Our Projects


102 Million tonnes    17,63 Moz of gold at 5,38 g/t    15,49 Mlb of U3O8
at 0,07 kg/t

The advanced-stage Sand River Gold Project is situated in the world-renown Witwatersrand Basin of South Africa. Approximately 40% of all gold ever mined by man originates from this ancient basin, the same geological horizons in which the Sand River Gold ore bodies are located. Six gold and uranium bearing units (or, reefs) are present at depths from ±900 m on three farm properties, next to historical and current gold mines in the southern Welkom Goldfield.

During 2016, Sunshine’s management discovered the enormous potential in this part of the Goldfield, surrounded by mines and prospecting rights. On 23 August 2016, the company’s first application was successfully submitted, and over a 7-year period the gold and uranium rights over the entire area were systematically obtained in one of the last remaining high-gold-potential areas of the Welkom Goldfield.

Although many major prospecting and mining companies held the rights over this part of the Goldfields, Sunshine was the first company in 78 years to successfully consolidate the 3 farms into a single entity. Attempts in the past where undertaken to mine the area, by the commencement of sinking operations of the major Brand 6 Twin Shaft complex in 1987, as well as the development of the Twin Tunnel System from St. Helena 10 Shaft to Adamson Vley. However, these operations were halted as the price of bullion started to spiral downwards from 1988.

A full detail of the project history is available upon request.

Major Gold and Uranium Resources

Sand River Gold’s Mineral Resource Statement is based on historical exploration (valued at >US$34,7M) such as diamond drilling, seismic surveys, resource estimations, geological documents, cross sections, etc. More than 90 km of drilling (41 boreholes, ±408 deflections and >1 500 reef intersections), as well as 58 boreholes on neighbouring properties were utilised for geological modelling and code compliant resource estimations. In another major development Sunshine recently obtained ±190 000 of additional chip sampling data points from the four abutting gold mining operations.

SAMREC compliant resource estimations were conducted for the well-known Basal, Leader, B, BPM, Aandenk and VS5 reefs. On 31 August 2023, Sunshine declared combined Indicated and Inferred resources of 17,63 Moz at an average grade of 5,38 g/t of gold for a massive 102 million tonnes of ore, at a cut-off grade of 250 cmg/t. The uranium by-product resource is 15,49 Mlb of U3O8.

Some of the borehole core from the historical drilling on Sand River Gold.

At the current price of US$1 925/oz for gold and US$65/lb of U3O8, the value of the declared resources on the Sand River Gold Project is approximately US$35Billion.

Increased Gold Grades in Leader Reef

Of great significance is that the main orebody, the Leader Reef, shows significant elevated gold values in the areas beyond the subcrop of the Basal Reef. This is due to gold scavenging from the latter reef and has been proved by historical mining to the east of De Bron Fault. Here, ±79% of the enriched Leader Reef was mined out. However, this enriched zone was never touched by mining in the areas to the south of the Merriespruit Thrust Fault and to the west of De Bron Fault. The very successful historical mining of the Leader Reef is major proof of its potential in the unmined areas. Sand River Gold is even better positioned as it is located in the mid-proximal fan zone where even higher grades can be expected than in the distal facies of the mined out areas to the east.

Depths of Ore Bodies

Attractive mining depths compared to most other operations in the Witwatersrand gold mining areas. Sunshine’s reefs start from a depth of circa 900 metres below surface in the northern portion, where the initial mining is expected to commence. In the southern parts, where high grade reefs also occur, maximum depths are ±2 000 m.

Configuration of Reefs and Mining Methods

Production is expected to support a high monthly tonnage rate and excellent Return on Investment at current gold prices. This is especially true for the relatively thick Leader Reef (ave. of 1,25 m), which contains >50% of Sunshine’s gold resources. Sunshine’s valuator has indicated that in large parts, where very thick Leader, BPM and VS5 reefs occur, low-cost and high-volume trackless mining could be applied.

Schematic section. Levels 2 to 4 on an abutting mine are as close as 12 m from the Project boundary

Underground and surface infrastructure are potentially available to Sunshine, such as a 2 200 m-deep shaft, only 400 m from the Project boundary, and a major gold plant which is connected to the shaft by railway track. This will dramatically reduce the start-up costs and give quick and easy access to the reefs.

Outstanding Investment Opportunity

Prospecting activities have been fully concluded and quotes have been received for Concept to Bankable Feasibility Studies, infill diamond drilling from surface and a Mining Right application. A South African-based engineering company which will undertake the studies, will be designated by Sunshine shortly. An investment of US$10,5M is required to complete the Studies, the drilling and Mining Right application.

This advanced-stage gold Project is the third largest new gold discovery between 2012 and 2021.  The six distinct reefs on the Project Area are well-known in the southern Welkom Goldfield and have been extensively mined on abutting properties from the 1940’s, until today, which results in high confidence in estimations and in future mine planning. Mining on neighbouring gold mines have advanced to within several metres of Sunshine’s Project Area.

Investors have the unique opportunity to participate in a major new gold mine with huge potential, a rare global gold prospect.

For further information on the Project please contact:

Charlie Watts (CEO) on +27 82 454 8725 or charliewatts@ssmr.co.za

All SAMREC and SAMVAL compliant documents are available upon request.



