Callinex Mines

Callinex Mines Inc., which will be renamed Visionary Copper and Gold Mines Inc. effective August 28, 2025, is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of base and precious metal deposits. The company's history dates back to 1927 when its predecessor, Callinan Mines, was founded by Jack Callinan and began exploring in the Flin Flon mining district of Manitoba. A significant milestone occurred in 2011 when Callinan Mines was split into two entities, with Callinex retaining the exploration portfolio.

The company's business model is centered on advancing its portfolio of mineral assets to increase their value, with the potential for future development, joint ventures, or sale. As an exploration stage company, it does not generate revenue from mining operations but secures funding through financing activities. The management and technical team includes individuals with extensive experience in the mining sector, credited with multiple discoveries. The team features Max Porterfield as President and CEO, Mike Muzylowski, a member of the Canadian Mining Hall of Fame, as a key geologist and advisor, and Alan Vowles, a recipient of the PDAC Bill Dennis Prospector of the Year Award.

Callinex's asset portfolio is spread across established Canadian mining jurisdictions. The flagship Pine Bay Project in the Flin Flon district of Manitoba hosts the high-grade Rainbow deposit, which contains copper, gold, silver, and zinc. This project benefits from its proximity to existing infrastructure, including a hydroelectric power line and road access. Another primary asset is the Point Leamington Deposit in Newfoundland, a large volcanogenic massive sulfide (VMS) deposit rich in gold, copper, and zinc. In New Brunswick's Bathurst Mining District, the company holds the Nash Creek and Superjack projects. A 2018 Preliminary Economic Assessment (PEA) for the Bathurst portfolio indicated a pre-tax internal rate of return (IRR) of 34.1% and a net present value (NPV) of $230 million. To better manage its assets, Callinex recently formed Osawi Gold Corp., a wholly-owned subsidiary, to advance its Manitoba gold projects, including the formerly producing Gurney Gold Mine.

Keywords: mineral exploration, copper mining, gold exploration, zinc deposits, VMS deposits, Canadian mining, Flin Flon, Bathurst mining district, Pine Bay Project, Rainbow Deposit, Point Leamington, Nash Creek Project, resource development, exploration drilling, base metals, precious metals, mineral resource estimate, Visionary Copper and Gold Mines, Osawi Gold Corp., junior mining