PALISADES ANNOUNCES NAME CHANGE OF ITS 100%-OWNED NEVADA PORTFOLIO TO MADE IN AMERICA GOLD CORP.
Highlights:
- Made in America Gold is the third largest landholder in
Nevada with more than 10,000 mineral claim holdings along the Battle Mountain Trend, all in close proximity to operating and past-producing gold mines (Figures 1 & 2). - The mineral claim portfolio was established in 2015 at the bottom of the mining exploration cycle, allowing Made in America Gold to acquire significant and strategic land packages in one of
Nevada's most prolific gold mining trends, primarily via staking. As a result, the Company avoids costly option payments, work commitments, and NSRs. - Made in America Gold was established based on a prospect generator model, which multiplies its chances of success and offers several strategies to unlock the potential of each project area.
- In addition to the land holdings, Made in America Gold retains a 3.0% NSR royalty on the
Atlanta Gold Mine Project 1, which is held byNevada King Gold Corp. (TSX-V:NKG), and is focused on advancing a high-grade oxide discovery inLincoln County, Nevada . - Made in America Gold is in the process of launching a new website and corporate presentation that are expected to be released shortly.
1 3.0% NSR royalty is net of existing royalties on the |
About
On behalf of the Board of Directors
"Collin Kettell"
Neither the
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, without limitation, relating to the merits of the Company's mineral claims and NSR portfolio and the Company's expectation of future investments and any potential appreciation thereof are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Palisades, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, liquidity, market, interest rate, currency, commodity and credit risks associated with financial instruments, and changes in commodity prices . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Palisades does not assume any obligation to update these forward-looking statements should they change, except as required by applicable securities laws.
SOURCE