Subsequent Events	12 Months Ended
Jul. 31, 2012
Subsequent Events
Subsequent Events [Text Block]	8. SUBSEQUENT EVENTS On August 15, 2012, the Company entered into an Independent Contractor Agreement with the Company’s newly appointed Chief Executive Officer and President. The Agreement also appoints the newly appointed Officer to the Board of Directors, which fills a vacant position existing on the Board. The Term of this Agreement will commence on August 15, 2012 through to August 15, 2013, unless formerly terminated. On August 22, 2012, the Company’s board of directors approved an agreement and plan of merger to merge with and into the Company’s newly created wholly-owned subsidiary Punchline Resources Ltd., a Nevada corporation, to effect a name change of the Company from Punchline Entertainment, Inc. to Punchline Resources Ltd. Punchline Resources Ltd. was formed solely for the change of name. On August 30, 2012, the Company filed Articles of Merger with the Nevada Secretary of State for the name change. The Financial Industry Regulation Authority (“FINRA”) approved the name change on September 7, 2012. On August 27, 2012 the Company entered into a Line of Credit Financing agreement with Coach Capital, LLC. Under the terms of the financing agreement, advances up to an aggregate of $1,000,000 will be made available to the Company over a term of one year. The term may be extended for an additional twelve months upon written notice. In consideration the Company will issue a common share at a price equal to the average of the closing prices of the common stock for the preceding 5 Banking Days immediately preceding the date of the notice. On September 25, 2012, the Company provided notice for an advance of $150,000. Upon receiving the funds, on October 2, 2012, the Company issued 96,774 shares of common stock at a price of $1.55 which is the average amount of the closing price of the common stock as per the terms of the financing agreement. On September 7, 2012 the Company entered into a Mineral Lease Agreement with MinQuest, Inc. Pursuant to the terms of the Agreement, MinQuest, Inc., has agreed to lease the Company 100% of the exploration and mining rights to 27 unpatented mining claims in Esmeralda County, Nevada approximately 26 miles south of Goldfield in the Tokop mining district for a period of 20 years (the “Empress Property”). On September 7, 2012 the Company’s newly appointed sole director and officer acquired 30,000,000 shares of the Company’s common stock from the former sole director and officer for total consideration of $30,000. The 30,000,000 shares of common stock represent 60% of the Company’s currently issued and outstanding stock as of October 29, 2012. In connection with this sale, the former sole director and officer provided a release from all liabilities owed to him by the Company. On September 12, 2012, the Company issued 168,068 shares of common stock at a price of $1.19 per share, pursuant to the closing of a private placement, for gross proceeds of approximately $200,000 to one individual. On September 14, 2012, the Company entered into an option agreement with AHL Holdings Ltd. and Golden Sands Exploration Inc., wherein the Company acquired an Option to purchase from them a 70% interest in and to certain mining claims which are situated in the Empress and Winnemucca Mountain Properties in Nevada. The claims, which are subject to a 3% net smelter royalty, consist of a total of 9 unpatented mining claims located approximately 26 miles south of Goldfield, Nevada, in the Topok mining district located in the southern portion of the Walker Lane Mineral Belt in Nevada.

Subsequent Events

12 Months Ended

Jul. 31, 2012

8. SUBSEQUENT EVENTS

On August 15, 2012, the Company entered into an Independent Contractor Agreement with the Company’s newly appointed Chief Executive Officer and President. The Agreement also appoints the newly appointed Officer to the Board of Directors, which fills a vacant position existing on the Board. The Term of this Agreement will commence on August 15, 2012 through to August 15, 2013, unless formerly terminated.

On August 22, 2012, the Company’s board of directors approved an agreement and plan of merger to merge with and into the Company’s newly created wholly-owned subsidiary Punchline Resources Ltd., a Nevada corporation, to effect a name change of the Company from Punchline Entertainment, Inc. to Punchline Resources Ltd. Punchline Resources Ltd. was formed solely for the change of name. On August 30, 2012, the Company filed Articles of Merger with the Nevada Secretary of State for the name change. The Financial Industry Regulation Authority (“FINRA”) approved the name change on September 7, 2012.

On August 27, 2012 the Company entered into a Line of Credit Financing agreement with Coach Capital, LLC. Under the terms of the financing agreement, advances up to an aggregate of $1,000,000 will be made available to the Company over a term of one year. The term may be extended for an additional twelve months upon written notice. In consideration the Company will issue a common share at a price equal to the average of the closing prices of the common stock for the preceding 5 Banking Days immediately preceding the date of the notice. On September 25, 2012, the Company provided notice for an advance of $150,000. Upon receiving the funds, on October 2, 2012, the Company issued 96,774 shares of common stock at a price of $1.55 which is the average amount of the closing price of the common stock as per the terms of the financing agreement.

On September 7, 2012 the Company entered into a Mineral Lease Agreement with MinQuest, Inc. Pursuant to the terms of the Agreement, MinQuest, Inc., has agreed to lease the Company 100% of the exploration and mining rights to 27 unpatented mining claims in Esmeralda County, Nevada approximately 26 miles south of Goldfield in the Tokop mining district for a period of 20 years (the “Empress Property”).

On September 7, 2012 the Company’s newly appointed sole director and officer acquired 30,000,000 shares of the Company’s common stock from the former sole director and officer for total consideration of $30,000. The 30,000,000 shares of common stock represent 60% of the Company’s currently issued and outstanding stock as of October 29, 2012. In connection with this sale, the former sole director and officer provided a release from all liabilities owed to him by the Company.

On September 12, 2012, the Company issued 168,068 shares of common stock at a price of $1.19 per share, pursuant to the closing of a private placement, for gross proceeds of approximately $200,000 to one individual.

On September 14, 2012, the Company entered into an option agreement with AHL Holdings Ltd. and Golden Sands Exploration Inc., wherein the Company acquired an Option to purchase from them a 70% interest in and to certain mining claims which are situated in the Empress and Winnemucca Mountain Properties in Nevada. The claims, which are subject to a 3% net smelter royalty, consist of a total of 9 unpatented mining claims located approximately 26 miles south of Goldfield, Nevada, in the Topok mining district located in the southern portion of the Walker Lane Mineral Belt in Nevada.