Pacific Booker Minerals Inc. (OTC:PBMLF)

Pacific Booker Minerals Inc. (OTC:PBMLF)

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Pacific Booker Minerals Inc engages in the exploration of mineral properties in Canada. The company primarily explores for copper, gold, silver, and molybdenum concentrates. It primarily holds interest in the Morrison property located in British Columbia, 35 km north of the Village of Granisle.

The company was formerly known as Booker Gold Explorations Limited and changed its name to Pacific Booker Minerals Inc in February 2000. Pacific Booker Minerals Inc. (PBM) owns the Morrison property located in Central British Columbia, 35 km north of the Village of Granisle.

PBM is in the advanced stage of development of the Morrison porphyry copper/gold/molybdenum deposit. PBM has completed a Feasibility Study and 43-101 compliant Technical Report and is proposing an open-pit mining and milling operation for the production of copper/gold/molybdenum concentrate from the Morrison deposit. It is located within 29 km of two former producing copper mines, Bell and Granisle.

The Feasibility Study was completed by Wardrop Engineering Ltd., a Tetra Tech Company, with technical support of a team of other consultants. The study describes the scope, design features and financial viability of a conventional open pit mine with a 30,000 tonnes per day mill.

The highlights of the Feasibility Study are:

The total mineable reserve, classified as proven and probable, at Net Smelter Return (NSR)Recovered metal is 1.37 billion lbs Copper, 658,090 oz Gold and 10.047 million lbs Molybdenum; Mine life IS 21 years. with an average grade of 0.330% Copper, 0.163g/t Gold and 0.004% Molybdenum; The overburden and waste total is 184.12 Mt for a strip ratio of 0.82:1;

Note: Silver was not included in the financial analysis; however, there is an opportunity for improved economic performance if silver credits are received from the treatment and refining of the copper concentrate. Metallurgical test-work to date has reported silver present in the concentrate.

PBM has completed an Environmental Assessment and submitted an Application for an Environmental Assessment Certificate to the BC Environmental Assessment Office.

The Environmental Assessment Certificate is required to apply for the various Licenses and Permits required for the construction, operation and maintenance, decommissioning, and reclamation of the proposed 30,000 tonnes/day open-pit mine over a proposed 21 year period.

PBM also submitted a number of permit applications for concurrent review with the Environmental Assessment Certificate Application, including: (1) the Mining Lease application, which grants mineral production rights from surveyed mineral claims; (2) two Licenses of Occupation, which grant surface rights for the use of Crown Land along the proposed Transmission Line and for an area in the proposed Tailings Storage Facility; and (3) various Forestry permits and licenses, which grant the right to cut timber on the mine site and along the proposed Transmission Line route, and grant permission to use forestry roads for mine access.

PBM announced the Chief Gold commissioner has issued a mining lease in the area known as the Morrison mine project and is comprised of mineral claims 625123, 625143 and 625183 encompassing approximately 1,090 ha , for an initial term of one year and not the maximum 30 year term requested by PBM in its August 29,2009 application. These three mining claims are located along the shore of Morrison Lake, which is approximately 65 kilometers northeast of Smithers, BC. The successful mining lease was announced by PBM on July 24, 2019. The lease is good until December 31, 2021.

Pacific Booker Minerals Inc. is a publicly traded company listed on the OTC under the ticker symbol PBMLF. This is not investment advice. Please view the disclaimer found on this website.
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  • Founded Year 1983

  • Employee Size 1 - 10

  • Address #1103-1166 Alberni Street Vancouver, BC V6E 3Z3 Canada