The propertyLast updated: November 2026Published by Lannister Mining
Basin Gulch is a gold and silver exploration property in west-central Montana, explored by Lannister Mining.
It is primarily on patented land, hosted in oxides, and has seen more than 320 historical drill holes. Lannister Mining reports the mineralization is open at depth, along strike and untested regionally, with about two-thirds of the property still unexplored.
Basin Gulch is near Philipsburg, Montana, about one hour from Butte, with year-round access on paved and well-maintained gravel roads.
Year-round access lets exploration crews, drill rigs and geologists work the site in every season, which matters when planning drilling programs. The property lies in the historic Philipsburg Mining District.
Lannister Mining describes high-grade gold-silver mineralization near surface at Basin Gulch, hosted in oxides. Several historical intercepts start from surface, including 1.8 g/t gold over 162 meters and 0.66 g/t gold over 326 meters.
The company says near-surface mineralization gives significant implied flexibility for future mine design optimization. That is a company view, not a study result: no mine design or economic study has been published.
About two-thirds of the Basin Gulch property is still unexplored, according to Lannister Mining. The known mineralization is open in multiple directions and at depth.
Lannister Mining says future drilling will concentrate on additional mineralized target areas within the property, alongside confirmation of historical intercepts. The company describes multiple high priority targets near the historic resource area.
As published by Lannister Mining, as of November 2026.
| Topic | Current position | Next step |
|---|---|---|
| Drilling | More than 320 historical drill holes | Confirmation and expansion drilling |
| Mineral resource | No current compliant estimate published | Maiden Mineral Resource Estimate |
| Land | Patented core with unpatented claims around it | Test targets across the package |
| Unexplored ground | About two-thirds of the property | Regional exploration of new targets |
Part of our guide to Lannister Mining among mineral exploration companies in the USA and the Basin Gulch project.
Short answers here. Every question links to the full Basin Gulch FAQ.
Basin Gulch is in west-central Montana, in the historic Philipsburg Mining District. Lannister Mining describes year-round access from Philipsburg, Montana on paved and well-maintained gravel roads, and the property is about one hour from Butte. That access matters for exploration because crews and equipment can reach the site in every season.
Gold and silver are the focus at Basin Gulch. Lannister Mining reports gold-silver (Au-Ag) mineralization that is near surface and hosted in oxides. Historical trench results list both gold and silver grades, while the highlighted historical drill intercepts are reported as gold grades in grams per tonne.
No. Basin Gulch is an exploration-stage project, not a producing mine. Lannister Mining describes the property as one that has seen significant historical work but has not been mined out. The stated next milestone is a future Maiden Mineral Resource Estimate built on historical drilling and new work programs.
It means the gold and silver sit close to the ground surface in rock that weathering has oxidized. Several highlighted Basin Gulch drill intercepts start at surface, such as 1.8 g/t gold over 162 meters. Lannister Mining notes that this near-surface position implies significant flexibility for future mine design optimization.
Roughly one third. Lannister Mining states that two-thirds of the Basin Gulch property is still unexplored. The mineralization is described as open at depth, open along strike, and untested regionally, which means historical drilling has not yet defined the limits of the mineralized system.
No public access is offered. Basin Gulch is an exploration property, not a recreation site, and any investor or partner visit would need to be arranged with Lannister Mining. People looking for recreational gold panning in Montana should look for designated public areas, such as the Libby Creek Recreational Gold Panning Area in northwest Montana.
Lannister Mining investor relations: Ken Cotiamco, 604-687-7130, IR@lannistermining.com
Published by Lannister Mining
