How it Works

We Explore Nevada for Our Syndicate Members!

A Syndicate is a a group of individuals or organizations combined to promote a common interest. Mining syndicates were extremely common in the last century, and led to some of the biggest mine discoveries in the world. Examples include:

The Horne Syndicate (Noranda)
The Alaska Syndicate (Kennecott)
Group of Seven Syndicate (Broken Hill)

Gnumont has refined the concept of a syndicate. The strength in a syndicate arises from its diverse membership, and the ability to collectively pool their resources to explore an area, and minimize risk to the members. If the syndicate is successful in its efforts, members are able to capitalize on that success. Syndicate members also have a direct voice that can influence the course of action a syndicate undertakes.

Syndicate Operating Agreement

Syndicate Members operate under what is called a Syndicate Agreement. This is a broad set of rules that govern the operation of the LID Syndicate. There are a total of twenty shares in the syndicate that are purchased by members which can be individuals or corporations. Syndicate Members can purchase one or more shares, and are entitled to an equity interest in the syndicate based on the number of shares held.

Gnumont Gold LLC is the Operator of the LID Syndicate and is responsible for completing, or coordinating the exploration activity on the LID Project. The LID Syndicate has three phases of activity, and phase 1 is already complete. Phase 2 of the LID Syndicate is expected to commence in the summer of 2020, and consists of a extensive geophysical exploration work that forms the basis for future drilling.

Exploration Approach