Punchline Resources Ltd. ("Punchline" or the "Company") is pleased to announce that it has completed initial drilling of selected targets at the Empress Project located approximately 26 miles south of Goldfield, Nevada.
"The completion of the initial reverse circulation drill program at the Empress Project should provide us with important new data regarding the underlying geology of the property and the overall potential of a possible new mine at the site," said Ramzan Savji, CEO and President of Punchline. "Once results of sample assays are returned back from the independent testing laboratory, we expect to analyze the new information before planning the next phase of possible exploration at Empress."
The selected drill targets at Empress were believed to be down-dip extensions of high-grade gold/silver quartz veins mined at the turn of the century by previous operators of the Wonder and Empress Mines. Drilling at the Wonder Mine target was intended to follow up historic drilling that intersected substantial mineralization (3 ft. @ 0.47 oz/ton gold and 3.85 oz/ton silver, 5 ft. @ 0.79 oz/ton gold and 0.46 oz/ton silver). Drilling at the Empress Mine target was intended to follow up recent underground sampling conducted by the Company that encountered significant gold values ranging from 0.302 to 0.841 oz/ton gold and 0.13 to 0.63 oz/ton silver in Adit 3.