Cameo Initiates Induced Polarization Survey To Further Define High Priority Drill Targets At Katoro
(TheNewswire)
October 8, 2025, British Columbia – TheNewswire - Cameo Resources Inc. (CSE: MEO, FSE:Z88) (“Cameo” or the “Company”)is pleased to announce thatit has engaged HETAMIS Mineral Services Limited(“HETAMIS”) to conduct an initial InducedPolarization(“IP”) geophysical survey over its 100% owned, 19.58 square kilometer, Katoro Gold Property (“Katoro” or the“Property”), located in the Geitaregion of the Lake Victoria Goldfields of Tanzania.
Highlights of the KatoroProperty:
Recent magnetic survey demonstrates over 65% of theKatoro property has potential to discover mineralized zones throughoutpossible gold-trappingstructures (Figure1).
The most prominent NE-SW trending magnetic lineament inthe southern part of the project area hasbeen interpreted as the same mineralized shearzone, consistent with the Buckreef main shear zone,which hosts high-grade gold mineralization.
The E-W trending magnetic lineaments in the northernpart of the project area are highly prospective for goldmineralization, typical of gold mineralization at the Tembo golddeposit of the Buckreef Gold Mine and theNyamalimbe gold deposit.
Several mining and milling operations exist less than 1kilometer from the Property boundary to the north, south, andwest.
19.58 km roadaccessible Property, approximately 170km southwest of Mwanza city, 63 km southwest of Geita Region.
HETAMIS has been engaged to collaborate with Dr. DidasM. Mabula and complete an initial dipole-dipole IP survey on theProperty consisting of 58 line-kilometers in 5 grids covering a totalarea of 3.1855 km2 (Figure 2). The work is anticipated tocommence immediately with the goal of fast-tracking the targeting ofproposed drill locations. The Company has reviewed the previouslyannounced magnetic survey data collected by HETAMIS in collaborationwith SKYPM Solutions Limited and geophysical expert Dr. Mabula and hasdetermined that the Katoro property warrants continued explorationwork to delineate drill targets. In collaboration with Dr. Mabula, theCompany has determined that approximately 65% of the Katoro propertyshows structural features that indicate the prospectivity to host goldmineralization. It was determined that with such a large prospectivearea, that the Company proceed by targeting mainly the northern andcentral portions of the Property.
Brian Thurston, PGeo, states:"The findings from the magnetic geophysical work of HETAMIS andDr. Mabula demonstrate the high prospectivity for gold mineralizationto be discovered on the Katoro property. We now have geophysicalconfirmation that we are on the Buckreef shear trend which supportsour own interpretation. We see the entire property has high-priorityzones for follow up with Zone 1 only 550 meters from a knownsmall-scale gold operation involving several mills, and Zone 4 only600 meters away form a medium-scale gold operation involving bothmilling and leaching operations.”
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Figure 1: Prospective mineralizedzones of the Katoro Gold Property generated from the integratedinterpretation of the results from the magnetic dataset and knownmineralized shear zones in adjacent areas at Buckreef Gold Mine,Nyamalimbe and Iparamasa small-scale deposits.
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Figure 2: Dipole-Dipole InducedPolarization Grids
Simultaneous with the IP program, Cameo intends tocontinue its aggressive exploration of the identified magneticstructures with further investigations of targeted geochemicalsampling, pitting, trenching, and geological mapping. Upon completionof this second phase of exploration Cameo is planning a fast-trackeddrill program to evaluate the mineralization potential of theproperty.
Qualified Person
Brian Thurston, P.Geo., the Company’s technicaladvisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects,has reviewed and approved the technical information in this news release.
Director Change
The Company has made updates to its board of directors.Casey Lewis has stepped down from the board. The Company wishes tothank Mr. Lewis for his contributions for the past 2 years.
About Cameo Resources Inc.
Cameo Resources Inc. is a dynamic mineral explorationcompany dedicated to discovering and developing valuable mineraldeposits. Cameo’s Katoro property covers 19.58 Km2 situated withinthe prospective Sukumaland greenstone belt within the Lake Victoriagoldfield (LVGF). One of the most important mining sites in Africa,Tanzania's LVGF holds several multimillion-ounce gold depositsand has continuing operations by some of the largest gold companies inthe world. The concessions have not been explored by modern methodsuntil now. For moreinformation on Cameo Resources, please visit the website at www.cameoresourcesinc.com.
On behalf of the Board of Cameo Resources Inc.
Souhail Abi-Farrage
Chief Executive Officer and Director Phone Number: 1-800-325-1308
For further information contact:
Investor Relations;
Email: IR@cameoresourcesInc.com
Phone Number: 1-800-325-1308
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements”(collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”,“estimates”, “potential”, “possible”,and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved.All statements, other than statements ofhistorical fact, included herein, without limitation, are forward-looking statements. There can be noassurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statementsreflect the beliefs, opinions and projections on the date the statements are made and are based upona number of assumptions and estimates that, while considered reasonable by Cameo, are inherently subject to significant business, economic, competitive,political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or maybe expressed or implied by such forward-looking statements and theparties have made assumptions and estimates based on or related to many ofthese factors. Such factors include, without limitation, risks that lease holderwill not approvethe sale of the Property,risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not beable to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk thatthe Company will not be able toraise sufficient funds to carry out its business plans, and the risk ofpolitical uncertainties and regulatory or legalchanges that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items.Cameo does notassume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
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