What does a mineral exploration company do?
A mineral exploration company searches for and defines mineral deposits before any mine is built. Its work includes mapping, sampling, trenching and drilling, then compiling results into technical reports and resource estimates. Lannister Mining is a mineral exploration company working on gold and silver oxide mineralization at the Basin Gulch Property in Montana.
What are the 5 stages of the mining process?
The mining process is commonly described in five stages: exploration, which finds mineralization; discovery and resource definition, which measures it; development, covering permitting, engineering and construction; production, the mining and processing itself; and closure with reclamation. Lannister Mining is at the exploration and resource definition stage at Basin Gulch, working toward a maiden mineral resource estimate.
What is exploration for gold?
Exploration for gold is the work of finding and measuring gold deposits through geological mapping, soil and rock sampling, trenching and drilling. Results such as grade in grams per tonne and interval length show how much gold a zone may hold. At Basin Gulch, historical trenching and more than 320 drill holes provide that starting record.
What does g/t Au mean?
g/t Au means grams of gold per tonne of rock, a measure of grade, or how concentrated the gold is. A result such as 1.8 g/t Au over 162 meters, reported historically at Basin Gulch, means the sampled interval averaged 1.8 grams of gold per tonne across 162 meters of drilled rock.
What is oxide gold mineralization?
Oxide gold mineralization is gold hosted in rock that has been weathered and oxidized, usually near surface. Oxide material is often simpler to process than unoxidized sulfide material, which is one reason near-surface oxide deposits draw interest from explorers and investors. Lannister Mining reports that Basin Gulch mineralization is hosted in oxides.
What is a maiden mineral resource estimate?
A maiden mineral resource estimate is a company’s first formal estimate of the tonnes and grade of mineralization on a property, prepared under a reporting standard such as NI 43-101 in Canada or S-K 1300 in the United States. Lannister Mining plans a maiden estimate for Basin Gulch using historical drilling and new work programs.
What is the difference between patented and unpatented mining claims?
In the United States, a patented mining claim is one where the federal government has passed full title to the claim holder, while an unpatented claim gives the right to explore and mine federal land without owning it. Basin Gulch combines 11 patented claims at its core with 53 unpatented claims around them, for 1,107 hectares.
What metal does AI need the most?
Copper is widely cited as one of the metals most in demand for the power grids, data centres and cooling systems behind artificial intelligence, though needs vary by technology. Lannister Mining does not explore for copper; its focus is gold and silver oxide mineralization at Basin Gulch. Check current industry reports for the latest demand figures.
Does the USA have any rare earth minerals?
Yes. The United States has rare earth deposits, and Mountain Pass in California is a well-known operating rare earth mine. Rare earths are separate from Lannister Mining’s work, which targets gold and silver at Basin Gulch in Montana. For official US data on rare earths and other critical minerals, see the US Geological Survey.