FAQ
Answers to 45 questions about Lannister Mining, the Basin Gulch Property, gold exploration companies, investing and the environment.
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The short answer
Lannister Mining is a mineral exploration company advancing the Basin Gulch Property, a near-surface gold and silver project in west-central Montana with more than 320 historical drill holes and 1,107 hectares of claims.
Lannister Mining is a mineral exploration company focused on the Basin Gulch Property, a gold and silver project 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.
Lannister Mining lists its office at Suite 1500, 1055 West Georgia Street, Vancouver, BC, Canada V6E 4N7. Its exploration focus is in the United States: the Basin Gulch Property sits near Philipsburg in west-central Montana, about one hour from Butte.
Lannister Mining explores the Basin Gulch Property for gold and silver. The company says it will combine historical drilling with new work programs toward a future Maiden Mineral Resource Estimate, and that future drilling will concentrate on additional mineralized target areas within the property.
Jim Greig is CEO and a director, with more than 25 years of experience advancing and developing projects. Kelvin Lee is CFO, with over 15 years of financial management experience at publicly traded companies. The board includes Mario Vetro, Victor Cantore, Max Zaretsky, Jo Anne Price and Will Randall.
The company says many of its co-founders or senior executives held the same roles at K92 Mining, Fosterville South Exploration, Arena Minerals and Thesis Gold. Advisor John Lewins is CEO of K92 Mining, and CEO Jim Greig was a founder, President and Director at Thesis Gold, formerly Benchmark Metals.
No. Lannister Mining describes itself as a mineral exploration company. Basin Gulch is at the exploration stage, and the company has not yet published a Maiden Mineral Resource Estimate. The company notes the property has not been mined out, which leaves the historical mineralization in place for future evaluation.
The Basin Gulch Property is in west-central Montana, in 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, Montana.
The land package covers 1,107 hectares and includes 11 patented claims and 53 unpatented claims. The property is underlain by a core of patented mining claims surrounded by unpatented mining claims, and Lannister Mining reports multiple high priority targets near the historic resource.
More than 320 historical drill holes have been completed at Basin Gulch, 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.
Basin Gulch hosts near-surface gold-silver mineralization in oxides, according to the company. Lannister Mining says the mineralization is open at depth, along strike and in multiple directions, and is untested regionally. The company also notes that near-surface mineralization implies flexibility in future mine design optimization.
Lannister Mining reports that about two-thirds of the Basin Gulch Property is still unexplored. That ground, together with mineralization that remains open at depth and along strike, is what the company refers to as the exploration upside of the project.
Highlight historical intersections published 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.
A patented mining claim is one where the US federal government has transferred title to the land, so it is held as private property. Lannister Mining says Basin Gulch is primarily on patented land, with a core of 11 patented claims surrounded by 53 unpatented claims.
Lannister Mining highlights significant historical work of more than 320 drill holes, a consolidated 1,107 hectare land package, a location in the historic Philipsburg Mining District and an experienced team. The company describes Basin Gulch as an asset that has not been mined out and sits in a premium jurisdiction.
The company states that there is a clear market premium for S-K 1300 and NI 43-101 compliant gold and silver ounces in the USA, and that US-based companies with compliant resources trade at a significant premium to peers. That is the company view; investors should review the investor presentation and do their own research.
The June 2026 USA investor presentation is published as a PDF on the Lannister Mining website at lannistermining.com. It is linked from the Investors page of this site. A Canadian version is also referenced on the company website.
Most investors value a gold exploration company on the quality of its project rather than earnings, since explorers usually have no revenue. Common checks include grade and width of drill results, how much ground is untested, jurisdiction, land tenure, the path to a compliant resource, and the track record of management.
Exploration investing is high risk. Drill programs may not confirm historical results, resources may be smaller than hoped, gold prices move sharply, and explorers usually raise money by issuing shares. Sprott reported a 25.3% peak-to-trough drawdown in gold from March 2 to July 16, 2026, showing how volatile the metal can be.
Investor enquiries are handled by Ken Cotiamco, according to the company website. The listed investor relations phone number is 604-687-7130 and the email address is IR@lannistermining.com.
A gold exploration company searches for and tests gold deposits before any mine is built. It acquires mineral claims, maps and samples the ground, drills targets and works toward a compliant mineral resource estimate. Lannister Mining is a gold exploration company working on the Basin Gulch Property in Montana.
Gold exploration is the work of finding and defining gold deposits. It typically moves from mapping and sampling, to trenching and drilling, to a mineral resource estimate. At Basin Gulch, historical trenching and more than 320 drill holes have already been completed, according to Lannister Mining.
An exploration company finds and defines deposits, while a mining company or producer extracts and sells metal. Producers report ounces, revenue and costs. Explorers report drill results, land holdings and resource estimates. Lannister Mining is an explorer; producers such as Coeur Mining and IAMGOLD report quarterly production and revenue.
