Cameo Initiates Induced Polarization Survey to Define High Priority Drill Targets
CSE: MEO / FSE: Z88 WWW.CAMEORESOURCESINC.COM
CAMEO INITIATES INDUCED POLARIZATION SURVEY TO FURTHER DEFINE HIGH
PRIORITY DRILL TARGETS AT KATORO
October 8, 2025, British Columbia – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”)
is pleased to announce that it has engaged HETAMIS Mineral Services Limited (“HETAMIS”) to conduct an
initial Induced Polarization(“IP”) geophysical survey 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 Katoro Property:
Recent magnetic survey demonstrates over 65% of the Katoro property has potential to discover
mineralized zones throughout possible gold-trapping structures (Figure 1).
The most prominent NE-SW trending magnetic lineament in the southern part of the project area
has been interpreted as the same mineralized shear zone, consistent with the Buckreef main shear
zone, which hosts high-grade gold mineralization.
The E-W trending magnetic lineaments in the northern part of the project area are highly
prospective for gold mineralization, typical of gold mineralization at the Tembo gold deposit of the
Buckreef Gold Mine and the Nyamalimbe gold deposit.
Several mining and milling operations exist less than 1 kilometer from the Property boundary
to the north, south, and west.
19.58 km2 road accessible Property, approximately 170 km southwest of Mwanza city, 63 km
southwest of Geita Region.
HETAMIS has been engaged to collaborate with Dr. Didas M. Mabula and complete an initial dipole-
dipole IP survey on the Property consisting of 58 line-kilometers in 5 grids covering a total area of 3.1855
km2 (Figure 2). The work is anticipated to commence immediately with the goal of fast-tracking the
targeting of proposed drill locations. The Company has reviewed the previously announced magnetic
survey data collected by HETAMIS in collaboration with SKYPM Solutions Limited and geophysical expert
Dr. Mabula and has determined that the Katoro property warrants continued exploration work to
delineate drill targets. In collaboration with Dr. Mabula, the Company has determined that
approximately 65% of the Katoro property shows structural features that indicate the prospectivity to
host gold mineralization. It was determined that with such a large prospective area, that the Company
proceed by targeting mainly the northern and central portions of the Property.
Brian Thurston, PGeo, states: "The findings from the magnetic geophysical work of HETAMIS and Dr.
Mabula demonstrate the high prospectivity for gold mineralization to be discovered on the Katoro
property. We now have geophysical confirmation that we are on the Buckreef shear trend which
supports our own interpretation. We see the entire property has high-priority zones for follow up with
Zone 1 only 550 meters from a known small-scale gold operation involving several mills, and Zone 4 only
600 meters away form a medium-scale gold operation involving both milling and leaching operations.”
Figure 1: Prospective mineralized zones of the Katoro Gold Property generated from the
integrated interpretation of the results from the magnetic dataset and known
mineralized shear zones in adjacent areas at Buckreef Gold Mine, Nyamalimbe and
Iparamasa small-scale deposits.
KATORO
Figure 2: Dipole-Dipole Induced Polarization Grids
Simultaneous with the IP program, Cameo intends to continue its aggressive exploration of the
identified magnetic structures with further investigations of targeted geochemical sampling, pitting,
trenching, and geological mapping. Upon completion of this second phase of exploration Cameo is
planning a fast-tracked drill program to evaluate the mineralization potential of the property.
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.
Director Change
The Company has made updates to its board of directors. Casey Lewis has stepped down from the
board. The Company wishes to thank Mr. Lewis for his contributions for the past 2 years.
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 Km 2 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.