| Cangold Limited Joint venture: 51% |
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| Kiska Metals Corp. Joint venture: 49% |
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The Thorn property consists of 172 sq. km of contiguous claims. Cangold Limited recently vested its 51% interest in the project, which is now a joint venture between the two companies with Rimfire holding the remaining 49%. A 3.5% Net Smelter Return (NSR) is payable to underlying vendors at commercial production. The Joint Venture can purchase 2% of the NSR for $3 million. |