Tudor Gold Completes Metallurgy With the PEA Among 5 Open 2026 Goals

Original announcement by cruxinvestor on

Company
Tudor Gold
Ticker
TUD
Exchange
Unavailable
Region
British Columbia
Primary commodity
Gold
Secondary commodities
Silver, Copper
Document categories
Metallurgy, Resource update
Extracted
2026-10-14 14:19:27 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Tudor Gold has completed its metallurgical testing program at the Treaty Creek Project, reporting gold recoveries between 80.3% and 87.3% across various zones. This milestone supports the ongoing development of a Preliminary Economic Assessment (PEA) for the Goldstorm Deposit.

Reasoning: The completion of metallurgical testing is a major de-risking milestone for the project's economic assessment (PEA).

Positive factors

  • Completion of metallurgical program provides key data for upcoming PEA
  • Strong gold recoveries reported across all zones (80.3% to 87.3%)
  • High-grade concentrate grades reported for Central Zone

Negative factors

  • PEA remains open/pending
  • Underground ramp permit not yet received

Facts used in scoring: 17

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: Metallurgical program produced concentrates, implying a milling/concentrator process.

Evidence · text

“The program produced concentrates”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 4 distinct composites were tested

Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

Resource Estimates (1)

indicatedgoldTonnes: 102100000Grade: 1.78Grade Unit: g/tContained Metal: 5.8Contained Unit: mozView all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Resource scope

Estimate type
resource
Resource group id
resource:bffbf06910772d0e90e5
Mining method
underground
Ownership percent
80 %

Resource Data

Category
indicated
Tonnes
102100000
Grade
1.78
Grade Unit
g/t
Contained Metal
5.8
Contained Unit
moz
Cutoff Grade
125
Cutoff Unit
US$ per tonne

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Indicated resource at Goldstorm.

Positive factors

  • Significant indicated resource

Evidence · text

“At an NSR cut-off value of US$125 per tonne, the Indicated resource totals 102.1 million tonnes at 1.78 g/t gold, equating to 5.8 million ounces (Moz) of gold.”

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

Metallurgical Results (16)

Fact 1goldRecovery: 86.3 %Head Grade: 3.57Head Grade Unit: g/tView all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Upper Zone gold concentrate

Recovery

Recovery
86.3 %
Head Grade
3.57
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High gold recovery in the Upper Zone.

Positive factors

  • Strong gold recovery

Evidence · text

“An Upper Zone gold concentrate recovered 86.3% of the gold”
Fact 2silverRecovery: 85.1 %Head Grade: 3.57Head Grade Unit: g/tView all details
Link to this fact

Identity

Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Upper Zone gold concentrate

Recovery

Recovery
85.1 %
Head Grade
3.57
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Silver recovery in the Upper Zone.

Positive factors

  • Solid silver recovery

Evidence · text

“85.1% of the silver”
Fact 3copperRecovery: 90.4 %Head Grade: 3.57Head Grade Unit: g/tView all details
Link to this fact

Identity

Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Upper Zone gold concentrate

Recovery

Recovery
90.4 %
Head Grade
3.57
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Copper recovery in the Upper Zone.

Positive factors

  • High copper recovery

Evidence · text

“90.4% of the copper”
Fact 4goldRecovery: 87.3 %View all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Lower Zone gold concentrate

Recovery

Recovery
87.3 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: High gold recovery in the Lower Zone.

Positive factors

  • Strong gold recovery

Evidence · text

“A Lower Zone gold concentrate recovered 87.3% of the gold”
Fact 5silverRecovery: 86.5 %View all details
Link to this fact

Identity

Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Lower Zone gold concentrate

Recovery

Recovery
86.5 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Silver recovery in the Lower Zone.

Positive factors

  • Solid silver recovery

Evidence · text

“86.5% of the silver”
Fact 6copperRecovery: 90.6 %View all details
Link to this fact

Identity

Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Lower Zone gold concentrate

Recovery

Recovery
90.6 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Copper recovery in the Lower Zone.

Positive factors

  • High copper recovery

Evidence · text

“90.6% of the copper”
Fact 7goldRecovery: 82.1 %View all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Central Zone combined concentrate

Recovery

Recovery
82.1 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Gold recovery in the Central Zone.

Positive factors

  • Acceptable gold recovery

Evidence · text

“In the Central Zone, a combined copper and gold concentrate recovered 82.1% of the gold”
Fact 8silverRecovery: 88.7 %View all details
Link to this fact

Identity

Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Central Zone combined concentrate

Recovery

Recovery
88.7 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Silver recovery in the Central Zone.

Positive factors

  • Solid silver recovery

Evidence · text

“88.7% of the silver”
Fact 9copperRecovery: 94.1 %View all details
Link to this fact

Identity

Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Central Zone combined concentrate

Recovery

Recovery
94.1 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Copper recovery in the Central Zone.

Positive factors

  • High copper recovery

Evidence · text

“94.1% of the copper”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 94.1% is at or above the exceptional band (92%)

Fact 10goldRecovery: 80.3 %View all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Blend of zones

Recovery

Recovery
80.3 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Blended gold recovery.

Positive factors

  • Acceptable gold recovery

Evidence · text

“A blend of the zones returned recoveries of 80.3% for gold”
Fact 11silverRecovery: 81.6 %View all details
Link to this fact

Identity

Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Blend of zones

Recovery

Recovery
81.6 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Blended silver recovery.

Positive factors

  • Solid silver recovery

Evidence · text

“81.6% for silver”
Fact 12copperRecovery: 89.1 %View all details
Link to this fact

Identity

Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Test Work

Sample
Blend of zones

Recovery

Recovery
89.1 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Blended copper recovery.

Positive factors

  • High copper recovery

Evidence · text

“89.1% for copper”
Fact 13goldView all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Inferred resource at Goldstorm.

Positive factors

  • Significant inferred gold

Evidence · text

“get down to where we have that inferred gold of 4 million ounces, 1.43 grams per ton”
Fact 14goldView all details
Link to this fact

Identity

Commodity
gold
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Goldstorm indicated resource.

Positive factors

  • Large indicated gold resource

Evidence · text

“Goldstorm's indicated resource totals 24.9 million ounces of gold”
Fact 15silverView all details
Link to this fact

Identity

Commodity
silver
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Goldstorm indicated silver resource.

Positive factors

  • Large indicated silver resource

Evidence · text

“148.7 Moz of silver”
Fact 16copperView all details
Link to this fact

Identity

Commodity
copper
Region
canada_bc
Reported Region
British Columbia
Ticker
TUD

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-14T00:00:00.000Z

Reasoning: Goldstorm indicated copper resource.

Positive factors

  • Significant indicated copper resource

Evidence · text

“3.048 billion pounds of copper”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.