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.
Ashburton Minerals reported to have signed an agreement to sell all of its interest in the Cuiaba Gold Project in the state of Mato Grosso to a Brazilian national company for a cash consideration of US$5 million (approx A$6.2 M).
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