Despite intense exploration efforts in Nevada, junior mining exploration companies tend to focus on single properties that have little ability to realistically produce a viable deposit. In addition to this, it is almost impossible for smaller exploration companies to realize large-scale exploration efforts owing to the complex rules and regulations that govern their ability to raise funds for exploration. There is a reason that most of the big gold deposits discovered in Nevada over the past 20 years have been made by large gold exploration companies.
- First, most major mining companies operate autonomously and are well-funded. This means that they are able to sustain long exploration efforts to locate new gold deposits, and generally they do this without needing to publicize their activity or results for an extended period of time.
- Second, they are able to develop and explore using geological models that are conceptual, well thought out, and are focused on finding large (+5M Oz) gold deposits. In some cases, it is only after years of sustained exploration that the exploration models produce tangible results, but when they do - they tend to be dramatic.
- Third, apart from being well-funded, the exploration programs that find these types of gold deposits do not require funding from public markets. As such, the exploration programs are not subject to the regulations and reporting requirements that are required for the normal operation of most junior mining companies.
We believe that the LID Syndicate offers solutions to many of these issues that impede junior mining companies from exploring Nevada in a method that is necessary to find additional large deposits. We believe this is the future of exploration in Nevada!