November 18, 2009
Ashburton Minerals announced that its Brazilian subsidiary, Trans Pacific Gold Mineracao Limitada, has received a further instalment of US$2 m from the progressive sale of the Cuiaba Gold Project, located in the state of Mato Grosso, Brazil. The subsidiary signed an agreement to sell its interest in the project to Brasil Central Engenharia Limitada, for US$5 m. US$3.5 m has been received so far, the balance, US$1.5 m, is due on the formal completion of the transfer of the last group of tenements.
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