Katoro & Kempton Gold Properties

Regional Location

Cameo Resources has acquired interest in the Katoro Gold Property and is in the process of acquiring the adjacent Kempton Gold Property within the Lake Victoria Goldfields in northwest Tanzania.
The Katoro Gold Property is comprised of 12.52 km2 road accessible properties, approximately 170 km southwest of Mwanza city, 63 km southwest of Geita Region. It is Located within the Sukumaland Greenstone Belt (“SGB”) home for the Buckreef mine along the same strike within Katoro, within the Lake Victoria Goldfields.
The Kempton Gold 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)

Regional geophysical and structural settings suggest an exploration potential for significant gold mineralization within the project areas.

The Lake Victoria Goldfields (LVGF) in Tanzania is a key gold-producing area within the Tanzania Craton, featuring Neoarchaean greenstone belts like Sukumaland and Musoma-Mara, home to major mines such as Geita and Bulyanhulu.
As Africa’s third-largest gold producer, Tanzania relies heavily on the LVGF for its annual output. The region’s geology, with gold-rich quartz veins and shear zones, supports both large-scale production and artisanal mining, boasting over 44 million ounces of reserves.
Emerging projects like Buckreef and Nyanzaga highlight untapped potential in underexplored belts and deeper zones, cementing LVGF’s role in Tanzania’s gold industry and future production.
At present, The LVGF area hosts ongoing operations by some of the largest gold companies in the world and include current activities by TRX Gold (TSX:TRX), AngloGold Ashanti plc (NYSE:AU), Perseus Mining (ASX/TSX-PRU) and Barrick Mining (NYSE:B).

The Katoro Gold 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.

Cameo has entered into an Agreement to acquire the Kempton Gold Property based on the positive NI43-101 Technical Report (the “Technical Report”) it has received on the Katoro Gold Property. The Technical Report will be made available on the Company’s website shortly.
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).
Cameo intends to acquire the Kempton Property to extend the length of the strike zone which follows the same trend as Katoro and expands coverage of the strike length from 3 km to 5.6 km.

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 (see inset).

KATORO GOLD PROPERTY – TECHNICAL REPORT (3MB PDF)

This report was commissioned by Cameo Resources Inc. with Brian Thurston, P.Geo. (the “Author”) retained to prepare an independent Technical Report on the Katoro Gold Property.

The report is intended to provide a summary of material scientific and technical information concerning the Property and, in so doing, fulfill the Standards of Disclosure for Mineral Projects according to Canadian National Instrument 43-101 and Form 43-101F.