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Pacific Booker Minerals (TSXV: BKM) Completes Feasibility Study and 43-101 Compliant Technical Report

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Pacific Booker which trades on the Toronto Venture Exchange under the symbol BKM and also on the New York Stock Exchange MKT under the symbol PBM. Pacific Booker 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

Additional Information:

Company: Pacific Booker Minerals
Website: http://www.pacificbooker.com/index.html
Stock Symbol: TSXV: BKM
Date Published: Oct 16, 2014
Transcript: Available

Video Transcript:

Pacific Booker Minerals Script
Hi I’m George Sookochoff with Investment Pitch Media
Today we feature a company with a near term production project located in northern British Columbia Canada
Pacific Booker which trades on the Toronto Venture Exchange under the symbol BKM and also on the New York Stock Exchange MKT under the symbol PBM

Pacific Booker 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
The Morrison copper gold project is approximately 35 km north of the former Bell and Granisle copper/gold mines.

The Granisle Mine produced 214,000 metric tonnes of copper, and just under 7,000 kg of gold and approximately 70,000 kg of silver from 52.7 million metric tonnes of ore averaging 0.47% copper

The Bell Mine produced 303,000 metric tonnes of copper and nearly 13,000 kg of gold and 27,000 kg of silver from 77.2 million metric tonnes of ore averaging 0.47% Cu

PBM’s land position consists of 45 contiguous claims totaling 12,027 hectares
This ground position includes the Hearne Hill property and the Morrison property

A total of 96 exploration drill holes totaling 26,200m of drilling were carried out on the Morrison property

drilling generated an estimated measured and indicated resource of 206.9 Mt averaging 0.39% Cu, 0.2 g/t Au.

A 2009 Feasibiity study by Wardrop Engineering calculated a total mineable reserve classified as proven and probable to be 224 Mt with an average grade of 0.33% Cu, 0.16g/t Au
The project has a projected mine life of 21 years with a milling rate of 30,000 tonnes per day.
Pre production capital cost is estimated to be $516.7 million dollars Canadian.
And the average operating cost is estimated to be $8.15 per tonne milled.

A pre-tax economic model has an IRR of 20.05% and an NPV of Cdn$495.9M at an 8% discount rate for the 21-year mine life. The payback of the initial capital is within 4.2 years.

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 ranging from 65.3g/t to 100g/t

PBM has also completed an Environmental Assessment and is waiting for a decision on their Environmental Assessment Certificate

With 2 nearby former producing mines the project has the advantage of existing regional infrastructure to service the region, including a deep-sea shipping terminal at the port of Stewart, B.C. 250kms North West, a road network, nearby hydro-electric power and a full service town within daily commuting distance from the project site.

Power from BC Hydro will be delivered to the Morrison mine site via existing and new transmission lines. PBM plans to extend the existing 25 kV energized line from the Bell Mine site. PBM intends to construct the new power transmission line and a temporary substation early in the pre-production period to make this 25Kv power available during construction.
With a further upgrade at the Babine substation 138Kv will be available for the Morrison mine operation.

As of July 31, 2014 Pacific Booker had 12.4 million shares outstanding
Pacific Booker recently traded at $3.84 and has a market capitalization of $ 47.6 million.

I’m George Sookochoff with Investment Pitch Media