(TheNewswire)
July 2, 2025 – TheNewswire - SURREY, BritishColumbia– CameoResourcesInc.(CSE:MEO)(“Cameo” or the “Company”)ispleasedtoannouncethatithas completed an initial site visit of the Katoro Gold Properties(the“Properties”)located inthe Geita region of the Lake Victoria Goldfields of Tanzania. Geologists visited the Properties and several active mining and milling operations surrounding the properties. Twenty rock samples were taken as part of this review and the samples have been shipped to Canada for analysis.
Highlightsofthe Katoro Property:
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Current mining and milling operations surrounding the Properties less than 1 kilometer from property boundaries to the north, south, and west.
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Gold bearing quartz vein material from surface in an alluvial setting is the current focus of mining for hundreds of local miners in the area. The company has yet to determine the limits of this type of mineralization observed on the Properties.
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12.52 km roadaccessible Properties, approximately 170 km southwest of Mwanza city, 63 km southwest of Geita Region.
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Located within the Sukumaland Greenstone Belt (SGB”) home for the Buckreef mine along the same strike within Katoro, within the Lake Victoria Goldfields in north-west Tanzania.
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Regional geophysical and structural settings suggesting an exploration potential for significant gold mineralization within the project areas.
SouhailAbi-Farrage,President&CEOofCameo,commented:"The Katoro property is uniquely situated in the center of many currently active small scale gold operations. Just 500 meters south of our property boundary a private group has recently completed two large open pits and is in the process of building a mill, a leach pad, and a carbon in leach processing plant. Multiple small privately run mills only 500 meters to the west of our property boundary are in operation exploiting gold rich structures in hard rock less than 100 meters from surface, and small to medium scale mining and processing operations are located less than 800 meters to the north of our property boundary. We are excited to see the results of our initial sampling from this area while we plan a path forward to confirm the mineralization potential of this highly prospective property."
The Katoro Gold Properties
The Properties cover 12.52 square kilometers situated within the prospective Sukumaland Greenstone Belt within the Lake Victoria Goldfield (LVGF) (Figure 1). One of the most important mining sites in Africa, Tanzania’s LVGF holds several multi-million-ounce gold deposits and has ongoing operations by some of the largest gold companies in the world. The 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. The concessions occur within a broader area that has seen exploration and mining activities by several companies including, TRX Gold Corporation (TSX:TRX), AngloGold Ashanti plc (NYSE:AU), and IAMGOLD Corporation (TSX:IMG).
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Figure 1: LOCATION KATORO GOLD PROJECT of the Lake Victoria GoldField greenstone belts in north-western Tanzania.
QualifiedPerson
Brian Thurston, P.Geo., the Company’s technical advisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technicalinformationinthisnewsrelease.
AboutCameoResourcesInc.
Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and developing valuable mineral deposits. Formore informationonCameoResources,pleasevisitthewebsiteatwww.cameoresourcesinc.com.
OnbehalfoftheBoardofCameoResourcesInc.
SouhailAbi-Farrage
ChiefExecutiveOfficerandDirector PhoneNumber: 1-800-325-1308
Forfurtherinformationcontact:
Investor Relations;
Email: IR@cameoresourcesInc.com
Phone Number: 1-800-325-1308
ForwardLookingInformation
Thisnewsreleasecontainscertain“forward-lookinginformation”and“forward-lookingstatements” (collectively“forward-lookingstatements”)withinthemeaningofapplicablesecuritieslegislation. Forward-lookingstatementsarefrequently,butnotalways,identifiedbywordssuchas“expects”, “anticipates”,“believes”,“intends”,“estimates”,“potential”,“possible”,andsimilarexpressions,or statementsthatevents,conditions,orresults“will”,“may”,“could”,or”should”occurorbeachieved. All statements, other than statements of historical fact, included herein, without limitation, relating to thetimingforclosingtheLOI,orthattheLOIwillcloseatall,areforward-lookingstatements.There canbenoassurancethatsuchstatementswillprovetobeaccurate,andactualresultsandfuture eventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Forward-lookingstatements reflectthebeliefs,opinionsandprojectionsonthedatethestatementsaremadeandarebasedupon anumberofassumptionsandestimatesthat,whileconsideredreasonablebyInterra,areinherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.Manyfactors,bothknownandunknown,couldcauseactualresults,performanceor achievementstobemateriallydifferentfromtheresults,performanceorachievementsthatareor may be expressed or implied by such forward-looking statements and the parties have made assumptionsandestimatesbasedonorrelatedtomanyofthesefactors.Suchfactorsinclude,without limitation, risks that lease holder will notapprovethesaleoftheProperty, risksassociated withpossibleaccidentsandotherrisksassociatedwithmineralexplorationoperations,theriskthat theCompanywillencounterunanticipatedgeologicalfactors,risksassociatedwiththeinterpretation ofexplorationresults,thepossibilitythattheCompanymaynotbeabletosecurepermittingand othergovernmentalclearancesnecessarytocarryouttheCompany'sexplorationplans,theriskthat theCompanywillnotbeabletoraisesufficientfundstocarryoutitsbusinessplans,andtheriskof political uncertainties and regulatory or legal changes that might interfere with the Company's businessandprospects.Readersshouldnotplaceunduerelianceontheforward-lookingstatements andinformationcontainedinthisnewsreleaseconcerningtheseitems. Cameo doesnotassumeanyobligationtoupdatetheforward-lookingstatementsofbeliefs,opinions,projections,orotherfactors,shouldtheychange,exceptasrequiredbyapplicablesecuritieslaws.
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