Basin Gulch gold silver
Basin Gulch gold silver mineralization is near surface and hosted in oxides, and trench samples reported both metals over long intervals.
Lannister Mining describes high-grade gold-silver mineralization at Basin Gulch that is open in multiple directions and at depth. Trench highlights include 4 g/t gold and 23 g/t silver over 146 meters, and the company is working toward a maiden mineral resource estimate that would be the first formal statement of contained gold and silver.
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Basin Gulch hosts near-surface, oxide-hosted gold-silver mineralization. Oxide rock has been weathered near the surface; across the industry, oxide material is generally simpler to process than unoxidized sulfide material, though processing choices are confirmed only by metallurgical testing.
Lannister Mining reports the Basin Gulch mineralization is open in multiple directions and at depth, open along strike and untested regionally. Open means drilling has not yet found the edges of the mineralized zone in those directions, so there is room to test for extensions.
Historical drill highlights are reported for gold. Trench highlights report gold and silver side by side, with silver ranging from 23 g/t over 146 meters to 54 g/t over 34 meters. No silver or gold resource has been estimated yet.
These four trench highlights are listed exactly as Lannister Mining reports them. Trenches sample bedrock at surface, so they complement the drill record rather than replace it.
| Gold | Silver | Length |
|---|---|---|
| 62 g/t Au | 32 g/t Ag | 159 m (521.7 ft) |
| 4 g/t Au | 23 g/t Ag | 146 m (479 ft) |
| 5 g/t Au | 54 g/t Ag | 34 m (111.6 ft) |
| 25 g/t Au | 45 g/t Ag | 61 m (200.1 ft) |
Montana is known as the Treasure State because of its vast mineral wealth and a history built on mining, and the industry still plays an active role in the state economy today.
The first gold discovery in what was then 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 in the state.
Basin Gulch sits in the heart of the historic Philipsburg Mining District, which Lannister Mining says led the original US silver boom in the late 1800s. Learn more about the district and access on the Basin Gulch property page.
Through a maiden mineral resource estimate. Lannister Mining plans to use historical drilling and new work programs to produce that first estimate. Read the maiden resource plan, review the historical drilling, or go back to the Basin Gulch project overview.
Published by Lannister Mining
