VANCOUVER, BC, Dec. 6, 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 16 diamond drill holes
that were completed as part of a drill program designed to test the
Keats West zone at New Found's 100%-owned Queensway project in
Newfoundland and Labrador.
For further details regarding the Keats West 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 December 6, 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 25.03% 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.