Cameo Announces Katoro Final Technical Report Results
CSE: MEO
FSE: Z88 WWW.CAMEORESOURCESINC.COM
KATORO FINAL TECHNICAL REPORT GENERATES 80 HIGH PRIORITY DRILL TARGETS
January 7, 2026, British Columbia – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”)
is pleased to announce that it is now in receipt of the TECHNICAL REPORT ON THE INVESTIGATION OF GOLD
MINERALIZED ZONES USING DRONE-MOUNTED MAGNETIC AND INDUCED POLARIZATION (IP) DATASET AT
THE KATORO-GEITA GOLD PROJECT, SUKUMALAND GOLDFIELDS, NORTH TANZANIA (the “Technical
Report”). The Technical Report provides detailed interpretation of Magnetic and Induced Polarization
surveys performed over its 100% owned, 19.58 square kilometer, Katoro Gold Property (“Katoro” or the
“Property”), located in the Geita region of the Lake Victoria Goldfields of Tanzania.
Highlights of the Technical Report:
• Integrated interpretation of the geophysical results has determined five distinct mineralized zones
identified in the project area detected at varying depths ranging from a few meters below the
surface to ~100 m.
• These zones appear to extend west and/or east beyond the boundaries of the project area and/or
surveyed blocks, indicating additional potential areas for gold mineralization.
• These zones depict three significant trends aligned with the magnetic lineaments interpreted as
faults and/or shear zones with the most dominant E-W trend mirroring the Tembo gold deposit of
Buckreef Gold Mine.
• The prospective mineralized zones are characterized by moderate to high chargeability values of
up to 250 mV/V, and generally low-intermediate resistivity values of ~10 Ωm to 700 Ωm. The zones
are presumed to be associated with disseminated sulphides and gold mineralization within the
Precambrian rocks and quartz veins found within shear zones.
• High chargeability values in the prospective zones indicate potential areas likely to host sulphide-
rich gold mineralization.
• A total of eighty (80) drill holes were proposed for drilling in the project area to explore potential
mineralized zones. (Figure 1)
The Company plans to directly proceed with phased drilling campaigns at its Katoro property to
systematically evaluate the massive amount of drill targets generated from this maiden geophysical
exploration work. A 10-15 drill hole drill program is presently being designed to evaluate the first two
of the five mineralized zones. The Company has solicited bids from several qualified drilling contractors
in Tanzania and expects to lock in a contract shortly with drilling anticipated as quickly as early February.
Brian Thurston, PGeo, states: "The Company’s goal of targeting mineralization and fast-tracking a drill
campaign is now close to completion with 80 priority drill targets having been generated in only 4
months on the property. The team has proven their commitment by quickly delivering on this first ever
drilling of the Katoro Property using modern science as a guide. The results from the Technical Report
indicate the high prospectivity for gold mineralization to be discovered on the Katoro property and the
Company is extremely encouraged as they continue to see similarities between the Katoro Property and
the Tembo Gold Mine ~7km northeast and the Buckreef Gold Mine ~15km northeast.”
Figure 1: Project area map showing the proposed drill holes to intersect the prospective
mineralized zones generated from the integrated interpretation of the Technical Report results.
Qualified Person
Brian Thurston, P.Geo., the Company’s technical advisor 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.
About The Katoro Gold Property
The Property covers 19.58 square kilometers situated within the prospective Sukumaland Greenstone
Belt within the Lake Victoria Goldfield (LVGF). One of the most important mining sites in Africa, Tanzania’s
LVGF holds several multi-million-ounce gold deposits and has ongoing operations by some of the largest
gold companies in the world. The concessions have been mined by artisanal miners for some time,
evidenced by the multiple shallow pits and trenches showing iron carbonate altered mafic volcanics
(basalts) and quartz feldspar porphyry intrusions. Gold is associated with grey quartz veins and stringers
that exhibit a pinch and swell characteristic, parallel to the fabric of east -west shear zones. The
concessions occur within a broader area that has seen exploration and mining acti vities by several
companies including, TRX Gold Corporation (TSX:TRX), AngloGold Ashanti plc (NYSE:AU), and IAMGOLD
Corporation (TSX:IMG).
About Cameo Resources Inc.
Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and
developing valuable mineral deposits. Cameo’s Katoro property covers 19.58 Km2 situated within the
prospective Sukumaland greenstone belt within the Lake Victoria goldfield (LVGF). One of the most
important mining sites in Africa, Tanzania's LVGF holds several multimillion-ounce gold deposits and has
continuing operations by some of the largest gold companies in the world. The concessions have not
been explored by modern methods until now. For more information 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: [email protected]
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 of historical fact, included herein, without limitation, are forward-
looking statements. There can be no assurance 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 statements reflect the beliefs, opinions and projections on the date the statements are
made and are based upon a 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 may be expressed or implied by such forward-looking statements and the
parties have made assumptions and estimates based on or related to many of these factors. Such factors
include, without limitation, risks that lease holder will not approve the 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 be able to secure permitting and other
governmental clearances necessary to carry out the Company's exploration plans, the risk that the
Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes 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 not assume 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.