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Exploration potential

Exploration potential at Basin Gulch

Last updated: Published by Lannister Mining

How much of Basin Gulch is still unexplored?

About two-thirds of the Basin Gulch property is still unexplored, according to Lannister Mining.

Lannister Mining describes the exploration upside at Basin Gulch as substantial: mineralization is open at depth, along strike and untested regionally, and multiple high-priority targets sit near the historic resource area. The company plans to use historical drilling and new work in a future maiden mineral resource estimate.

Upside in numbers

of the property still unexplored
2/3
historical holes on the explored part
320+
directions left open: depth, strike and region
3

Where the potential comes from

Definition: exploration upside

Exploration upside is the chance that further work finds more mineralization than is currently known. At Basin Gulch, Lannister Mining points to three sources: mineralization that is open at depth and along strike from historical drilling, a large untested part of the property, and multiple high-priority targets near the historic resource. Upside is a possibility to be tested by drilling, not a measured quantity, which is why the company plans further exploration before its maiden resource estimate.

The maiden mineral resource estimate

Lannister Mining states that the gold-silver mineralization at Basin Gulch is open in multiple directions and at depth, and that historical drilling and new work programs will be used in a future maiden mineral resource estimate. Future drilling will concentrate on additional mineralized target areas within the property.

Known ground vs untested ground at Basin Gulch

The explored third and the unexplored two-thirds call for different kinds of work.

Basin Gulch exploration areas, based on Lannister Mining statements
AreaWhat is knownPlanned focus
Historic resource areaMore than 320 historical holes; near-surface oxide gold-silverConfirmation and expansion drilling
Extensions of known zonesOpen at depth and along strikeStep-out drilling
Nearby targetsMultiple high-priority targets near the historic resourceTarget drilling
Remaining propertyTwo-thirds unexplored; untested regionallyEarly exploration

A typical sequence for testing the upside

  1. Map and sample new ground

    Surface work on the unexplored two-thirds to define targets.

  2. Drill priority targets

    Test high-priority targets near the historic resource area.

  3. Step out from known zones

    Follow mineralization at depth and along strike.

  4. Update the resource model

    Fold new results into the maiden mineral resource estimate.

Common questions

What does open at depth and along strike mean?

It means drilling has not yet found the edges of the mineralization in those directions. Open at depth means it continues below the deepest holes; open along strike means it continues sideways along its trend. Lannister Mining states that Basin Gulch mineralization is open at depth, along strike and untested regionally.

More in the Basin Gulch FAQ

What is a maiden mineral resource estimate?

A maiden mineral resource estimate is the first formal estimate of the tonnage and grade of a deposit, prepared under a recognized reporting standard. Lannister Mining states that Basin Gulch historical drilling and new work programs will be used in a future maiden mineral resource estimate.

More in the Basin Gulch FAQ

What is confirmation drilling?

Confirmation drilling, sometimes called twin or verification drilling, repeats or closely follows historical holes to check that modern sampling matches older results. Lannister Mining states that Basin Gulch could host a significant maiden mineral resource estimate after expansion and confirmation drilling of historical drill intercepts.

More in the Basin Gulch FAQ

Why does Basin Gulch matter to gold exploration investors?

Basin Gulch combines a large amount of historical drilling, near-surface oxide mineralization and a US location. Lannister Mining points to more than 320 historical holes, mineralization that is open at depth and along strike, and two-thirds of the property still unexplored. Together these give a starting dataset that many early-stage gold exploration projects lack.

More in the Basin Gulch FAQ

How long does mineral exploration take?

Mineral exploration usually takes years, and moving from discovery to production often takes a decade or more, depending on the project and permitting. Basin Gulch starts from an advanced data position because of its more than 320 historical holes. The timing of its next milestones is set by Lannister Mining work programs.

More in the Basin Gulch FAQ

What should partners verify before getting involved?

Partners should verify that historical data can be confirmed by modern drilling, review claim status and permitting, and read the company technical and financial disclosures. At Basin Gulch, Lannister Mining plans confirmation and expansion drilling of historical intercepts before a maiden resource estimate, which is the step that tests the historical data.

More in the Basin Gulch FAQ

How we chose these facts

This page was written by Lannister Mining, the company exploring Basin Gulch and the publisher of this site. Property figures are taken from Lannister Mining published materials and are stated exactly as reported, with historical results labeled as historical. General explanations describe common mineral exploration practice. Read the full methodology.

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Published by Lannister Mining