The Empress Property consists of nine mining claims situated about 26 miles south of Goldfield in the Tokop mining district and the historic Empress Mine with seven horizontal adits,
The Gold Point district, located immediately to the north of the produced gold and silver valued at approximately $500m.
Punchline CEO and president Ramzan Savji said the company will work with local geological servic providers and explore gold on the property.
"The Empress Gold and Silver Property looks to be a very good fit for our Company’s aggressive growth strategy because of the historic work already completed on the property and its apparent significant exploration upside potential,"
Punchline also requested and received $200,000 from its $1,000,000 Line of Credit Facility provider to carry out the exploration and development program, finalize potential acquisitions, use a part of the finanace for the general working capital, and for other purposes.