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Palisades' Made in America Gold Corp. Closes Acquisition of Undercover Gold, Adding 73km2 Ground Package Just 6km South of Fourmile and Goldrush
Palisades' Made in America Gold Corp. Closes Acquisition of Undercover Gold, Adding 73km2 Ground ...
About this update from New Found Gold Corp
[{"type":"text","content":"\n\n\nPalisades' Made in America Gold Corp. Closes Acquisition of Undercover Gold, Adding 73km2 Ground Package Just 6km South of Fourmile and Goldrush\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, Feb. 19, 2026 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) (the \"Company\" or \"Palisades\") is pleased to announce that its subsidiary, Made in America Gold Corp. (\"MIAG\"), has successfully completed the acquisition of Undercover Gold Inc. (\"Undercover\"), for the South Cortez and South Tonkin properties. Undercover was founded by NewQuest Capital Inc. (\"NewQuest\") which is led by an industry-recognized exploration team that has structured numerous earn-in joint venture deals with major mining companies across a global portfolio of exploration projects. Property details for MIAG's ten district-scale projects can be found on the new company website, madeinamericagold.com.The newly acquired properties target classic Carlin-type gold mineralization within the Lower Plate of the Robert's Mountain thrust, a geological setting synonymous with Nevada's largest discoveries. While the Cortez district has a long history of production, the South Cortez and South Tonkin blocks remain remarkably under-explored, particularly at depth. Existing technical data, including seismic and aeromagnetic surveys, and historical drilling, indicates that favorable lower-plate host rock stratigraphy resides at accessible depths of less than 400 meters. MIAG is now positioned to leverage an extensive database to test high-priority targets that have seen limited exploration compared to neighboring major-operated land packages.Justin Daley, CEO of MIAG, stated: \"The closing of the South Cortez and South Tonkin acquisition marks a transformative milestone for MIAG. By integrating these projects into our portfolio, we are easily the biggest junior company landholder in Nevada, controlling roughly 800 km² of the stat...