Assets are worth 2x the market cap (holds 46.7M shares of NFG)
PALI market cap is $125M. Holds 46.7M shares of NFG, currently worth $230M + other assets.
-----------------------------------------------------------------------------------------------
PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M
VANCOUVER, BC, March 1, 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 discovery of Iceberg, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
-----------------------------------------------------------------------------------------------
PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M
VANCOUVER, BC, March 1, 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 discovery of Iceberg, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.