Business
Cameo Resources to Drill 10-15 High Priority Gold Targets at Katoro, Undertake Private Placement
February 5, 2026 – TheNewswire - British Columbia – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has exec
About this update from Cameo Resources Inc
[{"type":"text","content":"February 5, 2026 – TheNewswire - British Columbia – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has executed a Drilling Services Agreement (the “Agreement”) to initiate the first ever drilling campaign on 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. Cameo has signed the Agreement with HETAMIS Mineral Services Ltd. (“HETAMIS”) of Dar es Salam, Tanzania. HETAMIS offers a comprehensive suite of consulting services that encompass environmental, technical, and operational aspects. Their team has provided consultancy services for all mineral sector-related activities, including geology, mining, mineral processing, and environmental services, delivering high-quality services to their clients. The Company plans to immediately proceed with phased drilling campaigns on the Katoro property to systematically evaluate the 80 drill targets generated from the geophysical exploration the Company recently concluded. The first phase drill holes were selected through a collaborative process with HETAMIS and Dr. Didas M. Mabula, authors of the Technical Report on the Investigation of Gold Mineralized Zones Using Drone-Mounted Magnetic and Induced Polarization (IP) Dataset at the Katoro-Geita Gold Project, Sukumaland Goldfields, North Tanzania (the “Technical Report”). HETAMIS has been tasked with initiating the drill campaign as early as the first or second week of February. Brian Thurston, PGeo, states: \"In only 42 months Cameo has taken unworked virgin ground and scientifically proven that it is a very prospective property to host Buckreef-style gold mineralization. The Company has fast-tracked a drill campaign with 10-15 priority drill targets proposed for phase 1. The team has proven their commitment to shareholders, quickly delivering on this first ever drilling campaign using modern science as a guide. The results from the Technical Report indicate the high prospectivity for gold mineralization to be discovered on the Katoro property. The Company is extremely encouraged by similarities between the Katoro Property and the Tembo Gold Mine ~7km northeast and the Buckreef Gold Mine ~15km northeast.” The first phase of drilling is planned to consist of between 10-15 drillhol...