Cameo Resources Inc. announced that it has completed over 50% of the initial Induced Polarization geophysical survey previously announced October 8, 2025. The Company has engaged HETAMIS Mineral Services Limited ("HETAMIS") to conduct the IP 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 IP Survey: The groundwork has been completed and raw data collected for over 50% of the initial IP survey on the Katoro property.
The raw unprocessed data is showing multiple priority targets that are coincident with the previously completed magnetic geophysical survey. The depth of the IP targets in the northern part of the project area is similar to the depth of gold mineralization at the Tembo gold deposit of the Buckreef Gold Mine and the Nyamalimbe gold deposits, essentially presiding near surface within the top 60 meters of weathered bedrock. HETAMIS has been engaged to collaborate with Dr. Didas M. Mabula and complete the initial dipole-dipole IP survey on the Property consisting of 58 line-kilometers in 5 grids covering a total area of 3.1855 km2.
Three of five grids have now been completed and the raw data captured. The initial data has shown multiple priority targets with high chargeability readings up to 250mV/V. The Company will wait until all field data has been collected and processed to make decisions on drillhole priorities and field work is anticipated to completed in the next two to three weeks with the goal of fast-tracking the targeting of proposed drill locations. 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. 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 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 activities by several companies including, TRX Gold Corporation, AngloGold Ashanti plc, and IAMGOLD Corporation.
