Chartwise it looks like it is about to go off the cliff.

Well, good luck with that. Mining is tough enough when you do everything right, I think I will stick with companies that are on the up and up.

Bend over and grab your ankles! Your reward is on the way!!!

Punchline Resources Discusses Growth Strategy and Corporate Mission Statement

TORONTO--(Marketwire - Sep 14, 2012) - Punchline Resources Ltd. (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to provide this update with regard to the Company's mission statement and ongoing growth strategy.

"The last 30 days have been incredibly productive for the Company. During that time, not only have we efficiently transitioned our focus to the mining sector, but we have also successfully attracted significant funding, acquired our first exciting gold exploration project, and then swiftly put qualified people on the ground to advance that project," said Ramzan Savji, CEO and President of Punchline. "Going forward, we will continue to execute an aggressive, yet measured, growth strategy and stay true to our mission of building a well-funded and diversified producing gold company. I look forward to leading these efforts for the benefit of all our stakeholders."

Punchline Resources intends to implement a well-balanced growth and development strategy with the ultimate goal of building and maintaining shareholder value. Key elements of this growth and development strategy include:

Establish and maintain a consistent source of funding to allow the Company to acquire interests in various gold mining projects. The Company has already been successful at securing an initial $1,000,000 financing agreement to fund project acquisitions and exploration. A primary focus of the Company will be to continue to utilize its available funding in a fiscally responsible manner. In addition to its current cash position, the Company has an additional $800,000 remaining of its current funding agreement.

Build a well-diversified portfolio of highly prospective gold exploration and development projects. Punchline has been successful at acquiring the Empress Gold and Silver Project in Nevada. The Company continues to evaluate and negotiate for interests in additional suitable gold projects for possible acquisition.

Quickly, efficiently, and cost-effectively explore and develop its portfolio of gold exploration and development projects. In less than one week following the acquisition of the Empress Gold and Silver Project in Nevada, the Company was able to mobilize a team of qualified geologists to the property to conduct an initial sampling work program over one of the two high-priority targets.



Those samples have been sent to an accredited third party laboratory for independent testing and analysis. Based on the results of the sampling program, the Company intends to immediately proceed with a diamond drill program to test and confirm gold mineralization continuity at depth and to establish proven reserve estimates that can be exploited through modern mining techniques.

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 Gold and Silver Property, in Nevada, USA. The Company is also evaluating several additional projects for potential acquisition and/or participation.

-----

The only site I can find with information on the Empress Mine is causing my browser to warn me that the site is infected with malware, which I think pretty much says it all about this play. Wear three condoms before getting jiggy with this one! LOL...

montanore - that is an excellent list. How does Andes measure up?

tsl

Right, right! Who cares if they are even mining gold at all, right! Just write the numbers down on a spreadsheet and make a profit, whoop de doo. Sure beats doing it the other way! Nudge, nudge, wink, wink, say no more, say no more!

"I just hope they're not claiming the same territory."

Huh? The mills that New World has in Ecuador and Peru are the ones operated by Andes. I hope that's not news to you. Because New World has majority ownership in Andes, they make it look like it is their own operations but...that is not the case. So you can market the same set of assets under two different brands. It's delightful, it's delicious, it's delovely.

"I wonder if that is privileged info the don't have to reveal to anyone."

I hope you are kidding about this. What is the point of filing any financial statements at all if they omit absolutely crucial information? We are talking about revenue here, not some obscure balance sheet item. Why doesn't this company just tell us how many ounces of gold and how many ounces of silver they sold each quarter? Like all other producers?

The reports for H1 2012 are available here:

http://www.otcmarkets.com/stock/AGCZ/filings

FINRA thinks that the way reserves are reported is crucial. I agree:

Warning signs related to gold stocks include:

Price targets or predictions of swift and exponential growth. These predictions often are based on gold reserves, the actual existence and true size of which are next to impossible to verify. A company recently claimed that its mine in Nevada contained “approximately 2.14 million ounces of gold equivalent resources,” with an estimated market value of over $2 billion. Based on these reserves, the company touted in one of its promotions that an investment “Could turn $10,000 into $384,600.” [emphasis added]

I found this article from FINRA posted on another board here at iHub, I think it pretty well describes the situation we have here...

