include Mario Vetro, a co-founder of K92 Mining; geologists Jo Anne Price and Will Randall; and capital markets professionals Victor Cantore and Max Zaretsky. John Lewins, CEO of K92 Mining, is an advisor.
Lannister Mining lists its contact office on West Georgia Street in Vancouver, British Columbia, Canada. Its exploration work is in the United States, at the Basin Gulch Property near Philipsburg, Montana. Many exploration companies are organized around Canadian capital markets while exploring in other countries, so this pairing is familiar to mining investors.
The Basin Gulch Property is in west-central Montana, USA, in the heart of the historic Philipsburg Mining District. It has year-round access from Philipsburg on paved and well-maintained gravel roads and is about one hour from Butte. The district led the original US silver boom of the late 1800s.
The Basin Gulch Property includes 11 patented claims and 53 unpatented claims, 64 in total, covering 1,107 hectares. A core of patented mining claims is surrounded by unpatented claims. Lannister Mining describes this as a large, consolidated land package with multiple high priority targets near the historic resource area.
A patented claim is land where the federal government has transferred title to a private owner, so the holder owns the surface and minerals. An unpatented claim gives the right to explore and develop minerals on federal land while the government keeps title, and it is maintained with annual filings and fees. The Bureau of Land Management can confirm current rules.
Lannister Mining states that about two-thirds of the Basin Gulch Property is still unexplored. The company says the known gold and silver mineralization is open at depth, open along strike and untested regionally, which is why future drilling is planned both around historical intercepts and on additional target areas within the property.
Lannister Mining describes Basin Gulch as gold and silver mineralization hosted in oxides, near surface, and primarily on patented land. The company says this gives significant implied mine design optimization flexibility. Any processing route would still need confirmation through metallurgical testwork during later technical studies, as with any exploration project.
The Philipsburg Mining District led the original US silver boom in the late 1800s, so the area has a long mining history and established road access. Montana is known as the Treasure State, and the first gold discovery in the Montana territory was in 1852 at Gold Creek, near present-day Garrison. Lannister Mining calls it a safe jurisdiction.
Yes. Lannister Mining states the property has year-round access from Philipsburg, Montana, on paved and well-maintained gravel roads, and that it sits about one hour from Butte. Year-round access matters to exploration partners because it affects when drill programs, sampling and site visits can be scheduled.
More than 320 historical drill holes have been completed at the Basin Gulch Property, according to Lannister Mining. The company plans to use this historical drilling, together with new work programs, in a future maiden mineral resource estimate, after expansion and confirmation drilling of historical intercepts.
Highlight historical intersections listed 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, not a current mineral resource.
Trench highlights listed on the Lannister Mining property page include 62 g/t gold and 32 g/t silver over 159 meters, 4 g/t gold and 23 g/t silver over 146 meters, 5 g/t gold and 54 g/t silver over 34 meters, and 25 g/t gold and 45 g/t silver over 61 meters. They are stated here exactly as the company publishes them.
g/t means grams per tonne: the grams of metal contained in one metric tonne of rock. A result such as 1.8 g/t gold over 162 meters describes the average grade across that length of drill core or trench. Both grade and length matter, because a long interval of moderate grade can matter as much as a short, very high grade one.
No. Historical drill results come from past programs and show where mineralization was found. A mineral resource estimate is a formal model of tonnes and grade prepared by a qualified person under standards such as NI 43-101 or S-K 1300. Lannister Mining plans confirmation drilling of historical intercepts before preparing its maiden mineral resource estimate.
Mineral exploration drilling recovers rock from below the surface so geologists can measure what is there. Diamond core drilling produces solid cylinders of rock, while reverse circulation drilling returns rock chips more quickly and usually at lower cost. Results are reported as grades over lengths, and holes are spaced closer together as a project moves toward a resource estimate.
Mineral exploration is commonly described in stages: target generation, mapping and surface sampling, geophysics and geochemistry, discovery drilling, step-out and infill drilling, a mineral resource estimate, then economic studies, permitting and development. Each stage reduces uncertainty and usually costs more than the last. Many projects stop early because results do not justify the next step.
Basin Gulch sits between historical drilling and a first mineral resource estimate. More than 320 historical holes plus trenching have outlined gold and silver mineralization, and Lannister Mining plans confirmation and expansion drilling to support a maiden estimate. About two-thirds of the property remains unexplored, so earlier stage target work continues alongside the resource work.
A maiden mineral resource estimate is the first formal estimate of the tonnes and grade of mineralization on a project, prepared to a recognized reporting standard. For Lannister Mining, the plan is to combine historical drilling at Basin Gulch with new work programs. The company states that US companies with 43-101 compliant resources trade at a significant premium to peers.
NI 43-101 is the Canadian rule governing how companies disclose scientific and technical information about mineral projects. S-K 1300 is the equivalent US Securities and Exchange Commission rule. Both require a qualified person and define categories for resources and reserves. Lannister Mining states there is a clear market premium for compliant gold and silver ounces in the USA.
Lannister Mining states that future drilling will concentrate on additional mineralized target areas within the property, alongside expansion and confirmation drilling of historical intercepts. The aim is to support a maiden mineral resource estimate and to test ground that remains open at depth, along strike and regionally. The latest investor presentation carries current program details.
