Palisades Goldcorp Ltd. 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 results from 38 diamond drill holes that were completed as part of a program designed to expand on a new discovery called "Iceberg Alley", as well as 114 diamond drill holes that were completed to test a segment of the Keats Baseline Fault Zone ("'KBFZ") at New Found's 100%-owned Queensway project in Newfoundland and Labrador.