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Pacific Booker Minerals Inc. reports developments tied to its wholly owned Morrison Project, a mineral project associated with copper, gold and molybdenum and ongoing critical-minerals analysis. Company updates describe drill-core sample analysis, reported occurrences of listed critical minerals, and the limits of work completed to determine commercial recoverability.
News also covers environmental assessment matters affecting the Morrison Project, legal and consultation-related updates, board governance, stock-option grants, financing plans and takeover-response processes handled through independent board committees and advisory opinions.
Pacific Booker Minerals (OTC:PBMLF) has submitted core samples from its Morrison Project for analysis to determine the presence of Critical Minerals. The company expects to receive the analysis results within a month.
The company emphasizes that no work has been conducted to determine if these elements are commercially recoverable, and it cannot currently indicate whether their presence would add significant value to the orebody.
Pacific Booker Minerals (TSXV: BKM) (OTC Pink: PBMLF) has received a report analyzing the presence of Critical Minerals in the Morrison project's assays. The analysis, conducted on core samples from 1998 re-drilling, revealed seven critical minerals: Chromium (53-235 ppm), Gallium (5-23 ppm), Magnesium (0.52-2.65%), Manganese (170->10,000 ppm), Molybdenum (1-203 ppm), Scandium (3-12 ppm), and Vanadium (44-119 ppm). The company notes that no work has been done to determine if these elements are commercially recoverable or add significant value to the orebody.
Pacific Booker Minerals (TSXV: BKM, OTC Pink: PBMLF) has announced its intention to seek legal recourse following ignored attempts to meet with the Lake Babine Nation (LBN). The BC Environmental Assessment Office has stated that without LBN support, PBM's new application for their Morrison Project will not be considered. The company has invested $43 million since 1997 on this project, aimed at mining copper, gold, and molybdenum. An MOU signed with LBN in 2012 was later repudiated, despite PBM meeting all environmental assessment criteria. After repeated rejections and a quashed decision by the BC Supreme Court, PBM must now explore legal options to proceed with the project.
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