Mineral exploration usually takes years, and the path from discovery to a producing mine commonly takes a decade or more, depending on drilling results, studies, permitting and financing. Projects with extensive historical drilling, such as Basin Gulch, start with more data, but that data still needs confirmation. The Lannister Mining investor presentation is the place to check current plans.
Mining companies conduct mineral exploration to find and define deposits that may one day be mined economically, and producers explore to replace the ounces they mine each year. For exploration companies like Lannister Mining, exploration is the business itself: each drill program and estimate aims to turn known mineralization into a defined, reportable resource.
Lannister Mining publishes its investor presentations on lannistermining.com. The most recent US version is the June 2026 gold and silver presentation, linked from the investors page of this site, and the company also lists a Canadian presentation. The presentation is the company's own summary of the Basin Gulch Property, its team and its plans.
Lannister Mining states that there is a clear premium in the market for S-K 1300 and NI 43-101 compliant gold and silver ounces in the USA, and that US-based companies with 43-101 compliant resources trade at a significant premium to peers. That is the company's view, and the reason a maiden resource estimate is its central goal.
Gold exploration companies carry high risk. Drilling may not confirm historical results, a resource may prove smaller than hoped, studies may not show economic viability, and raising money can dilute shareholders. Metal prices swing too: Sprott reports a 25.3% peak-to-trough drawdown in gold from March 2 through July 16, 2026. Read company disclosures and seek independent advice.
No. This site is published by Lannister Mining to explain the company and the Basin Gulch Property in plain language. It does not recommend buying or selling any security. Figures come from the company's own published materials or from named public sources. Read the official Lannister Mining disclosures and speak with a licensed advisor before any investment decision.
The Lannister Mining invest page lists Ken Cotiamco as its representative for investor enquiries. The main company website, lannistermining.com, carries current investor presentations, team details and company information, and it is the official source for any update to the facts summarized on this site.
Gold prices shape investor appetite and the value placed on ounces in the ground. Sprott reports gold reached an all-time high of $5,595 per ounce in January, followed by a 25.3% drawdown from March 2 to July 16, 2026. Over a longer span, Farmonaut, citing USGS, reports the average gold price rose from US$1,801 in 2021 to about US$3,300 in 2025.
A gold exploration company looks for and defines deposits but does not sell metal, so its value rests on drill results and future potential. A producer operates mines and earns revenue. For example, The Motley Fool reports Barrick set a policy in early 2026 to pay out about 50% of its free cash flow in dividends. Lannister Mining is an explorer.
They offer different exposure. A gold miners exchange traded fund, such as the VanEck Gold Miners ETF (GDX), holds shares in many mining companies, which spreads company risk. A single exploration company such as Lannister Mining gives concentrated exposure to one project, Basin Gulch, so results from that property drive the outcome. Which fits depends on your goals.
They are at very different stages. Farmonaut, citing Barrick, reports the four Nevada Gold Mines sites produced about 2.59 million ounces in 2025, roughly half of US output, and cites USGS that Nevada made about 64% of US gold. Basin Gulch is a Montana exploration property working toward its first mineral resource estimate, with no production.
Most US gold output comes from a few states. Farmonaut, citing the USGS Mineral Commodity Summaries 2026, reports more than 40 lode gold mines in 12 states produced about 160 tonnes in 2025, worth about US$17 billion, with Nevada making about 64% and Alaska about 22%. Montana, home of Basin Gulch, recorded its first gold discovery in 1852.
No. Lannister Mining focuses on one property, Basin Gulch in Montana, USA. Readers searching for gold exploration companies in Canada, on the ASX, in Ghana or in India will need other sources. For Canadian context, Natural Resources Canada reports preliminary exploration expenditures rose 4% in 2025 to $4.4 billion, after $4.2 billion in 2024.
No. Size mostly reflects stage: producers are larger because they operate mines, while explorers are smaller and carry more risk. This site does not rank companies, because the available facts do not support a fair ranking. Compare companies on the same criteria instead: stage, jurisdiction, quality of data, team and plans for the next milestone.
Yes. This site is written for investors and industry partners, and Lannister Mining wants exploration partners to understand Basin Gulch clearly. The property offers a consolidated 64 claim package, more than 320 historical drill holes and roughly two-thirds of its ground still unexplored. Partnership discussions run through the company itself, and lannistermining.com is its official channel.
This site gathers the published facts partners usually ask for first: claim count and area, land status, access, historical drill and trench highlights, the planned maiden resource estimate, and the management team and board. Drill contractors, geological consultants and potential partners can use these pages to judge fit before reviewing the full investor presentation.
The main Lannister Mining website, lannistermining.com, is the official source for company announcements, investor presentations and updates. This site summarizes the company and the Basin Gulch Property and is refreshed when facts change. Each page shows a Last updated date, so readers can see how current the information is before relying on it.
Each company figure on this site comes from Lannister Mining's published materials, and each market statistic names its source, such as PwC, Natural Resources Canada, Sprott, The Motley Fool or Farmonaut citing USGS. Follow the source links to read the original. Where the company updates a figure, its main website takes priority over this summary.
Back to the overview of Lannister Mining among gold exploration companies.
The full Lannister Mining summary of Basin Gulch, its team and its plans, published on lannistermining.com.
Published by Lannister Mining
