Kataro Gold Project

Location

Tanzania

Resources

Gold

Testing the Southwestern Extension of Tanzania's Most Productive Gold System

Located in Tanzania’s prolific Lake Victoria Goldfields, the Katoro Gold Project lies immediately southwest of TRX Gold’s producing Buckreef Gold Mine.

What makes Katoro compelling isn’t simply its location. Modern geophysical studies indicate the same regional structural corridor that hosts the Buckreef continues directly onto and through the Katoro property. Airborne magnetic surveys, Induced Polarization (IP) geophysics, surface sampling, and nearby active mining all support this interpretation.

With priority drill targets now defined, Cameo is preparing to commence its inaugural drill program to test the geological models that form the Buckreef mine to the northeast.

Why Katoro

Successful gold discoveries begin with the right geological setting.

Katoro sits within Tanzania’s prolific Lake Victoria Goldfields, one of Africa’s most productive gold districts, where more than 44 million ounces of gold have been discovered and mined. The project is positioned along the same regional structural trend that hosts Buckreef mine within the area of numerous other ongoing operations by some of the largest gold companies in the world:

Rather than relying on a single exploration indicator, Cameo has systematically built a geological model using multiple independent datasets that point toward the same conclusion: Katoro contains the structural and geological characteristics associated with significant gold mineralization.

Multiple Lines of Evidence

Regional Geological Setting

Katoro is situated along a major northeast-southwest structural corridor that extends across the district and hosts several significant gold deposits.

Modern Geophysics

Airborne magnetic surveys identified the continuation of these regional structures across the property.

Follow-up IP surveys outlined multiple conductive and chargeable zones, including several structural intersections considered highly prospective exploration targets.

These surveys have enabled Cameo to define priority drill targets before drilling begins.

Active Mining Nearby

Gold is already being mined immediately adjacent to the project by commercial operators, and on the Katoro property by artisanal miners

These operations demonstrate that the regional mineralized system remains active throughout the area and provide valuable geological analogues for exploration at Katoro.

Surface Mineralization

Rock sampling of alluvial material has returned high-grade gold values from several target areas, supporting the interpretation that gold-bearing systems extend onto the property.

Exploration Model

The geological evidence collected to date suggests Katoro may host multiple styles of gold mineralization.

Together, these target styles provide multiple opportunities for discovery across the property.

High-Grade Vein Targets

Several target areas display characteristics consistent with high-grade quartz/sulphide vein systems observed elsewhere in the district.

Larger Bulk-Tonnage Targets

IP surveys have also identified broader lower resistivity targets that may represent larger disseminated mineralized systems similar to those being developed at nearby operations.

Exploration Progress

Each stage of exploration has been designed to refine the geological model and prioritize the highest-quality drill targets.

Completed work includes:

Airborne magnetic survey

Induced Polarization (IP) survey

Rock sampling

Structural interpretation

Identification of more than 80 drill targets

Selection of inaugural drill targets

Preparing to Drill

The next milestone for Katoro is the inaugural drill program.

The objective is straightforward: test the first high-priority targets generated through geophysics, and surface exploration to determine whether the geological model translates into significant subsurface gold mineralization.

Katoro Property Technical Report

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.