"Touts and outright scams come in many forms and involve many types of investments. Right now, you would do well to avoid unsolicited promotions of low-cost "gold" stocks. They are likely to mine a hole in your pocketbook."

http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/FraudsAndScams/P124119

Look again, sunspotter! Why, the gold is practically jumping out of the ground and forming itself into bars!

Historic exploration and mining activity appears to indicate two possible gold/silver vein targets located on the property that the Company believes warrant follow-up and possible diamond drilling to test mineral grade and continuity at depth.

ROTFLMAO!

The next Newmont...not...

Punchline Resources Begins Exploration Program at Empress Gold and Silver Property in Nevada

TORONTO--(Marketwire - Sep 11, 2012) - Punchline Resources Ltd. (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to announce commencement of an exploration work program at the Empress Property, located approximately 26 miles south of Goldfield, Nevada. The Company has directed qualified geologists to the property to undertake a sampling program targeting underground historic mine workings as well as surface exposures of possible gold/silver bearing quartz veins and other altered rocks.

"The Empress Property is an exciting opportunity for the Company mainly because of the widespread production history of the local area and great exploration upside potential, but also due to the property's location, ease of road access, and readily available qualified mining experts to move the project forward quickly," said Ramzan Savji, CEO and President of Punchline. "Because of these ideal conditions, we already have our people on the ground at the historic mine sites taking new samples of the old workings and mapping the property to identify possible targets for a drill program to test the promising gold/silver bearing veins. We expect to have initial sample results back from a third-party testing facility within two weeks."

In total, seven (7) horizontal adits make up the two historical mines within the property, the Empress Mine and the Wonder Mine. The Empress Mine was discovered in the 1860s and although past production was poorly documented, there are still remnants of a mill and stone foundations. The Wonder Mine, located 2,000 feet southwest of Empress, was worked in the 1930s and has the most accessible workings of the two mines. Many of the other workings are badly caved. Historic exploration and mining activity appears to indicate two possible gold/silver vein targets located on the property that the Company believes warrant follow-up and possible diamond drilling to test mineral grade and continuity at depth.

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 Gold and Silver Property, in Nevada, USA. The Company is also evaluating several additional projects for potential acquisition and/or participation.

Yup. Just look at Punchline Resources. Unbelievable what is getting floated out there...

It is pretty clear that he is saying to avoid this one and find some real companies. Why buy something that is buried under a mountain of red flags when the gold bull market is reasserting itself in spades. The money that is going to be made with legitimate mining companies is going to be astonishing. That's the plan anyway. ;^)

From the financials as of 6/30/12:

On October 1, 2010, Andes Gold Corporation entered into an agreement for the exchange of shares with New World Gold Corporation, whereby the New World Gold Corporation acquired a 54% controlling interest in the Issuer, and Andes Gold Corporation acquired a 20.57% interest, in New World Gold Corporation. As a result, Andes Gold Corporation became a majority-owned subsidiary of New World Gold Corporation.

On May 26, 2011, February 23, 2012, and April 17, 2012 in recognition of New World Gold Corporation’s various services delivered to Andes Gold Corporation, New World Gold Corporation’s controlling ownership of Andes Gold Corporation was increased on each date such that as of June 30, 2012, it holds 67.23% of the issued and outstanding shares of common stock of Andes Gold Corporation.

...also...

During the six months ended June 30, 2012, the parent corporation, New World Gold Corporation, has advanced the Company additional capital for improvements, equipment, routine working capital and other expenses. Such advances are recorded under Long Term Liabilities, “Related Party – New World Gold Corporation” in the amount of $613,728.80.

Vice is nice, but incest is best...apparently. ;^)

Captain Xray - imo your diagnosis is 100% accurate and your comments were more than diplomatic. And that isn't bean dip...I would not stick a nacho chip into that bowl...LOL...

10-Q? Ain't gonna happen. This company said they were going to get their financials audited and then we never heard another word about it. That was in the 4/1 interview. They said they would post and independent geologist's review of their resources on their web site and we are still waiting for that too. They referred to the report in the recent interview but...and this is the really strange part...the name of the geologist was never mentioned, anywhere. Now, if I was going to go out and pay a consultant to put their reputation on the line and report on my resources, I would want everyone to know his name. You know, so the rest of us could check on credentials. It's kind of important in this business as when people start making up stories about their resources that usually leads to investors getting hurt. The stocks of my legitimate gold companies are flying today. Woo hoo!!!

Whoop de doo. Wake me up when it gets to a penny.

