VANCOUVER, BC, June 20,
2023 /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 of 22 diamond drill holes completed as part of a targeted
drill program at the Knob prospect area of the Appleton Fault Zone
at New Found's 100%-owned Queensway Project in Newfoundland and Labrador.
For further details regarding the results of the drill holes,
including highlights, images, maps, and information of a technical
nature thereto, please see New Found's news release dated
June 20, 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 26.50%
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.