Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
M&A / Property

Silver Sands Resources Corp. Enters into Letter of Intent to Acquire 100 Percent Interest in the Fairfield Gold Project, Nayarit, Mexico

By The Northwire Desk — AI Analysis Mar 02, 2026 · 08:01 SAND · 0.12 Silver Sands Resources Corp.
SAND · Price

Executive Summary

  • Silver Sands Resources entered a non‑binding LOI with Fairfields Gold S.A. de C.V. to acquire 100% of the 712.7‑ha Fairfield Gold Project in Nayarit, Mexico.
  • Acquisition can be earned by paying US $675,000 in cash and issuing 5,150,000 common shares over four years, plus a finder's fee of 1,050,000 shares upon signing the definitive agreement.
  • Historical drilling highlights significant gold‑silver mineralization (e.g., 12.15 g/t Au & 443 g/t Ag over 0.55 m; 23.49 g/t Au & 64.13 g/t Ag over 3.4 m).

Key Details

  • Transaction Structure:
  • Cash consideration: US $675,000 total (staged payments).
  • Equity consideration: 5,150,000 common shares issued over four years to earn full interest.

  • Finder’s fee: 1,050,000 common shares payable upon execution of the definitive agreement, subject to CSE approval and statutory hold periods.

  • Project Description:

  • Fairfield Gold Project – gold‑silver project with porphyry copper potential; located ~70 km NE of Puerto Vallarta and ~25 km SW of Tepic, Mexico.

  • Property size: 712.7 hectares.

  • Historical Exploration Highlights (non‑binding):

  • Asarco adits (1926‑1935) intersected Miravalles Vein with average grades of 31.2 g/t Au and 401 g/t Ag.
  • 2006 SGMM drill hole DDH‑3 results:
    • 0.55 m @ 12.15 g/t Au, 443 g/t Ag (depth 178.1 m).
    • 3.4 m @ 23.49 g/t Au, 64.13 g/t Ag (depth 183.1 m).
    • Interval 196.15‑201.2 m averaging 4.71 g/t Au, 16.8 g/t Ag.

  • Chip sampling on parallel Estrella Vein: 43.1 g/t Au and 155 g/t Ag over 0.10 m.

  • Geology Summary:

  • Located on northern margin of altered Cretaceous hornblende granodiorite pluton.

  • Miravalles Vein strikes ~300°, dips 65‑76° NW, with >2 m wide shoots; alteration includes phyllic and propylitic zones; mineralization contains chalcopyrite, sphalerite, galena, arsenic, sulfosalts.

  • Conditions & Regulatory:

  • LOI is non‑binding except confidentiality and exclusivity provisions.

  • Completion subject to satisfactory due diligence, definitive agreement negotiation, and all required regulatory approvals (including CSE).

  • Qualified Person: R. Tim Henneberry, P.Geo., Director of Silver Sands, reviewed and approved technical content per NI 43‑101.

Notable Quotes

“The Fairfield Gold Project represents an excellent opportunity in a top notch mining friendly jurisdiction for Silver Sands… giving the project considerable blue sky potential.” – Keith Anderson, CEO & President.

Read the original news release →

More from Silver Sands Resources Corp.

May 29, 2026 · 09:01

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

Drill Results Apr 30, 2026 · 07:31

Silver Sands Acquires Mexican Gold Project Amidst Heavy Dilution and Cash Burn Risks

M&A / Property Mar 02, 2026 · 20:38

Silver Sands signs LOI to acquire Fairfield project

M&A / Property Feb 13, 2026 · 18:08

Silver Sands closes financing, arranges debt settlement

Financings Jan 29, 2026 · 13:51

Silver Sands arranges $487,500 private placement

Financings Jan 29, 2026 · 07:01

Silver Sands Proceeds to Private Placement and Debt Settlement

Financings