Company News Releases...
May 5, 2003
Pacific Booker Minerals Inc. is pleased to announce receipt of “Morrison Project
Resource Estimation and Pit Optimization Study” from Snowden Mining Industry
Consultants Inc. concerning the company’s Morrison copper-gold porphyry deposit
65km north-east of Smithers, BC. The property is held under option from Noranda
In addition to Snowden’s resource estimate, the attached table shows the
resource calculation for Morrison published by Ogryzlo, Dirom and Stothart in
1995 and the manual geological estimation of the resource calculated by Pacific
Booker’s in-house geological staff under supervision of Ed Kimura P.Geo.
Qualified Person as published in PBM’s 13 November 2002 Press Release. Snowden’s
resource calculations are based on geostatistical studies of a 12x12x12 metre
block model of the deposit. Snowden’s resource estimate involved Kriging,
Inverse Distance and Nearest Neighbour interpolation methods. Snowden concluded
that Kriging resulted in the most representative estimation of the resource at
Morrison. The figures shown are derived from the Kriging and pit optimization
In addition Snowden Mining Industry Consultants Inc. have supplied an estimate
of the cost of a feasibility study for the Morrison property. The initial work
programs for this feasibility study are currently under way.
As part of the feasibility study PBM is proposing a 4000 metre drilling program.
Application for the permit for this program has been submitted to the Ministry
of Energy and Mines. This program will close-off the deposit to the north and
south, provide better delineation of the higher grade mineralization in the
central copper zone, explore mineralization to the south-east and also allocate
several holes for geotechnical information.
Chris J. Sampson, President
Pacific Booker Minerals Inc.
“No regulatory authority has approved or disapproved the information contained
in this news release. This release includes certain statement that may be deemed
“forward-looking statements”. All statements in this release, other than
statement of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, statements are not guarantees of
future performance and actual results or developments may differ materially from
the forward-looking statements. Factors that could cause actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, continued availability of
capital and financing, general economic, market or business conditions.
Investors are cautious that any such statements are not guarantees of future
performance and that actual results or developments may differ materially from
those projected in the forward-looking statements.”