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Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades") is pleased to provide an exploration update on its Nevada subsidiary Made in America Gold Corp. (the "Company", "Made in America Gold" or "MIAG"). The Company has been working to collect baseline geological, geochemical and geophysical data, and to assess all historic information across its portfolio, the biggest junior held land position in America, with the goal of defining exploration and drilling targets towards a new multi-million ounce discovery within the prolific Battle Mountain trend in Nevada.
Exploration Highlights:
- Soil Geochemistry:
A nearly complete 1,200-sample soil geochemistry program using conventional sampling has been designed to cover key hyperspectral anomalies at the Lewis, Horse Mountain, Mill Creek, and Carico Lake projects (Figure 1). The program expands upon MIAG's portfolio-wide geochemical database of 6,359 soil samples. New data will also validate historic gold, mercury, and trace element anomalies at Horse Mountain, where Nevada Gold Mines (NGM) is drilling less than one kilometre to the north. - Hyperspectral Mapping:
Airborne hyperspectral data from SpecTIR has been acquired over the Horse Mountain (Figure 2), Buffalo Valley, Lewis, Hilltop South, and Carico Lake properties and has revealed large areas of alteration related to known gold in soil anomalies and mineralizing Eocene intrusions. Further, a handheld SWIR scanner from Hyperspectral Intelligence is now in use on core and RC chips from historic holes to identify alteration assemblages related to gold intercepts up to 15.2m of 1.55 g/t Au and 62.5m of 1.02 g/t in LS21-015 at Lewis and 4.8m of 5.357 g/t Au in IP22-005 at Iron Point. - Ionic Leach™ Survey:
Over 300 samples have been submitted for Ionic Leach™ ("IL") from the Mill Creek property (Figure 3), located 4 kilometres east of I-80 Gold's past-producing McCoy-Cove Mine, in an area of thin basin overburden. Developed by ALS Global, the IL technique provides ultra-low-level selective analysis of mobile metal ions to detect subtle geochemical halos above buried mineral systems. Mill Creek was staked in 2020 based on past exploration activity and regional public gravity data indicating a basement high, interpreted as a favourable structural and lithologic setting for Carlin-type gold mineralization. - Ground Gravity Interpretation:
Detailed ground gravity surveys have now been completed across most Battle Mountain area projects, including Buffalo Valley, Mill Creek, Lewis and Horse Mountain. The data assists in mapping basin geometry, overburden thickness, and major basement structures that act as conduits for hydrothermal fluids. The new data has revealed several structural corridors considered prospective for hosting gold mineralization, such as the north-south oriented structures tested by sampling shown in Figure 3.
From Made in America Gold's CEO, Justin Daley, "Our exploration strategy across the Battle Mountain district is deliberate and systematic, establishing a consistent dataset across all projects before selecting targets for drilling. By integrating new geophysical, geochemical, and hyperspectral data with extensive historical datasets, we're building a strong technical foundation to prioritize areas most likely to yield discovery.
"The advantage of controlling such a broad, contiguous land position in one of the world's most productive gold regions is the ability to compare, calibrate, and refine exploration models and targets across multiple geological settings. This approach will allow us to focus future drilling where the potential for large-scale, high-grade systems is greatest."
Modern Hyperspectral Exploration Technology
Made in America Gold is utilizing both the advanced airborne hyperspectral surveys along with handheld hyperspectral analysis of historic core and reverse circulation (RC) chips to accelerate exploration efforts. The airborne survey collects long and short-wave infrared wavelengths (LWIR and SWIR) on metre-scale pixels for alteration minerals related to Carlin-type, epithermal, and intrusion-related gold systems characteristic of the multimillion-ounce gold deposits along the Battle Mountain – Eureka Trend. It has revealed extensive alteration anomalies across the project portfolio, some associated with known surface mineralization and historic gold-silver production at Lewis, as well as new relatively underexplored areas with strong clay alteration indicative of a buried hydrothermal system now being sampled at Horse Mountain.
The new downhole SWIR data is already helping to identify alteration assemblages related to significant gold intersections at Iron Point and Lewis from core and RC drilling by Nevada King Gold between 2018 and 2022. This new spectral information, alongside multi-element geochemistry, will be used to better understand and map out the geometry of fluid pathways and guide follow-up drill targeting.
Soil Sampling Methodology
MIAG's use of both conventional soil sampling and Ionic Leach™ analysis reflects a tailored approach to the unique challenges of exploration in Nevada's Basin and Range Province. Conventional soil geochemistry provides effective detection of surface expressions of mineralization in areas with thin soil development and around exposed bedrock, within the Shoshone and Toiyabe Ranges. In contrast, the Ionic Leach™ technique targets subtle signatures that migrate through transported gravel and soil cover, a common feature in Nevada's fault-bounded basins, allowing the detection of potential mineral systems concealed beneath post-mineral gravels.
This dual-method strategy enables MIAG to calibrate geochemical responses across varying depths of cover, building a regional geochemical model that accounts for both surficial and concealed mineralization environments. The combination of these datasets is designed to reduce exploration risk by distinguishing transported anomalies from genuine hydrothermal sources, improving targeting precision for future drill testing.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Made in America Gold Corp. CEO, Justin Daley, P.Geo., who is a non-independent "Qualified Person" as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company focused on junior companies in the resource and mining sector. Palisades seeks to acquire equity participation in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high-quality projects. Palisades 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. Palisades 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 Palisades holds larger positions. Palisades owns an exploration project portfolio in Nevada, USA, the Eco Ridge uranium project in Ontario, Canada, a royalty on the Atlanta Gold Mine Project, and holds physical gold, platinum and silver bullion. Palisades is listed on the TSXV under the stock symbol "PALI". Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 9.9% interest in New Found Gold Corp. (TSXV: NFG)
Neither the TSX Venture Exchange nor its Regulatory 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.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated terms and timing of the proposed acquisition, the expected benefits to Palisades and MIAG, and future exploration or strategic activities, are forward-looking statements.
Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. These assumptions include but are not limited to: the ability of the parties to negotiate and execute a definitive agreement on terms acceptable to all parties; the ability to obtain required regulatory, TSX Venture Exchange and third-party approvals; the availability of capital to fund planned activities; and general economic and market conditions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, without limitation, the risk that the proposed transaction may not close on the terms or timelines anticipated, or at all; exploration and development risks; access to capital; permitting and regulatory risks; commodity price fluctuations; competition; title risks; and general business, economic and market conditions. There can be no assurance that forward-looking statements will prove to be accurate, and readers are cautioned not to place undue reliance on such statements. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws.
SOURCE Palisades Goldcorp Ltd.
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