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CUIABA PROJECT

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CUIABA PROJECT
Classification: Active/Verified
Status: Exploration
Type of Work: Surface
Location:
Brazil
Nearest Landmark: N/A
Distance from Landmark: N/A
Direction from Landmark: N/A
Latitude: N/A
Longitude: N/A
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Property News

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.
July 3, 2009
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).
November 10, 2008
Announced additional drill results at the Teixeirinha prospect. Highlights include: hole TXB035: 39.0 m @ 1.03 g/t Au from 42.0 m.
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