VANCOUVER, BC, March 13,
2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI)
("Palisades" or the "Company") today announced 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 one diamond
drill hole that was completed as part of a follow-up drill program
at Iceberg, a high-grade zone forming part of New Found's
100%-owned Queensway project in Newfoundland and Labrador.
For further details regarding highlights of Iceberg (Queensway
Project), including information of a technical nature (such as
assay highlights) with respect thereto, please see New Found's news
release dated March 13, 2023,
accessible on New Found's website (www.newfoundgold.ca) and under
New Found's profile on SEDAR at www.sedar.com.
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 26.67%
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.