EXHIBIT 4.24

             Assignment Agreement dated September 14, 2005, between

                                 0724000 BC Ltd.

                                       and

                               Magellan Gold Corp.



<PAGE>


                              ASSIGNMENT AGREEMENT


THIS AGREEMENT is made as of the 14th day of September, 2005.


B E T W E E N:

                  0724000 B.C. LTD. (formerly Centrasia Mining Corp.), a British
                  Columbia corporation with an address of 300 - 1055 W. Hastings
                  St., Vancouver, BC V6E 2E9, Canada

                  ("0724000")

                                                               OF THE FIRST PART

                                     - and -

                  MAGELLAN GOLD (BVI) INC., a British Virgin Islands corporation
                  with  an  address  of  c/o  HWR  Services  Limited,  Craigmuir
                  Chambers,  P.O.  Box 71, Road Town,  Tortola,  British  Virgin
                  Islands

                  ("Magellan Gold BVI")

                                                              OF THE SECOND PART

RECITALS:

1.       0724000 and Magellan Gold BVI are parties to an Option  Agreement dated
         as of the  8th day of July  2005  with  Bulakashu  Mining  Company  Ltd
         ("BMC"),  Marsa  Gold  Corp.  ("Marsa"),  and  Centrasia  Mining  Corp.
         (formerly,  Baradero Resources  Limited,  "Centrasia") (the "BMC Option
         Agreement");

2.       Under the terms of the BMC Option  Agreement,  0724000 has been granted
         an option to acquire BMC from Marsa;

3.       Section 4 of the BMC Option Agreement provides as follows:

         "Marsa   acknowledges   that  immediately  after  the  closing  of  the
         transactions  contemplated by the Pubco  Agreement,  all of Centrasia's
         right,  title and interest in this Agreement,  the Loan Agreement,  the
         Marsa Guarantee and the Marsa Pledge shall be assigned to Magellan Gold
         BVI and Marsa hereby  consents to such assignment and agrees to execute
         all  collateral  agreements and documents as may be necessary to effect
         such assignment.  Upon such assignment,  Magellan Gold BVI shall assume
         all of the rights, privileges, obligations and liabilities of Centrasia
         under this Agreement,  the Loan Agreement,  the Marsa Guarantee and the
         Marsa Pledge."

4.       The transactions contemplated by the Pubco Agreement have closed and it
         is in order to assign all of 0724000's right, title and interest in the
         BMC Option Agreement, the Loan Agreement, the Note, the Marsa Guarantee
         and the Marsa Pledge (the "Agreements") to Magellan Gold BVI;


<PAGE>
                                      -2-


NOW THEREFORE  THIS AGREEMENT  WITNESSETH  that in  consideration  of the mutual
premises,  agreements  and covenants  herein  contained,  the sum of Two Dollars
($2.00)  now paid by each  party  hereto to the  other  and for  other  good and
valuable  consideration  (the  receipt  and  sufficiency  whereof  being  hereby
acknowledged),  the parties hereto do hereby  covenant and agree with each other
as follows:

1.       GENERAL

1.1      CURRENCY.  All dollar  amounts  referred  to in this  Agreement  are in
Canadian funds unless otherwise expressly specified.

1.2      DEFINED TERMS. Any capitalized  term used in this Agreement  (including
the  recitals)  that is not  defined in this  Agreement  shall have the  meaning
attributed in the BMC Option Agreement.

1.3      ENTIRE AGREEMENT. This Agreement together with the BMC Option Agreement
constitutes the entire  agreement  between the parties hereto  pertaining to the
subject matter hereof and supersedes all prior and  contemporaneous  agreements,
understandings,  negotiations  and  discussions,  whether  oral or written  with
respect to the subject matter hereof. This Agreement shall not be amended except
by a  memorandum  in writing  signed by both parties and any  amendment  thereof
shall be null and void and shall not be binding upon a party which has not given
its consent as aforesaid.  In the case of any discrepancy between this Agreement
and the BMC Option  Agreement,  the provisions of the BMC Option Agreement shall
prevail.

1.4      HEADINGS.   The  division  of  this  Agreement  into  sections  is  for
convenience  of  reference  only and  shall not  affect  the  interpretation  or
construction of this Agreement.

1.5      TIME.  Time shall be of the essence of this Agreement.

1.6      SUCCESSORS AND ASSIGNS.  This Agreement shall be binding upon and shall
enure to the benefit of the parties hereto and their  respective  successors and
assigns.

1.7      LAW. This Agreement shall be interpreted in accordance with the laws of
the  Province  of British  Columbia  and the federal  laws of Canada  applicable
therein.

1.8      SEVERABILITY.  Any  provision  of this  Agreement  which is  invalid or
unenforceable  shall not  affect any other  provision  and shall be deemed to be
severable herefrom.

1.9      FURTHER ASSURANCES.  Each party shall from time to time diligently take
or cause to be taken such action and execute and deliver or cause to be executed
and delivered to the other party such  documents and further  assurances  as, in
the  reasonable  opinion of counsel for the other  party,  may be  necessary  or
advisable to give effect to this Agreement.

