Tudor Gold's 2026 Scorecard: 8 Things You Need to Know Before the PEA
Original announcement by cruxinvestor on
- Company
- Tudor Gold
- Ticker
- TUD
- Exchange
- Unavailable
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper, Molybdenum
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-07 11:20:06 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Tudor Gold has refined its Goldstorm Indicated Mineral Resource, isolating high-grade tranches at US$125 and US$175 NSR cut-offs. While metallurgical results for key zones are positive, the company faces pending objectives including an underground ramp permit, ownership consolidation, and completion of the full metallurgical program ahead of its PEA.
Reasoning: The document provides a detailed scorecard of a major project's progress, highlighting both significant resource refinement and critical pending regulatory/structural hurdles.
Positive factors
- Refined MRE provides better visibility into high-grade material
- Strong metallurgical recoveries reported for key underground zones
- Discovery of new porphyry and epithermal systems at Perfectstorm
Negative factors
- Underground ramp permit still outstanding, limiting SC-1 drilling
- Ownership consolidation unresolved (80% interest)
- Metallurgical program for remaining material is not yet closed
Facts used in scoring: 13
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document describes a refined mineral resource estimate (MRE) for the Goldstorm deposit.
Evidence · text
“The completed item is a refined mineral resource estimate (MRE) that the company describes as an update to the resolution”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Gold recovery of 85.1% in SC-1 zone is strong for flotation.
Evidence · text
“returned 85.1% gold recovery by flotation”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 13. Some facts used in scoring do not have a stored record.
Resource Estimates (9)
indicatedgoldTonnes: 912300000Grade: 0.85Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 912300000
- Grade
- 0.85
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Headline Indicated resource component.
Positive factors
- Large Indicated base
Evidence · text
“The Indicated base is 912.3 million tonnes at 0.85 grams per tonne 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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedcopperTonnes: 912300000Grade: 0.15Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 912300000
- Grade
- 0.15
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Headline Indicated resource component.
Evidence · text
“0.15% copper”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedsilverTonnes: 912300000Grade: 5.07Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 912300000
- Grade
- 5.07
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Headline Indicated resource component.
Evidence · text
“5.07 grams per tonne silver”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedgoldTonnes: 102100000Grade: 1.78Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 102100000
- Grade
- 1.78
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: High-grade tranche identified via NSR sensitivity.
Positive factors
- Significant grade improvement at US$125 cut-off
Evidence · text
“the Indicated tranche is 102.1 million tonnes at 1.78 grams per tonne 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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedsilverTonnes: 102100000Grade: 9.19Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 102100000
- Grade
- 9.19
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Byproduct grade in high-grade tranche.
Evidence · text
“9.19 grams per tonne silver”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedcopperTonnes: 102100000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 102100000
- Grade
- 0.27
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Byproduct grade in high-grade tranche.
Evidence · text
“0.27% copper”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedgoldTonnes: 45100000Grade: 2.33Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 2.33
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Highest grade tranche identified via NSR sensitivity.
Positive factors
- High-grade tranche (2.33 g/t) meets development intent
Evidence · text
“45.1 million tonnes at 2.33 grams per tonne 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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedsilverTonnes: 45100000Grade: 9.27Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 9.27
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Byproduct grade in high-grade tranche.
Evidence · text
“9.27 grams per tonne silver”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedcopperTonnes: 45100000Grade: 0.17Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- TUD
Resource Data
- Category
- indicated
- Tonnes
- 45100000
- Grade
- 0.17
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Byproduct grade in high-grade tranche.
Evidence · text
“0.17% copper”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 (4)
flotationgoldRecovery: 85.1 %View all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TUD
Test Work
- Test Type
- flotation
- Sample
- high-grade SC-1 gold zone
Recovery
- Recovery
- 85.1 %
- Recovery Basis
- actual_test
- Conc. Grade
- 33.6
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: High-grade zone metallurgical result.
Positive factors
- Strong gold recovery
Evidence · text
“high-grade SC-1 gold zone returned 85.1% gold recovery by flotation into a concentrate grading 33.6 grams per tonne gold”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationcopperRecovery: 85.8 %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- TUD
Test Work
- Test Type
- flotation
- Sample
- Lower CS600 gold-copper zone
Recovery
- Recovery
- 85.8 %
- Recovery Basis
- actual_test
- Conc. Grade
- 30.3
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Key zone metallurgical result.
Positive factors
- Strong copper recovery
Evidence · text
“Lower CS600 gold-copper zone returned 85.8% for copper”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationsilverRecovery: 58.1 %View all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TUD
Test Work
- Test Type
- flotation
- Sample
- Lower CS600 gold-copper zone
Recovery
- Recovery
- 58.1 %
- Recovery Basis
- actual_test
- Conc. Grade
- 99.8
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Byproduct recovery in Lower CS600.
Negative factors
- Relatively low silver recovery
Evidence · text
“58.1% for silver by flotation”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 58.1% is below the weak band (75%)
flotation plus leaching of the flotation tailsgoldRecovery: 80.2 %View all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TUD
Test Work
- Test Type
- flotation plus leaching of the flotation tails
- Sample
- Lower CS600 gold-copper zone
Recovery
- Recovery
- 80.2 %
- Recovery Basis
- actual_test
- Conc. Grade
- 36.5
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-05T00:00:00.000Z
Reasoning: Complex metallurgical route for gold in Lower CS600.
Positive factors
- Improved gold recovery via tails leaching
Evidence · text
“80.2% for gold using flotation plus leaching of the flotation tails, producing a concentrate grading 30.3% copper, 36.5 grams per tonne gold and 99.8 grams per tonne silver”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
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.