- Cameo Resources (CSE:MEO) received the final report from a high-resolution drone magnetic survey over its Katoro Gold Property in Tanzania, revealing strong potential for gold mineralization across the entire site
- Key fault structures identified—NE-SW and E-W trending magnetic lineaments—mirror known gold-bearing shear zones like Buckreef and Rwamagaza, suggesting high-priority exploration targets
- Next steps include aggressive exploration through geochemical sampling, trenching, and geophysics, followed by a fast-tracked drilling program to evaluate gold potential
- Cameo Resources stock (CSE:MEO) last traded at $0.14
Cameo Resources (CSE:MEO) announced the results of a high-resolution drone magnetic survey over its wholly owned 19.58 km² Katoro Gold Property in Tanzania.
The findings reveal significant potential for gold mineralization across the property, which now includes the recently merged Kempton property.
This content has been prepared as part of a partnership with Cameo Resources Inc. and is intended for informational purposes only.
The survey, conducted in August 2025 by HETAMIS Mineral Services Limited in collaboration with SKYPM Solutions Limited and Dr. Didas M. Mabula, utilized a drone-mounted Geometric MagArrow magnetometre and a GEM GSM-19 base station to map subsurface structures. The results highlight two dominant fault trends—NE-SW and E-W magnetic lineaments—believed to be key indicators of gold-bearing shear zones.
Key findings
- Southern Zone: A prominent NE-SW trending magnetic lineament aligns with the Buckreef main shear zone, known for hosting high-grade gold mineralization.
- Northern Zone: E-W trending lineaments mirror the structural patterns of the Rwamagaza shear, which controls gold mineralization at the Tembo and Nyamalimbe deposits.
- Intersection Zones: Areas where NE-SW and E-W structures intersect are considered highly prospective for discovering major gold-trapping zones
“The findings from the Magnetic work of HETAMIS and Dr. Didas Mabula demonstrate the high prospectivity for gold mineralization to be discovered on the Katoro property,” the company’s technical advisor, Brian Thurston, PGeo, explained in a news release. “We now have geophysical confirmation that we are on the Buckreef shear trend which is exactly what we expected. We can now see the entire property has high-priority zones for follow up with Zone 1 only 550 metres from a known small-scale gold operation involving several mills, and Zone 4 only 600 metres away form a medium-scale gold operation involving both milling and leaching operations.”
Next steps
Cameo plans to aggressively pursue further exploration through:
- Geochemical sampling
- Pitting and trenching
- Geological mapping
- Induced Polarization geophysics
A fast-tracked drilling program is expected to follow, aimed at evaluating the mineralization potential of the identified zones.
Along with the technical progress, Cameo also closed a private placement of 3.42 million units at $0.15 per unit, raising over C$513,000 to fund exploration and working capital. Each unit includes a share and a warrant exercisable at $0.30, with a two-year expiry.
About Cameo Resources
Cameo Resources Inc. is a mineral exploration company working on its Katoro property situated within the prospective Sukumaland greenstone belt within the Lake Victoria goldfield in Tanzania.
Cameo Resources stock (CSE:MEO) last traded at $0.14 and has risen 33.33 per cent since the year began.
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