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Mineral exploration drilling

Mineral exploration drilling at Basin Gulch

Mineral exploration drilling at Basin Gulch has produced more than 320 historical drill holes, including long gold intercepts that begin right at surface.

Last updated: November 2026. Published by Lannister Mining.

What are the best historical drill results at Basin Gulch?

Lannister Mining reports historical highlights at Basin Gulch including 1.8 g/t gold over 162 meters from surface, 0.66 g/t gold over 326 meters from surface, and 3.2 g/t gold over 72 meters from surface. Shorter, higher-grade intervals include 156 g/t gold over 3 meters and 25 g/t gold over 14 meters.

Drill holes

Highlight drill hole intersections

Historical drilling, as reported
ResultInterval length
1.8 g/t Au

over 162 meters (531.5 feet), from surface

0.66 g/t Au

over 326 meters (1,069.6 feet), from surface

3.2 g/t Au

over 72 meters (236.2 feet), from surface

156 g/t Au

over 3 meters (9.8 feet)

25 g/t Au

over 14 meters (45.9 feet)

Trenches

Highlight trench results

Historical trenching, as reported
ResultInterval length
62 g/t Au and 32 g/t Ag

over 159 meters (521.7 feet)

4 g/t Au and 23 g/t Ag

over 146 meters (479 feet)

5 g/t Au and 54 g/t Ag

over 34 meters (111.6 feet)

25 g/t Au and 45 g/t Ag

over 61 meters (200.1 feet)

All bars use the same scale, relative to the longest reported interval of 326 meters. Results are historical, as reported by Lannister Mining, and are subject to confirmation drilling. Trench results are surface samples.

Definition

What mineral exploration drilling is

Mineral exploration drilling is the process of drilling holes into the ground to sample rock and measure where minerals occur and at what grade. It is the core activity of any mineral exploration company, including Lannister Mining.

Each result is reported as a grade over a length. A result of 1.8 g/t Au over 162 meters means a 162 meter interval averaged 1.8 grams of gold per tonne of rock.

Reading the results

Why long, near-surface intervals matter

Three of the five Basin Gulch drill highlights start at surface, and the longest runs 326 meters. Lannister Mining says near-surface mineralization like this gives significant implied mine design optimization flexibility.

The short, high-grade intervals, such as 156 g/t gold over 3 meters, show that higher-grade zones also occur within the system. Both kinds of result will be tested by confirmation drilling.

Procedure

How does mineral exploration drilling work?

  1. Step 1: Pick targets

    Geologists use mapping, sampling, and historical results to choose where holes should go. At Basin Gulch, more than 320 historical holes guide that choice.

  2. Step 2: Drill and recover samples

    A drill rig cuts into the rock and brings up core or chips from known depths, so each sample can be tied to a position underground.

  3. Step 3: Assay the samples

    A laboratory measures the gold and silver content, reported as grams per tonne (g/t). Au is gold and Ag is silver.

  4. Step 4: Report grade over length

    Results are reported as a grade over an interval, such as 1.8 g/t Au over 162 meters, along with whether the interval starts at surface.

  5. Step 5: Confirm and expand

    Confirmation holes check historical results with modern methods; expansion holes test whether mineralization continues into open ground.

Comparison

Drill holes compared with trenches at Basin Gulch

How Lannister Mining's historical Basin Gulch drill and trench results differ.
CriterionDrill holesTrenches
What it samplesRock along a hole, from surface downRock exposed along a surface cut
Basin Gulch countMore than 320 historical holesFour highlight trenches reported
Longest highlight326 meters (0.66 g/t Au)159 meters (62 g/t Au, 32 g/t Ag)
Metals reportedGoldGold and silver
Role going forwardConfirmation and expansion targetsSurface evidence of near-surface mineralization

Next

What happens to the historical drilling next?

Lannister Mining states that historical drilling and new work programs will be used in a future maiden mineral resource estimate. That requires confirming historical intercepts and expanding drilling into the parts of the property that remain open, including the roughly two-thirds that is unexplored.

Read the full Basin Gulch project overview or return to the Lannister Mining home page.

Questions investors and partners ask

Short answers from the full FAQ. Read all 47 questions.

How many holes have been drilled at Basin Gulch?
More than 320 historical drill holes have been completed at Basin Gulch. Lannister Mining plans to use that historical drilling, together with new work programs, toward a future maiden mineral resource estimate. Confirmation drilling of historical intercepts is part of that path, alongside expansion drilling into open ground.See this answer in the FAQ
What are the best historical drill results at Basin Gulch?
Highlight historical intercepts reported 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 the company plans to confirm.See this answer in the FAQ
What is mineral exploration drilling?
Mineral exploration drilling means drilling holes into the ground to sample rock and measure where minerals occur and at what grade. Results are reported as a grade over a length, such as grams of gold per tonne over a number of meters. At Basin Gulch, more than 320 historical holes provide that starting data.See this answer in the FAQ
What does g/t Au mean?
g/t Au means grams of gold per tonne of rock. A result such as 1.8 g/t Au over 162 meters means a 162 meter interval of sampled rock averaged 1.8 grams of gold per tonne. Ag is the chemical symbol for silver, and silver grades are reported the same way.See this answer in the FAQ
What is a trench result?
A trench result comes from samples taken along a cut in the ground surface rather than from a drill hole. Trenching exposes near-surface rock so it can be sampled continuously. Lannister Mining reports historical trench highlights at Basin Gulch including 4 g/t gold and 23 g/t silver over 146 meters.See this answer in the FAQ
What is confirmation drilling?
Confirmation drilling means drilling new holes near historical holes to check that earlier results can be reproduced with modern methods. It is a common step before historical data can support a current mineral resource estimate. Lannister Mining names expansion and confirmation drilling as the path to a Basin Gulch maiden resource.See this answer in the FAQ