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Cameo Resources Completes NI43-101, Initiates Geophysics, And Expands Its Katoro Property In TANZANIA
August 28, 2025, British Columbia – TheNewswire - Cameo Resources Inc. (CSE: MEO, FZE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has comple
About this update from Cameo Resources Inc
[{"type":"text","content":"August 28, 2025, British Columbia – TheNewswire - Cameo Resources Inc. (CSE: MEO, FZE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has completed an NI43-101 Technical Report and conducted a high-resolution drone magnetic survey for the Katoro Gold Property (“Katoro”), located in the Geita region of the Lake Victoria Goldfields of Tanzania. Furthermore, Cameo has entered into an agreement to acquire the Kempton Gold Property adjacent to Katoro, expanding the Katoro Gold Property by 6.21 square kilometers (km). Cameo has entered into an Agreement on August 25. 2025 to acquire PL 12902/2024, the Kempton Gold Property (“Kempton”), based on the positive NI43-101 Technical Report (the “Technical Report”) it has received on the Katoro Gold Property (Figure 1). The Technical Report will be made available on the Company’s website. The Kempton property adjoins the Katoro to the south and covers 6.21 square kilometers (km) 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. Figure 1: PL 12902/2024 Kempton Gold Property. The Company has expedited recommendations from the Technical Report and has expanded its high- resolution drone magnetic survey, run by HETAMIS Mineral Services Ltd. of Dar es Salam, Tanzania, to include both the Katoro and the Kempton properties using a MagArrow II from Geometrics Canada. A total of 444 line-kilometers have been flown at a 50-meter line spacing. Preliminary processing from the field data shows that the main regional lineament from the Buckreef Gold Mine less than 20 kilometers north-east extends onto and through the Katoro and Kempton Gold Properties as expected. Several secondary east-west structures believed to be the best exploration targets for gold mineralization are observed to crosscut the interpreted primary shear zones (Figure 2). Figure 2: Katoro and Kempton preliminary Magnetic survey results. The combined properties now cover 18.73 square kilometers (km) 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 seve...