1.10     COUNTERPARTS.  This  Agreement may be executed by the parties hereto in
separate  counterparts  (by original or  telefacsimile  signature) each of which
when so executed and delivered  shall be deemed to be an original,  and all such
counterparts shall together constitute one and the same instrument.

1.11     STATEMENTS  OF FACT.  This parties  hereto  specifically  agree without
limitation,  that the paragraphs forming the preambles to this Agreement contain
true and correct statements of fact.


<PAGE>
                                      -3-



2.       ASSIGNMENT OF THE AGREEMENTS

2.1      ASSIGNMENT.  For good and valuable consideration 0724000 hereby grants,
assigns,  transfers and sets over to Magellan  Gold BVI all of its right,  title
and  interest in and to each of the  Agreements,  and  Magellan  Gold BVI hereby
assumes all of the rights, privileges, obligations and liabilities of 0724000 in
and to each of the Agreements.

3.       COVENANTS, REPRESENTATIONS AND WARRANTIES

3.1      COVENANTS,  REPRESENTATIONS  AND  WARRANTIES  OF MAGELLAN  GOLD BVI AND
0724000. Each party hereby covenants, represents and warrants to the other party
as follows  and  acknowledges  that such other party is relying on the truth and
accuracy thereof in entering into this Agreement:

(i)      it  is  a  corporation  duly  incorporated  and  validly  incorporated,
         organized  and existing  under the laws of its  corporate  jurisdiction
         with the  corporate  power,  authority  and capacity to enter into this
         Agreement and fulfil the terms hereof;

(ii)     the  execution  and delivery of this  Agreement  by such party  neither
         requires the consent of any person nor will  conflict with or result in
         a breach of any of the terms, conditions or provisions of its corporate
         charter documents,  any agreement or instrument by which it is bound or
         any law, regulation or ordinance applicable to it;

(iii)    it has all requisite corporate power and authority to execute,  deliver
         and  perform  its  obligations  under  this  Agreement.  All  necessary
         corporate approvals have been obtained to carry out the full intent and
         meaning of this Agreement;

(iv)     this Agreement has been duly  authorized,  executed and delivered by it
         and is a legal, valid and binding obligation of it enforceable  against
         it in accordance with its terms; and

(v)      it has the full power and authority to assign or take assignment of, as
         the case may be, the Agreements as contemplated in this Agreement.

3.2      REPRESENTATIONS  AND WARRANTIES OF 0724000.  0724000 hereby  covenants,
represents  and warrants to Magellan Gold BVI as follows and  acknowledges  that
Magellan Gold BVI is relying on the truth and accuracy  thereof in entering into
this Agreement:

(i)      the  Agreements  are  capable of  assignment  to  Magellan  Gold BVI in
         accordance  with the  provisions of this  Agreement and all consents of
         third parties required for such assignment have been obtained;

(ii)     the Agreements are valid and subsisting  agreements,  in full force and
         effect  and  unmodified  and there are no  defaults  thereunder  by the
         parties thereto; and

(iii)    except as otherwise stated therein, each of the Agreements  constitutes
         the entire  agreement  between 0724000 and the other parties thereto in
         respect of the matters  dealt with therein and there are no  collateral
         agreements, undertakings,  declarations or representations,  written or
         verbal, in respect thereof.

3.3      ADDITIONAL  REPRESENTATION  AND  WARRANTY  OF 0724000.  0724000  hereby
covenants,  represents  and  warrants  to  Magellan  Gold  BVI  as  follows  and
acknowledges that


<PAGE>
                                      -4-


Magellan Gold BVI is relying on the truth and accuracy  thereof in entering into
this Agreement:  0724000 has not assigned,  transferred,  mortgaged or otherwise
encumbered  its interest in the Agreements to any other person and no person has
an option to acquire the same.


IN WITNESS  WHEREOF this  Agreement  has been  executed by the parties as of the
date and year first above written.



0724000 B.C. LTD.                                  MAGELLAN GOLD (BVI) INC.


Per:  /s/ Douglas Turnbull                         Per:  /s/ Nick DeMare
     ------------------------                           ------------------------
     Authorized Signatory                               Authorized Signatory


THE  ASSIGNMENT  REFERENCED IN THE ABOVE  AGREEMENT IS HEREBY  ACKNOWLEDGED  AND
CONSENTED TO AS OF THE 14TH DAY OF SEPTEMBER 2005.


BULAKASHU MINING COMPANY LTD


Per:  /s/ Oleg Kim
    ------------------------------
         Authorized Signatory


MARSA GOLD CORP.


Per:  /s/ Dmitriy Vedeshkin-Ryabov
    ------------------------------
         Authorized Signatory

CENTRASIA MINING CORP.


Per: /s/ Douglas Turnbull
    ------------------------------
         Authorized Signatory


<PAGE>