Core Viewpoint - Callinex Mines Inc. has established a wholly-owned subsidiary, Osawi Gold Corp., to focus on advancing its gold projects in Manitoba, specifically the Gossan Hill and Island Lake Gold Projects, while maintaining its core operations in base and precious metals [2][3][9]. Group 1: Formation of Osawi Gold Corp. - The creation of Osawi Gold Corp. aims to unlock the potential of Callinex's gold assets and enhance focus on high-grade gold exploration in Manitoba [2][3]. - The subsidiary will allow Callinex to explore strategic initiatives that could deliver significant value to shareholders without diluting existing shares [3][18]. Group 2: Gossan Hill Gold Project Overview - The Gossan Hill Gold Project spans 2,935 hectares and includes the historic Gurney Gold Mine, which produced 25,164 ounces of gold at an average grade of 8.64 g/t from 90,500 tonnes of material [4]. - The project features a high silver-to-gold ratio of 2.86:1, indicating potential for valuable silver alongside gold [4]. - Historical drilling has shown promising results, with mineralization remaining open along strike and at depth, suggesting opportunities for resource expansion [6][9]. Group 3: Island Lake Gold Project Overview - The Island Lake Gold Project covers approximately 40,000 hectares and has a significant strike length of 72 km within the Island Lake Greenstone Belt, which has hosted historic gold mines [12][13]. - The project includes the Ministik deposit, which has a reported historic resource of 166,439 ounces of gold at a grade of 0.39 oz/ton (13.37 g/t) [14]. - Previous exploration efforts have indicated potential for high-grade gold and other critical minerals, with numerous occurrences of gold found within the project area [12][14]. Group 4: Strategic Initiatives and Community Engagement - Callinex is evaluating strategic initiatives to enhance the value of its gold projects, including fostering relationships with stakeholders [18]. - The company emphasizes the importance of building a working relationship with the Garden Hill First Nation, ensuring that exploration aligns with community values and priorities [16][17].