Business
Osawi Gold Corp. formed to advance Callinex's Gold Exploration Portfolio in Manitoba
Highlights: Callinex Mines Inc. has formed a new wholly-owned subsidiary, Osawi Gold Corp...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Osawi Gold Corp. formed to advance Callinex’s Gold Exploration Portfolio in Manitoba\n\n\n\n\n Highlights:\n \n\n\n\n Callinex Mines Inc. has formed a new wholly-owned subsidiary, Osawi Gold Corp., to hold and advance its Manitoba gold exploration portfolio.\n \n\n The Gossan Hill Gold Project includes the formerly producing high-grade gold and silver Gurney Gold Mine.\n \n\n The Island Lake Gold Project covers over 70km of strike extent of the Island Lake Greenstone Gold Belt and encompasses the historic high-grade gold Ministik deposit.\n \n\n Callinex is evaluating strategic initiatives to create value from its Manitoba Gold portfolio, aiming to deliver significant upside for shareholders without dilution.\n \n\n\n VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce the formation of Osawi Gold Corp. (“Osawi”), a wholly-owned subsidiary created to hold and advance the Company’s Gossan Hill Gold Project and Island Lake Gold Project. This strategic move is designed to unlock the potential of Callinex’s gold assets while it continues to focus on its core base and precious metals Volcanogenic Massive Sulphide (“VMS”) portfolio, with a specific emphasis on the Point Leamington Project in Newfoundland, Canada.\n \n\n Max Porterfield, President & CEO of Callinex Mines, stated, “The creation of Osawi Gold Corp. marks an exciting step in our strategy to maximize the value of our high-grade gold exploration assets in Manitoba. By establishing a dedicated subsidiary for the Company’s Manitoba gold projects, we aim to enhance focus on these promising gold properties while exploring strategic initiatives that will deliver significant value to our shareholders.” Mr. Porterfield continued, “Ultimately, we believe Osawi Gold Corp. will be positioned for success in the current and foreseeable gold market, creating prosperity for all stakeholders.”\n \n\n\n Gossan Hill Gold Project Overview\n \n\n\n The Gossan Hill Gold Project, covers 2,935 hectares in the Flin Flon-Snow Lake Greenstone Belt and encompasses: the formerly producing Gurney Gold Mine, and a 5km NE-SW trending shear zone that hosts numerous gold occurrences ...