TORONTO-- Sep 26, 2012 - Punchline Resources Ltd. (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to announce that its CEO, Mr. Ramzan Savji, has joined the Company's consulting geologists to conduct a comprehensive site visit at the Company's Winnemucca Mountain Gold Property in Nevada.
During the site visit, the group will be assessing near term exploration and development options at the Winnemucca Mountain Property with the goal of developing a better understanding of its large scale potential and fast tracking the next stage of work programs.
"The Punchline team will be spending the next few days conducting a thorough site visit at our newly optioned Winnemucca gold project in Nevada in order determine the most practical way to expedite the next stages of development," said Ramzan Savji, CEO and President of Punchline. "The Winnemucca project has demonstrated enormous upside potential and appears ideally suited for an aggressive exploration program using modern mining techniques. This site visit should provide us with a deeper understanding of the project and allow us to execute the most economic and effective work program possible."
About Punchline Resources
Punchline Resources Ltd. is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company is currently exploring the Empress Project and Winnemucca Mountain Gold Property in Nevada, USA. The Company is also evaluating several additional projects for potential acquisition and/or participation.
Some information in this press release constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements such as but not limited to, the carrying out of planned exploration programs, the establishment of proven resources, and the possible future economic production of minerals. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Punchline Resources Ltd. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Punchline Resources Ltd. disclaims any obligation to update forward-looking statements contained in this press release, except as may be required by law.
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