VANCOUVER, BC, April 10,
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 51
diamond drill holes that were completed as part of a drill program
designed to expand and further define domains of high-grade gold
mineralization at the K2 Zone at New Found's 100%-owned Queensway
project in Newfoundland and
Labrador.
For further details regarding the K2 Zone, 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 April 10, 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 24.58% 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.
