Cameo Provides Update From Its Induced Polarization Survey At Katoro

Executive Summary

• Cameo Resources has completed over 50 % of its initial dipole‑dipole IP geophysical survey on the 19.58 km² Katoro Gold Property in Tanzania.
• Raw, unprocessed data already reveal multiple high‑chargeability targets that align with previous magnetic surveys and are comparable in depth to known gold mineralization at nearby Buckreef deposits.
• The remaining field work (≈2–3 weeks) will finish the 58 line‑km survey; results will be used to prioritize drill holes for an upcoming inaugural drilling program.

Key Details

• Survey contractor: HETAMIS Mineral Services Ltd., collaborating with Dr. Didas M. Mabula.
• Survey scope: 58 line‑kilometers across five grids covering 3.1855 km²; three of the five grids are now complete and raw data captured.
• Data highlights: high chargeability readings up to 250 mV/V; multiple priority targets coincident with earlier magnetic anomalies.
• Target depth: similar to gold mineralization at the Tembo deposit (Buckreef Gold Mine) and Nyamalimbe deposits, generally within the top 60 m of weathered bedrock.
• Structural prospectivity: approximately 65 % of the property exhibits structural features favorable for gold mineralization; focus will be on northern and central portions.
• Anticipated timeline: field data collection expected to finish in the next 2–3 weeks, after which drilling locations will be fast‑tracked.
• Quote (Brian Thurston, P.Geo., Technical Advisor): “It is exciting to see the initial raw and unprocessed data already indicating high prospectivity… we now have IP data that suggests depths of potential mineralization comparable to what is known at the Tembo Gold deposit.”

Notable Quotes

• Brian Thurston, P.Geo.: “We continue to follow good science as it leads toward fast‑tracking the inaugural drill program.”