Cameo Resources Begins First Drilling Program at Katoro Gold Property

Cameo Resources Inc. (CSE:MEO) has commenced its inaugural drilling campaign at its wholly owned Katoro Gold Property located in Tanzania. The Phase 1 exploration program is scheduled to consist of 10 to 15 drill holes. These holes will target shallow magnetic and induced polarization anomalies at depths ranging from approximately 120 to 150 meters. Local operator HETAMIS has been hired to manage the operations.

This campaign represents a critical transition for the company from initial target generation using geophysics to active discovery drilling on the greenfield project. The shallow nature of the targets is designed to keep drilling costs low and accelerate the delivery of results, which helps preserve capital. To support this work, the company recently secured $1.04 million through private funding, which covers the expenses of this program and provides working capital.

Investors will be monitoring the upcoming assay results from this initial phase, as positive findings could significantly lower the exploration risk profile of the property. For the project to progress, the company will need to deliver strong assay results and establish the continuity and scale of any discovered gold mineralization through subsequent drilling campaigns.