VANCOUVER, BC, Feb. 29,
2024 /CNW/ - Palisades Goldcorp Ltd. (TSXV:
PALI) ("Palisades" or the "Company") is pleased to
announce that New Found Gold Corp. ("New Found"), a
significant equity investee of Palisades within the meaning of
applicable Canadian securities legislation, has announced the
results from 97 diamond drill holes that were completed as part of
a drill program designed to test targets, including new zones named
Vegas and Powerline, generated by systematic grid drilling in
proximity to the Monte Carlo Zone at New Found's 100%-owned
Queensway project in Newfoundland
and Labrador.
For further details regarding the Vegas, Powerline and Monte
Carlo Zones, including the results of the drill holes and
information of a technical nature thereto, highlights, images, and
maps, please see New Found's news release dated February 29, 2024,
accessible on New Found's website (www.newfoundgold.ca) and under
New Found's profile on SEDAR+ at www.sedarplus.ca.
About Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd.
is a resource investment company focused on junior companies in the
resource and mining sector. The Company seeks to acquire equity
participation in pre-initial public offering and early-stage public
resource companies with undeveloped or undervalued high quality
projects. The Company focuses on companies that are in need of
financial resources to realize their full potential, are
undervalued in capital markets, and/or operate in jurisdictions
with low to moderate local political risk. The Company expects to
continue to make investments, pursuant to its dual investment
strategy, to achieve broad sector exposure with upside in the event
of appreciation in mineral commodities prices, while also providing
the potential to realize appreciation in net asset values as a
result of discoveries by issuers in which the Company holds larger
positions. The Company is listed on the TSX Venture Exchange under
the stock symbol "PALI". Palisades holds a diverse portfolio of
securities and derivatives, among which it holds a 24.94% interest
in New Found Gold Corp. (TSX-V: NFG).
On behalf of the Board of Directors
"Collin Kettell"
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Palisades Goldcorp Ltd.
