Basin Gulch is primarily on patented land, hosted in oxides, and has seen over 320 historical drill holes. It boasts a historical, non NI 43-101, unconstrained resource of 3.5M oz AuEq at 0.89g/t. Open at depth, along strike and untested regionally.
| Average Grade g/t Au+Au Equivalent Ag | Cutoff Grade g/t Au+Au Equivalent Ag | Subarea | Ounces Au Proven and Probable |
|---|---|---|---|
| 0.34 | 0.17 | Hilltop Minus Trail | 2,018,352 |
| 0.51 | 0.17 | Hilltop Minus Trail | 1,012,651 |
| 2.06 | 0.17 | Hilltop Minus Trail | 264,431 |
| 0.51 | 0.17 | Trail | 80,117 |
| 2.06 | 0.17 | Trail | 33,400 |
| 0.45 | 0.17 | A Block | 5,502,298 |
| 0.82 | 0.17 | A Block | 2,509,139 |
| Totals All Subareas | |||
| 0.41 | 0.17 | All | 7,600,000 |
| 0.89 | 0.17 | All | 2,803,970 |
The historical mineral resources discussed herein were calculated prior to the implementation of the standards set forth in NI 43-101 and current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Ore Reserves dated May 10, 2014). The reader is cautioned not to treat them, or any part of them, as current mineral resources or reserves. The estimates do not classify the resource as either a measured, indicated or inferred resource and, accordingly, readers should not assume it satisfies the requirements of any of such classifications. There is insufficient information available to properly assess the data quality, estimation parameters and standards by which the estimates were categorized. An independent Qualified Person (‘QP’), has not done sufficient work to classify the estimate discussed as current mineral resources or reserves and therefore the estimate should be treated as historical in nature and not current mineral resources or mineral reserves. The historical resources have been included simply to demonstrate the mineral potential of the projects. A thorough review of all historical data performed by a QP, along with additional exploration work to confirm results, would be required in order to produce a current mineral resource estimate for all projects.
With two thirds of the Basin Gulch Property still unexplored there is phenomenal exploration upside ahead. Easy, year-round access from Philipsburg, MT on paved and well-maintained gravel roads, along with being only one hour from Butte, MT, makes this site accessible and open for business.
The property is underlain by a core of Patented Mining Claims surrounded by unpatented mining claims.
Known as “the Treasure State” because of its vast wealth of mineral reserves and a history built on mining, the industry continues to play an active role in the state’s economy today.
The first gold discovery in what was known as the Montana territory occurred in 1852 at Gold Creek, near present-day Garrison. Since then Silver, Copper, Nickel and Platinum have all been discovered and mined. Montana is the home to world-class deposits, large scale producers currently in operation include:
Do you have questions for the Lannister Mining team? Reach out to us today.
1500 – 1055 West Georgia Street
Vancouver BC
Canada V6E 4N7
