THORN Project
THORN
Country Canada 
Province British columbia
Close to Telegraph creek
Status GREEN EXPLORATION 
Surface 143 km² / 35,335 acres
Latitude / Longitude 58 N 31 / 132 W 47
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Risk and valuation analysis of the THORN Project
Status Risk : Green exploration
Country Risk : Very Low
Title(s) of the THORN Project
Cangold Limited
Joint venture: 51%
Company ProfileAll Projects
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Kiska Metals Corp.
Joint venture: 49%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
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.
Location
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