I use a socket for punching the bolt holes,works great on regular gasket material,not sure about cork but I'd try it.Be sure to have a good hard background when hitting the socket with a hammer.
Pick up one of those hole punch kits at northern tools or tractor supply for about $20. Use a good piece of hardwood for your backing when punching. Preferably punching with the grain of the wood, causes less bounce and a cleaner hole. Something like a smooth end of a piece of firewood. We use a piece of oak about 16" diameter at work.
Shells work pretty well on cork and paper. I typically trace the exterior and use punches for the bolt holes. Like some have said, hollow punch sets can be had pretty inexpensively.
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