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Cameo Resources Renews Prospecting Licenses And Mobilizes Drilling Rig
April 15, 2026, British Columbia - TheNewswire – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has started
About this update from Cameo Resources Inc
[{"type":"text","content":"April 15, 2026, British Columbia - TheNewswire – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has started drill mobilization to initiate the first ever drilling campaign at 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. The Company is also pleased to announce that it has successfully renewed two of its Prospecting Licenses for another three years. The Prospecting Licenses are now valid until March 2029. The Company plans to immediately proceed with phased drilling campaigns on the Katoro property to systematically evaluate the multiple drill targets generated from the geophysical exploration the Company recently concluded, see press release dated February 5, 2026. Mr. Brent Strasler, Cameo CEO, states: \" With the Prospecting Licenses renewed for another 3 years the Company plans to fast-track this phase 1 drill campaign with 10-15 priority drill targets. The team has proven their commitment to shareholders by delivering on this first ever drill campaign. Using modern science as a guide, Cameo has proven that the Katoro property is prospective to host Buckreef-style gold mineralization. The Company is extremely encouraged by similarities between the Katoro Property and the Tembo Gold Deposit ~7km northeast and the Buckreef Gold Mine ~15km northeast and we look forward to drilling off several of our high-priority northern anomalies.” The first phase of drilling is planned to consist of between 10-15 drillholes selected from the first of five areas that were tested by induced polarization by the Company, the remaining areas will be tested in subsequent drill campaigns. The first phase drillholes will target the northern project area’s magnetic anomalies with E-W trending magnetic lineaments that are believed to be highly prospective, typical of gold mineralization at the Tembo gold deposit of the Buckreef Gold Mine and the Nyamalimbe gold deposit. Coincidental IP anomalies in this area have Chargeability readings as high as 250mV/V believed to represent massive to semi-massive sulphide zones. The Company has sampled massive to semi-massive sulphide material from mining operations less than 1 kilometer from the northern claim border that have returned gold values...