VANCOUVER, BC, April 3,
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 reported test results
demonstrating 90% to 96% gold extraction from its 2023 Phase I
Metallurgical Testing Program conducted on drill core samples
collected as part of the exploration program at New Found's
100%-owned Queensway project in Newfoundland and Labrador.
For further details regarding the metallurgical testing program,
including highlights, weighted average gold extraction values and
scope of work, please see New Found's news release dated April 3,
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 24.65% 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.