Whatever! The market is the referee and agcz is down 14.29%. Your champ needs a medic...

"The average head grade of ore being processed is 1.0 Oz gold and 15g of silver per ton of ore."

Says who? Where are the independent third party confirmations of any of this? There are none, that's where. No principal geologist, no 43-101 compliant reports, no independent assay labs...NONE of the assurances that are ROUTINELY provided by LEGITIMATE mining companies.

"On the Miranda vein, the company has 95,000 oz. of proven reserves."

Where's the proof? You cannot claim something to be proven without providing any proof. Until we have some date, what they have is 95,000 ounces of self-proclaimed reserves.

"Inferred reserves from the 700m level on Miranda, Azul, Estrella, Sul and Viscaya veins are 600,000 oz."

How are the inferred reserves determined, exactly. Since the company has said they are not using 43-101 standards, we have no idea how many drill holes were done or samples taken over what area and intervals to make a determination of 600,000 ounces. What method was used? The Karnak Method?

Whatever happened to the silver? They talk about it on the web site but you never hear any production or sales numbers. I thought it was hysterical when Talbot talked about the end product coming out of the mill being a gold nugget. Duh!!! How about a gold bar? Nuggets are what come out of a stream bed. And again...he said nothing about silver being an end product. So...where does it go?

Alter NRG licenses Westinghouse for $3 million (U.S.)
Ticker Symbol: C:NRG

Alter NRG Corp (C:NRG)
Shares Issued 70,555,533
Last Close 9/4/2012 $0.44
Wednesday September 05 2012 - News Release

Mr. Walter Howard reports

ALTER NRG CORP. SELLS EXCLUSIVE LICENSE FOR SOUTH KOREA TO POSCO ICT FOR $3 MILLION

Alter NRG Corp. has executed an exclusive territory license and joint development agreement with POSCO ICT for $3-million (U.S.). Under the terms of the agreement, POSCO ICT will have exclusive access for 5 years to Alter NRG's Westinghouse Plasma Gasification Technology for projects that are located in South Korea. POSCO ICT is a subsidiary of POSCO (NYSE: PKX; LSE: PIDD), which is one of the world's largest steel companies, and provides engineering and innovative technology products and services worldwide.

The Agreement stipulates that POSCO ICT will pay an initial installment of US$1 million with the remaining US$2 million paid when POSCO ICT finalizes an engineering contract for its initial project in South Korea. The US$3 million represents exclusive license fees and Alter NRG will provide engineering support, plasma gasification equipment and assist POSCO ICT during the commissioning for each project at market rates. POSCO ICT will also purchase site licenses for each project which provide Alter NRG the option to invest up to 25% in any POSCO owned and operated projects that utilize the Westinghouse Plasma Gasification Technology. Posco ICT currently has a project advancing which project output and economics are being reviewed. Under the term of the agreement Posco ICT must make the initial installment by October 15th, 2012 and failure to make this payment will nullify the agreement.

Walter Howard, Alter NRG's CEO, states "We are delighted to have a globally recognized company like POSCO ICT as a customer. After working with the POSCO ICT team for the past year, it is clear that POSCO ICT is aggressively pursuing waste to energy solutions in South Korea. POSCO ICT is another example of a customer that is a multinational company with a strong balance sheet that we believe has the ability to quickly develop projects".




http://tmx.quotemedia.com/article.php?newsid=54047735&qm_symbol=NRG

Punchline Requests Initial Funding Agreement Drawdown

TORONTO--(Marketwire - Sep 5, 2012) - Punchline (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to announce that the Company has requested an initial funding drawdown of $200,000 from the recently secured $1,000,000 Line of Credit Facility (the "Line of Credit"). Based on discussions with the Line of Credit provider, it is anticipated that the funding will be received by the Company within the next 48 hours. Proceeds of this financing will be used for gold exploration and development project acquisition, general working capital, and other such purposes as the Company may determine from time to time.

"We are very excited to have access to new and future investment capital to put towards our rapidly developing growth strategy," said Ramzan Savji, CEO and President of Punchline. "This first round of funding should be put to good use quickly as we expect to acquire interests in one or more exciting gold exploration and development projects over the next few weeks."

Following receipt of the initial $200,000 in funding, the Company will have access to an additional $800,000 on the current Line of Credit. Further expansion of the Line of Credit may be considered, if agreeable to both parties.