53,6 Million Tonnes       89,2 Mlb at 0,83 kg/t of U3O8       2,6 Moz of
Gold By-Product

The Beisa Uranium-Gold Project is an exciting uranium-gold project in the world-famous Witwatersrand Basin. The Project, containing one of the largest uranium resources in South Africa, consisting of two Prospecting Rights that are abutting the historical Beisa Uranium Mine, where uranium was successfully mined. The mine was operational from 1982 to 1984, until it closed down due to the low uranium price in the 1980’s. Sunshine’s two rights cover a large area of 7 965 hectares, where the well-known Beisa uranium reef was extensively explored by historical drilling over a combined strike length of over 29 km. The two rights, called Beisa North and Beisa South, have been acquired by Sunshine during July 2020 and February 2021, respectively.

Uranium Opportunity

During 2019, Sunshine’s management was aware that several major uranium producers were curtailing production. Our research showed that nuclear reactor demand would outperform supply and that an era of persistent deficits was looming. Current developments in the global uranium scene seem to prove our predictions. Our current expectations are that uranium demand will more than double between now and 2050, as the need for global clean energy will dramatically rise.

Major Uranium Resources, With Gold as By-Product

Sunshine’s Beisa Resource Statement of 31 August 2023, is based on historical diamond drilling, seismic surveys, resource estimations, geological documents, cross sections, etc. A total of 86 boreholes were considered for the current geological modelling and resource estimations, representing more than 80 km of drilling. Summary borehole logs are the basis for the Resource Declaration.

The SAMREC compliant resource estimations pertain to the well-known Beisa and Beatrix reefs. The Beisa Reef occurs on both Beisa North and Beisa South and is known for its high uranium content and gold by-product. The Beatrix Reef occurs on Beisa South only.

Sunshine declared SAMREC compliant Inferred resources for the combined Beisa North and Beisa South Projects of 89,23 Mlb of U3O8 and 2,63 Moz of gold. The 53,57 Mt resources are split into shallow ore at 350 to 2 000 metres below surface (mbs), and ore that is deeper than 2 000 mbs, for a phased mining approach. The Beatrix Reef contains 15,2 Mt of ore for 1,54 Moz of Inferred gold resources at 3,14 g/t.

High-Grade Zones on Beisa North and Beisa South

Large zones of well-mineralised uranium ore occur on both Beisa North and Beisa South, confined to major, ancient channel systems. Uranium and gold grades on Beisa North and Beisa south appear to be significantly higher than on the historical Beisa mine area, especially in a large portion, directly to the north of the Beisa mine. On Beisa South, a major well-developed channel is present in the northern sector of the lease, with uranium and gold grades as high as 2,2 kg/t and 5,02 g/t, respectively.

High uranium grades in distinct zones on Beisa North and Beisa South. The reef has a strike length of ±29 km from north to south.

Depths of Ore Bodies

The Beisa Project is the shallowest deposit in the Witwatersrand gold mining scene. The Beisa Reef starts from a depth of only 350 mbs on Beisa North due to overfolding of the generally very deep strata. Resources have been divided at a depth of 2 000 mbs, arguing that the resources at greater depths are not viable to extract at current mineral prices. However, more of these deeper resources will become available at higher uranium and/or gold prices.

The shallow depths and steep configuration of the Beisa Reef will favour very narrow mining, which will reduce dilution of the uranium-gold ore.

Cross section A-B on Beisa North (see previous picture for location of line A-B).


The Welkom Goldfield has experienced closure of several mines during the past decade as a result of the depletion of underground reserves on these operations. A large selection of well-experienced mining personnel is readily available to mine the vast area on Beisa North and Beisa South.

Sunshine obtained the data from the extensive drilling that was conducted by major mining houses over the two uranium projects.  On 31 August 2023, Sunshine declared a major Uranium Resource of 89,23 Mlb at an average grade of 0,78 kg/t of U3O8 (and 2,63 Moz of gold at 1,51 g/t, as by-product) for the Beisa Reef on the combined Beisa North and Beisa South Project areas.

The uranium-bearing Beisa Reef on Sunshine’s Beisa North and Beisa South Projects is the shallowest deposit in the well-known Welkom Goldfield, starting at a depth of only 350 metres below surface. The reef is an unique ore body in the sense that besides the huge uranium resources, it also contains considerable concentrations of gold, which will result in highly reduced mining costs.

The Beisa South Project, where 31 historical boreholes have been drilled, a 4-km wide, well-mineralized channel has been identified. The channel boasts very high grades of up to 2,2 kg/t U3O8 and 5,02 g/t of gold. This high-potential brownfield zone requires a detailed infill-drilling program to confirm existing data. By increasing the confidence level through further drilling on this large project area of 5 640 hectares, the potential of establishing a standalone uranium mine could be determined.

The Beisa North Project, clearly has the potential of being a standalone operation with a resource of 31,36 million tons of ore and 57,23 Mlb of U3O8 at a grade of 0,83 kg/t (and a gold by-product of 2,03 g/t)

For further information on the Project please contact:

Charlie Watts (CEO) on +27 82 454 8725 or charliewatts@ssmr.co.za

All SAMREC and SAMVAL compliant documents are available upon request.







P.O.Box 784 393
Sandton, 2146
South Africa

Phone: +27 82 454 8725
Fax: +27 866 138 700 

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