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Miravalles Gold Corp. Announces Name Change, Advances Acquisition of the Fairfield Gold Project and Reports High Grade Gold and Silver Sample Results

Miravalles Gold Corp. Rebrands and Confirms Fairfield Project Acquisition Path with Incremental Sampling Data

By The Northwire Desk — AI Analysis May 29, 2026 · 09:01 SAND · 0.08 Silver Sands Resources Corp.

Executive Summary

Silver Sands Resources Corp. has officially changed its name to Miravalles Gold Corp., effective June 2, 2026, trading under ticker "MIRA".
The company provided an update on the definitive agreement signed April 30, 2026, to acquire the Fairfield Gold Project in Nayarit, Mexico.
Acquisition consideration is set at USD$675,000 cash plus 5,150,000 common shares over four years.
Payments made to date include USD$115,000 cash and 1,000,000 common shares issued upon execution of the agreement.
March 2026 grab sampling at historic workings returned high-grade results: six of seven samples exceeded 1 g/t Au, with a top value of 7.93 g/t Au (San Francisco sample).
QA/QC protocols were followed using ALS Minerals Zacatecas and North Vancouver; no material discrepancies observed.
CEO Keith Anderson stated the project aligns with strategic direction and sampling confirms historical data confidence.

Material Impact

The name change is administrative but signals a strategic pivot to focus on the Miravalles/Fairfield asset, potentially improving investor recognition of the core holding.
The acquisition update confirms execution of the April 30 agreement; this was previously priced in or anticipated by the market given the LOI in March and Definitive Agreement in April.
Grab sampling results are positive but represent low-confidence data compared to drilling; they validate historical grades rather than de-risking the project significantly through new exploration.
The cash requirement for the earn-in ($675k total) is substantial relative to the $487,500 gross proceeds raised in January 2026, creating potential liquidity pressure if not managed carefully.
No new financing or strategic investor participation (e.g., Sprott, Lundin) was announced; therefore, this does not qualify as a Game Changer.
The news is incremental confirmation of the acquisition path and historical data consistency, classifying it as Routine - Positive rather than Material - Positive.

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Company Overview

Company Name: Silver Sands Resources Corp. (renaming to Miravalles Gold Corp.).
Flagship Project: Fairfield Gold Project, Nayarit, Mexico.
Project Size: 1,012.73 hectares (previously noted as 712.7 ha in LOI, updated in Definitive Agreement).
Location: ~70 km NE of Puerto Vallarta and ~25 km SW of Tepic, Mexico.
Geology: Located on northern margin of altered Cretaceous hornblende granodiorite pluton; Miravalles Vein strikes 300°, dips 65-76° NW.
Mineralization: Gold-silver mineralization with porphyry copper potential; historical ASARCO data reported high grades (e.g., 31.2 g/t Au).
Status: Acquisition in progress via earn-in agreement; exploration phase ongoing with grab sampling completed March 2026.

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