About Punchline

Punchline Entertainment Inc. (soon to be Punchline Resources Ltd.) is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company is currently evaluating several projects for potential acquisition and/or participation.

---------------

I know we're not supposed to talk reality on this board, but seriously, this press release is too funny! Borrow a million dollars and build a mining company? Bwaa-hahahhahahaha!!! Oh right...it's a promo...not a mining company. Russian Roulette...bring it on!!!

It is not feasible for many shareholders or investors to do site visits. It is expensive and time-consuming. I know something about site visits...I have been on many of them. I was in the Yukon this summer visiting several mining companies. How about you? But I digress. The point is, the company should provide enough information for investors and shareholders to make informed decision. The industry has adopted standards like CIM definitions and 43-101 specifications to reduce the possibility of fraud.

This company is using terms like "proven reserves" that convey very specific information under 43-101 specifications without making clear that they are taking those liberties. In other words, as a potential investor or a shareholder...you really have no idea what they have. Every legitimate mining company I have examined has a principal geologist that signs off on the press releases and technical reports, complies with 43-101 standards, uses independent assay labs that are identified by name...and so on. Please do keep believing, your reward is on the way, LOL.

Chopper pad at Silver Range Resources exploration camp:

My point is not to discourage you. If you bought the stock without doing your due diligence, if you continue to hold the stock in full knowledge of the deceptive practices that this company uses to entice unwary investors...then I would say you will probably get what you are demanding from the market, which is to lose money. I will not shed a tear. I am blowing the whistle on what appears to me to be a crime in progress. If you came across Bernie Madoff and recognized him for what he is, would you refer all your close friends and relatives to him, or warn them away?

I see POG pushing 1700 and I also see NWGC, AGCZ's parent company is hitting multi-year lows. Why is that? Because of my posting here? I don't think so. Okay, so you went back and read all of my posts...did you also check what I was saying to see if I was accurate or inaccurate? You think a conversation with the CEO is going to clear up my questions? I think not. I listened to the second interview with the CEO that you posted today. There is no question in my mind what is going on here. Another thing, I bet the objectivity...oops, I mean negativity...of my posts wouldn't bother you a bit if the stock were behaving well. But the fact is that the stock is performing very poorly despite nothing but good news and ramping revenues and earnings. There are very good reasons for that. You seem particularly determined to avoid examining them. I wonder how well this approach has served you in the investment arena?

Yah...I can see that the market is really impressed! The stock is hitting a multi-year low on this news and for many good reasons!

I am optimistic and positive by nature although you are correct that you wouldn't know that from my posts here. The reason why I am consistently negative on the company is because I believe that they are intentionally misleading investors. There are any number of red flags that I have pointed out and I think the stock price reflects the fact that the market is well aware of them. This company cannot attract any knowledgable mining investors because the information they have made available is completely insufficient to make an informed decision. If you would care to take on the substance of my contributions as opposed to merely commenting on the tone of them I am sure we would all greatly benefit.

Sounds about right. Just move the decimal place a couple spots to the left. LOL.

Ummm...okay! The fact that they are using their own definitions of terms such as "proven resources" that are universally understood within the industry to imply a specific amount of work to specific standards has been done to develop the proof is, in my opinion, an attempt to deceive investors about the character of the resources which the company claims to have in its possession. What is your opinion of that fact?

I don't understand why production is still at 60 ounces/day. They should be at a multiple of that by now based on their own guidance. Also, how much of that production is their own ore vs. ore that they are purchasing from other mines. I don't understand how they can make better margins buying ore from someone else and running it through the mill vs. running their own ore through the mill. They say they have reserves to fill out production capacity and yet here we are...operating nowhere close to capacity and using third party ore as a supplement to boot.

“The places where we have bought our mills, we are the only mill in that area."

Uh...no...Talbot is wrong on that. Dynasty Metals has an operating mill that is located very close to where Andes has their mill. Dynasty's mill has a capacity of 800 tonnes/day with room to expand significantly. It is many times larger than the Andes mill.

Also the reason they keep referring to "proven resources" is so that people will be tricked into thinking that the company has 43-101 compliant resources, which of course they do not. The word "proven" in the context used by Andes has zero meaning. They might as well say "shiny resources". LOL.

