Drill-confirmed bonanza grades
27 core holes; 19 vein intercepts averaging 20.3 g/t Au and 123.7 g/t Ag, independently recompiled and check-assayed at an ISO 17025 laboratory.
Charay Project · Mina El Padre · Sinaloa, Mexico
High-grade gold & silver mine for sale
A drilled, past-producing epithermal gold–silver vein system in the San Blas Mining District. Minera Pafex, S.A. de C.V. holds 100% of the mineral rights and is offering the project for outright acquisition, with joint-venture structures considered for a qualified operating partner.
20.3 g/t Au · 123.7 g/t AgWeighted avg. over 1.29 m true width, 19 holes
90–94%Gold recovery, 72-hour bottle-roll cyanidation
3,668 oz AuShipped in 2015, plus 24,550 oz Ag
< 50 mDeepest hole drilled — open at depth & along strike
2005 core drilling · 2010 independent QP recompilation · historical data, see cautionary note
Why Charay
Not a grassroots story
Charay carries the three things most projects at this price point lack — all documented and organized for diligence.
Demonstrated recoveries
Bottle-roll cyanidation returns 90–94% gold in 72 hours. Concentrate shipped in 2015 graded ≈288 g/t Au and ≈1,967 g/t Ag.
An actual production history
From agreement to production in under four months: 15,430 tonnes milled and 393 dry tonnes of concentrate shipped in a sub-US$1,200/oz gold environment.
The geology
What the drilling shows
A 27-hole core program tested the El Padre vein along 240 m of strike. Nineteen holes hit the structure, returning a weighted average of 20.3 g/t Au and 123.7 g/t Ag over 1.29 m true width (2010 independent QP recompilation), with individual intercepts up to 45.3 g/t Au. Check assays at an ISO 17025 laboratory reproduced the result.
Critically, no hole was drilled below ~50 m vertical, grades increase with depth, and the vein is open along strike in both directions — the classic profile of an epithermal system clipped at the top of its bonanza horizon.
The operating record
Proof it runs
Under a prior joint venture, Charay went from agreement to production in under four months. The 2015 campaign milled 15,430 tonnes and shipped 393 dry tonnes of concentrate grading ≈288 g/t Au and ≈1,967 g/t Ag — 3,668 oz gold and 24,550 oz silver — in a sub-US$1,200/oz gold environment.
Bottle-roll cyanidation returns 90–94% gold recovery in 72 hours.
| Campaign | 2015 — restart under prior JV |
|---|---|
| Ore milled | 15,430 t |
| Concentrate shipped | 393 dry t at ≈288 g/t Au · ≈1,967 g/t Ag |
| Metal shipped | 3,668 oz Au · 24,550 oz Ag |
| Gold recovery | 90–94%, 72-hour bottle-roll cyanidation |
| Time to production | < 4 months from agreement |
The logistics
Infrastructure most juniors only dream about
Flat terrain 45 minutes from a city of 235,000, with power, rail, port, water and an experienced regional mining workforce already in place. The cost and schedule risk that sinks remote projects simply is not part of this story.
| Terrain | Flat, year-round access |
|---|---|
| Nearest city | 45 min — pop. 235,000 |
| Power | Powerline crossing the property, 750 m from the vein |
| Rail | FerroMex mainline 6 km away |
| Port | Deep-water Topolobampo within the hour |
| Water | At 8 m depth |
| Workforce | Experienced regional mining labor pool |
The upside
Still in the ground
0 mDrilled · 19 intercepts · grades rising
50 mUntested — vein open at depth and along strike
Below the 50 m line
41.7 & 43.0 g/t AuThe deepest holes end the tested envelope in bonanza grade. In this deposit class, systems are routinely mined for hundreds of metres of vertical extent.
One hole, one hit
16.5 g/t Au / 6.8 mA parallel structure 200 m southeast returned this intercept in the single hole that clipped it. Never followed up.
Bulk-tonnage potential
500 × 200 m · to 7.5 g/t AuA silicified breccia body with high-grade surface samples — the kind of target that anchors the economics of several Sierra Madre camps. No systematic work.
Process
How qualified parties engage
Sign the confidentiality agreement
A standard NDA protects both sides and unlocks the full technical record.
Receive the documentation package
Original 2005 drill logs and assays, independent re-assays, the 2010 geological assessment, metallurgical certificates and 2015 operating records.
Structure the transaction
Outright acquisition preferred; joint-venture structures considered for a qualified operating partner. Review the transaction framework.
The documentation is ready.
Titles, drill database, check assays, metallurgy and mill records — organized for diligence.
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