Company News Releases...
Pacific Booker Minerals Inc. Clarifies Reclamation Bonding Requirements
Vancouver BC, October 3, 2013: At the request of our shareholders, the
Company would like to clarify the bonding requirements for the Morrison
The BC Mines Act and the Health, Safety and Reclamation Code for Mines in BC
require mining operations to carry out a program of environmental protection and
reclamation to ensure that land, watercourses and cultural heritage resources
will be returned to a safe and environmentally sound state and to an acceptable
end land use upon termination of mining.
The Mines Act and the Health, Safety and Reclamation Code are administered by
the Ministry of Energy and Mines. The Chief Inspector of Mines has the ultimate
legislative authority for all issues pertaining to the Mines Act and the Health,
Safety and Reclamation Code.
In accordance with the Mines Act, proponents of mining projects are required to
obtain a permit from the Ministry of Energy and Mines prior to commencing any
work on a mine site. As a condition of the Mines Act permit, a financial
security (the bond) must be posted in an amount acceptable to the Chief
Inspector of Mines. The amount of the bond is progressive over the life of the
mine as the disturbance area increases. This bond is held until the Chief
Inspector of Mines is satisfied that all reclamation requirements for the
operation have been fulfilled.
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On Behalf of the Board of Directors
John Plourde, Director