# Tudor Gold Completes Metallurgy With the PEA Among 5 Open 2026 Goals Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f Original source: https://www.cruxinvestor.com/posts/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals Publisher: cruxinvestor Original announcement: 2026-10-14T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T14:19:26.509Z Atlas analysis updated: 2026-10-14T14:19:26.509Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Completion of metallurgical program provides key data for upcoming PEA - Positive factor: Strong gold recoveries reported across all zones \(80.3% to 87.3%\) - Positive factor: High-grade concentrate grades reported for Central Zone - Negative factor: PEA remains open/pending - Negative factor: Underground ramp permit not yet received Facts used in scoring: 17 ## Classification and evidence **Mill Route** Polarity: neutral Definition: 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 Tested** Polarity: positive Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-resource-facts-12) gold #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: 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 1 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-0) gold #### 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 factor: Strong gold recovery Evidence · text > An Upper Zone gold concentrate recovered 86.3% of the gold ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-1) silver #### 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 factor: Solid silver recovery Evidence · text > 85.1% of the silver ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-2) copper #### 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 factor: High copper recovery Evidence · text > 90.4% of the copper ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-3) gold #### 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 factor: Strong gold recovery Evidence · text > A Lower Zone gold concentrate recovered 87.3% of the gold ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-4) silver #### 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 factor: Solid silver recovery Evidence · text > 86.5% of the silver ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-5) copper #### 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 factor: High copper recovery Evidence · text > 90.6% of the copper ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-6) gold #### 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 factor: Acceptable gold recovery Evidence · text > In the Central Zone, a combined copper and gold concentrate recovered 82.1% of the gold ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-7) silver #### 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 factor: Solid silver recovery Evidence · text > 88.7% of the silver ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-8) copper #### 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 factor: High copper recovery Evidence · text > 94.1% of the copper #### Tags used in scoring **High Recovery** Polarity: positive Definition: 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 10 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-9) gold #### 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 factor: Acceptable gold recovery Evidence · text > A blend of the zones returned recoveries of 80.3% for gold ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-10) silver #### 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 factor: Solid silver recovery Evidence · text > 81.6% for silver ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-11) copper #### 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 factor: High copper recovery Evidence · text > 89.1% for copper ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-13) gold #### 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 factor: Significant inferred gold Evidence · text > get down to where we have that inferred gold of 4 million ounces, 1.43 grams per ton ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-14) gold #### 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 factor: Large indicated gold resource Evidence · text > Goldstorm's indicated resource totals 24.9 million ounces of gold ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-15) silver #### 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 factor: Large indicated silver resource Evidence · text > 148.7 Moz of silver ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/tudor-gold-completes-metallurgy-with-the-pea-among-5-open-2026-goals--111b7d9e-7d34-4ea8-b8bf-83c641b3071f#fact-metallurgical-facts-16) copper #### 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 factor: 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.