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Montana Gold Exploration GuideBasin Gulch, west-central Montana
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Property fact sheetPublished by Lannister MiningLast updated: November 2026

The Basin Gulch gold and silver property in Montana

Basin Gulch is a gold and silver exploration property near Philipsburg in west-central Montana, explored by Lannister Mining, with more than 320 historical drill holes into near-surface, oxide-hosted mineralization.

The property sits primarily on patented land, is open at depth and along strike, and is untested regionally. Lannister Mining says it has potential to host a significant maiden mineral resource estimate after expansion and confirmation drilling of historical drill intercepts.

Map of Montana marking the location of the Basin Gulch Property
Location of the Basin Gulch Property in Montana, from Lannister Mining's property materials.

Where is Basin Gulch, and what has been found there?

Basin Gulch lies in the heart of the historic Philipsburg Mining District, about one hour from Butte, with year-round access from Philipsburg on paved and well-maintained gravel roads. Historical drilling and trenching found gold and silver mineralization starting at surface, including 1.8 g/t gold over 162 meters from surface.

The property is built around a core of patented mining claims surrounded by unpatented mining claims. Lannister Mining reports multiple high-priority targets near the historic resource area, and says about two-thirds of the property has still not been explored.

Basin Gulch fact sheet

Basin Gulch at a glance

Location
West-central Montana, Philipsburg Mining District
Explorer
Lannister Mining
Metals
Gold and silver
Host
Oxides, near surface
Land package
1,107 hectares (about 2,735 acres)
Claims
11 patented, 53 unpatented
Historical drilling
More than 320 drill holes
Unexplored ground
About two-thirds of the property
Access
Year-round from Philipsburg; about one hour from Butte
Next milestone
Maiden mineral resource estimate
Terrain at the Basin Gulch Property
Ground at Basin Gulch. Lannister Mining reports the property has not been mined out.

What did historical drilling at Basin Gulch find?

Lannister Mining lists these highlight drill hole intersections from historical work at Basin Gulch. They are historical results and are not a mineral resource. The company plans confirmation drilling so they can support a future estimate.

Historical Basin Gulch drill highlights, as reported by Lannister Mining
Gold gradeInterval lengthStarting depth
1.8 g/t gold162 meters (531.5 feet)From surface
0.66 g/t gold326 meters (1,069.6 feet)From surface
3.2 g/t gold72 meters (236.2 feet)From surface
156 g/t gold3 meters (9.8 feet)Not stated
25 g/t gold14 meters (45.9 feet)Not stated

g/t means grams of gold per metric tonne of rock. Long intervals that start at surface describe broad, shallow mineralization; short, high-grade intervals describe richer zones within it. Trenching also returned gold and silver over lengths of up to 159 meters, per Lannister Mining.

Basin Gulch property maps

Basin Gulch property map showing claims and drilling areas
Basin Gulch property map, from Lannister Mining's property materials.
Second Basin Gulch property map from the company's materials
Additional Basin Gulch map, from Lannister Mining's property materials.

How will Basin Gulch get to a maiden mineral resource estimate?

Lannister Mining says historical drilling and new work programs will be used in a future maiden mineral resource estimate, and that future drilling will concentrate on additional mineralized target areas. In practice, that path usually runs in five steps.

  1. Step 1

    Confirm the historical intercepts

    Drill new holes alongside historical ones so a qualified person can rely on the older data.

  2. Step 2

    Expand the known mineralization

    Step out at depth and along strike, where Lannister Mining reports the mineralization remains open.

  3. Step 3

    Test new target areas

    Drill additional mineralized target areas across the roughly two-thirds of the property that is unexplored.

  4. Step 4

    Combine historical and new data

    Bring the 320+ historical holes and new work programs into one geological model.

  5. Step 5

    Publish a maiden mineral resource estimate

    Release the first formal resource statement for Basin Gulch under a recognized reporting code.

See how this fits the stages of mineral exploration or go back to the guide to mineral exploration companies in the USA.

How we chose what to include

This page was written by Lannister Mining, the company that publishes this guide and explores Basin Gulch. Every project fact comes from Lannister Mining's own published materials. Market statistics are quoted as published, with their source named beside them. We do not rank other exploration companies, because we do not hold the same kinds of facts for them.

Read the full methodology

Common questions

How many drill holes have been completed at Basin Gulch?

More than 320 historical drill holes have been completed at Basin Gulch, according to Lannister Mining. Those holes tested near-surface gold and silver mineralization. The company says historical drilling and new work programs will feed a future maiden mineral resource estimate, after expansion and confirmation drilling of historical intercepts.

See this answer in the full FAQ

How big is the Basin Gulch land package?

The Basin Gulch land package covers 1,107 hectares, which is about 2,735 acres. It includes 11 patented claims and 53 unpatented claims, arranged as a core of patented mining claims surrounded by unpatented claims. Lannister Mining reports multiple high-priority targets near the historic resource area.

See this answer in the full FAQ

What kind of gold mineralization is at Basin Gulch?

Basin Gulch hosts gold and silver mineralization that is near surface and hosted in oxides, according to Lannister Mining. The company describes it as open in multiple directions and at depth, open along strike, and untested regionally. It also says the shallow setting implies significant flexibility for optimizing a future mine design.

See this answer in the full FAQ

How much of Basin Gulch is still unexplored?

About two-thirds of the Basin Gulch property is still unexplored, according to Lannister Mining. The company says future drilling will concentrate on additional mineralized target areas within the property, alongside work on the historically drilled zone. That unexplored ground is a large part of the exploration upside the company describes.

See this answer in the full FAQ

Has Basin Gulch been mined out?

No. Lannister Mining describes Basin Gulch as an asset that has seen significant historical work but has not been mined out. That historical work includes more than 320 drill holes and trenching. The company is now working toward a maiden mineral resource estimate, which would be the first formal resource statement for the property.

See this answer in the full FAQ

Can the public visit Basin Gulch?

Basin Gulch is a company exploration property built around patented claims, which are private land, so do not enter without permission. For project details, use Lannister Mining's investor page. For the region's mining past, the Philipsburg Historic District in town is a good place to start, as are the historic districts of Helena and Virginia City.

See this answer in the full FAQ
Read all 46 questions in the FAQ

Investors: learn the drill history, then ask for the briefing

Start with the 320+ historical drill holes at Basin Gulch and the plan toward a maiden mineral resource estimate. Then request the investor briefing from Lannister Mining.

Published by Lannister Mining