VANCOUVER,
BC, Oct. 23, 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 from 37 diamond drill holes
that were completed as part of a drill program designed to expand
the high-grade gold mineralization at the Golden Joint Zone to
surface at New Found's 100%-owned Queensway project in Newfoundland and Labrador.
For further details regarding the Golden Joint
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 October 23,
2023, 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 26.11% 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.