A maiden mineral resource estimate is the first formal estimate of the tonnage and grade of a deposit, prepared under a reporting standard. In the US that is S-K 1300; in Canada it is NI 43-101. Lannister Mining plans one for Basin Gulch after expansion and confirmation drilling.
g/t means grams per tonne, the amount of gold in a tonne of rock. A result such as 1.8 g/t gold over 162 meters, published by Lannister Mining for Basin Gulch, describes both grade and the length of the intercept. Longer intervals near surface are often of interest for open pit evaluation.
Oxide mineralization is rock that has been weathered near surface, so sulfide minerals have broken down. In general, oxide gold can be easier to process than sulfide-hosted gold. Lannister Mining reports that Basin Gulch mineralization is hosted in oxides and sits near surface.
There is no single official ranking of top gold exploration companies; lists change with market value, results and stage. This site compares companies by stage using sourced public facts on the Companies Compared page. It is published by Lannister Mining, so it presents Lannister alongside others rather than as an independent ranking.
Nevada is by far the larger US gold producer. Farmonaut, citing USGS data, reports Nevada made about 64% of US gold and Alaska about 22% in 2025. Montana is known as the Treasure State and has a mining history going back to the first gold discovery at Gold Creek in 1852.
Lannister Mining states that US-based companies with compliant resources trade at a significant premium compared to peers. Separately, Farmonaut citing USGS data reports US mine output fell from 187 tonnes in 2021 to 160 tonnes in 2025 while the average gold price rose from US$1,801 to about US$3,300 per ounce.
It depends on risk tolerance. Producers have revenue and reported costs, so results are easier to measure. Explorers have no production but can re-rate if drilling defines a resource. Investors seeking earnings may prefer producers; those seeking discovery exposure and accepting higher risk may consider explorers such as Lannister Mining.
Lannister Mining is an exploration company whose project is in the USA. The Basin Gulch Property is in west-central Montana, while the company office is in Vancouver, Canada. It is exploring for gold and silver rather than operating a mine.
Yes. Lannister Mining reports year-round access to Basin Gulch from Philipsburg, Montana, on paved and well-maintained gravel roads. The property is about one hour from Butte, which the company says makes the site accessible and open for business.
The Philipsburg Mining District led the original US silver boom in the late 1800s, according to Lannister Mining. Basin Gulch sits in the heart of this historic district in west-central Montana.
Montana is known as the Treasure State because of its wealth of mineral resources and a history built on mining. 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 have since been discovered and mined.
Farmonaut, citing the USGS Mineral Commodity Summaries 2026, reports that more than 40 lode gold mines in 12 states produced an estimated 160 tonnes of gold in 2025, worth about US$17 billion. US mine output was 187 tonnes in 2021 by the same source.
Sprott reports gold reached an all-time high of $5,595 per ounce in January, followed by a 25.3% peak-to-trough drawdown from March 2 through July 16, 2026. Sprott also reported a 30% rally in gold miners in August. Check live prices before making decisions.
Mining can disturb land, water, habitat and air through clearing, excavation, waste rock and processing. Impacts vary by stage: exploration typically disturbs far less ground than an operating mine. In the United States, mining and exploration are regulated by state and federal agencies that require permits and reclamation.
Exploration has a smaller footprint than mining, but it still involves access roads, drill pads, trenches and water use. These sites are generally reclaimed after work. For specific environmental plans at Basin Gulch, contact Lannister Mining investor relations, as detailed plans are not published on this site.
Lannister Mining reports the property already has year-round access from Philipsburg on paved and well-maintained gravel roads. Existing access generally limits the new disturbance needed to reach a project. Details of any on-site trails or drill pad construction are not published here; confirm with the company.
In general, exploration on private and state land in Montana is overseen by the Montana Department of Environmental Quality, while work on federal land also involves federal land managers. Requirements depend on land status, so confirm the specific permits for Basin Gulch with Lannister Mining.
In the US alone, Farmonaut citing the USGS reports 160 tonnes produced in 2025, worth about US$17 billion. Large producers report big numbers: Coeur Mining reported record Q2 2026 revenue of $1.1 billion, and IAMGOLD reported Q2 2026 production of 188,100 ounces of gold.
Start with the Basin Gulch Property and Technical Summary pages on this site, then read the June 2026 USA investor presentation on the company website at lannistermining.com. The Team page covers management, the board of directors and advisors.
Exploration partners and service providers can reach the company by phone at 604-687-7130 or by email at IR@lannistermining.com, according to the company website. The office is at Suite 1500, 1055 West Georgia Street, Vancouver, BC.
Lannister Mining reports a consolidated 1,107 hectare land package, more than 320 historical drill holes, about two-thirds of the property still unexplored and multiple high priority targets near the historic resource. Year-round road access from Philipsburg supports field programs.
Company news, press releases and investor materials are published on the Lannister Mining website at lannistermining.com. The News page on this site lists the latest investor material, currently the June 2026 USA investor presentation.
This website is published by Lannister Mining. It presents the company, the Basin Gulch Property and general information about gold exploration. Facts about the company come from Lannister Mining; industry figures are credited to the sources that published them.
Want the full picture? Start with the Lannister Mining overview or the Basin Gulch Property.