Company News Releases...
July 30, 2003
Feasibility Study Underway
Pacific Booker Minerals Inc. is pleased to announce that the feasibility study
is now underway on the Morrison/Hearne Hill project located 65 kilometres
northeast of Smithers, BC. The Morrison property is under option from Noranda
Inc. and the Hearne Hill property is owned by Pacific Booker Minerals Inc, the
properties are contiguous.
Prior to the start of the feasibility study Pacific Booker Minerals Inc. drilled
a total of 82 diamond drill holes (22,824 metres) to delineate the deposit. This
drilling led to a Measured and Indicated Mineral Resource being developed by a
manual polygonal in-house study as well as a block model and geostatistical
evaluation by Snowden Mining Industry Consultants. All of the work performed to
date is in compliance with National Instrument 43-101. The results of these
studies led to the appended table with a comparison to the nearby former
producing Bell Mine.
The preliminary work on the feasibility study started in April 2003 with
drilling starting on July 4, 2003. The current work will:
- Close off three areas of the deposit
- Obtain geotechnical data
- Explore hydrology of the area, i.e. depth to ground water, monitoring
wells, run-off water, etc.
- Investigate potential for acid generation
- Commence detailed environmental studies
- Preliminary studies are under way on potential waste and tailings sites
- A preliminary Terms of Reference document is underway
The geotechnical studies are under the direction of Sean Daly, P.Eng. The
waste management studies are under the direction of Knight, Piesold and the
environmental studies are being managed by Rick Killam, P.Eng. Acid generation
studies are being conducted by Kevin Morin,Ph.D., P.Geo., L.Hydrogeo. Michael
Farnsworth, P.Eng. is handling government relations, keeping all federal and
provincial regulators up to date. Our Qualified Person, independent consultant,
is Ed Kimura,P.Geo.
To receive news, as it is released, by email, please contact Pacific Booker
Minerals Inc. at email@example.com . All news and pertinent information is
available on our website at www.pacificbooker.com
J. Paul Stevenson, CEO
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.”