Yes impressive revenue growth but the market is not going to give the company credit for it because none of their numbers are credible. And they are trying to soak investors twice by promoting the same story through two different companies (Andes Gold Corp/NWGC). Talk about double-dipping! How many ounces of gold did the company produce in 2011 or Q1 2012? How many of those ounces were from their own mines as opposed to ore from neighboring mines? Is that ore provided on a toll milling basis or are they purchasing the ore? How much do they have to pay if it is the latter? Sherlock Holmes would be challenged to figure this one out...LOL.

I'm looking for a few things in the near to mid-term...finalized torch sales to China, one or more license deals and possibly news on the second plant in the UK with Air Products. And maybe something from Wuhan Kaidi.

We haven't gotten one set of verifiable results yet so why would you expect them now? The only way this company can get any momentum, stock-wise, is to continue to attract buyers that have zero knowledge of the mining industry. Who is the principal geologist? Which assay lab is used to process their samples? Those two crucial items are routinely identified in press releases by legitimate operations.

Looks like a hot one...

Sounds like this is it...

GOLDFIELD WEST

The Goldfield West Property is an advanced exploration property with defined targets including a defined resource comprised of 105 unpatented mining claims covering a total of 850 hectares, or 2100 acres. The property is located approximately 3.5 hours Northwest of Las Vegas, Nevada by car, and approximately 3 miles west of the town of Goldfield. The Goldfield West property is easily accessible by well-graded dirt roads, and adjacent to International Minerals Goldfield properties, which contain a reported 1.2 million ounces of gold resources. The Goldfield district is famous for multi-ounce, bonanza gold ores and has recorded historic production in excess of 4 million ounces of gold at an average grade of > 17 g/t Au.

Geologically speaking, the Goldfield West property encompasses an area of Tertiary volcanic and volcanoclastic rocks. The U.S. Geological Survey (USGS), and several mining exploration companies, hypothesize that the western edge of a caldera rim runs through the property. Historic work conducted by Bear Creek, Placer Amex, U.S. Borax, Northing Mining and Bonaventure Enterprises has led to the completion of 138 drill holes in this area. The data compiled from drilling results and a wealth of information gathered through geological mapping, geochemical sampling and geophysical surveys has identified three distinct targets over a strike length of 3.5 miles. Bonaventure's work campaign, one of the most recent completed on the property, combined geophysical surveys, geochemical sampling and 23 reverse circulation drill holes with Nevada Eagle and South targets helped define at least 220,000 ounces, or more than $300 million in resources. Such results tend to confirm the existence of a gold-bearing hydrothermal system associated with the argillization and silification of host rocks nearer to feeder structures.

Results from the drilling that began in September 2011 have come in and are discussed in the company's January 12 press release.

All American Gold Corp. holds a 35% interest in the Goldfield West property and retains the right to acquire a further 10% interest in the property.

Goldfield West has been permitted for a total of 21 holes and the company will continue to further assess the overall potential of the exploration property.

http://www.allamericangoldcorp.com/projects/goldfield.php

Punchline Signs Letter of Intent to Acquire Interest in Advanced Stage Gold Exploration Project in Nevada

TORONTO--(Marketwire - Aug 31, 2012) - Punchline (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to announce that the Company has signed a Letter of Intent to acquire an interest in an advanced gold exploration and development project in the State of Nevada, USA. The proposed acquisition project is located approximately three miles west of the town of Goldfield, Nevada.

"This project meets all of the criteria we are looking for in a potential acquisition, including an initial calculated gold resource estimate and well defined exploration targets," said Ramzan Savji, CEO and President of Punchline. "We believe that acquiring an interest in this advance exploration project would provide the Company and its stakeholders with a solid asset base and significant upside exploration potential. We anticipate the conclusion of due diligence and negotiations to take place within the next ten days."

Nevada is one of the largest producers of gold in the world. Nevada gold mines produce approximately 79% of all the gold mined in the United States and 5.6% of all gold produced in the world -- 5,338,559 ounces in 2010.

The potential acquisition remains subject to, among other things, Punchline and the current interest holders completing satisfactory due diligence and entering into a definitive agreement. There can be no assurance that any transaction will be completed as proposed or at all.

About Punchline

Punchline Entertainment Inc. (soon to be Punchline Resources Ltd.) is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company is currently evaluating several projects for potential acquisition and/or participation.

I dunno...market cap of $50MM based on...what? Don't close the oven door too hard, imo...

The 5 day ema is crossing up over the 200 day ema. See if we can get multiple closes over the 200 now...