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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

Pacific Booker Minerals Inc. is a Canadian natural resource exploration company. The Company’s principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is in the advanced stage of exploration of the Morrison deposit, a porphyry copper/gold/molybdenum ore body, located approximately 35 kilometers (km) north of Granisle, BC and situated within the Babine Lake Porphyry Copper Belt. It has a 100% interest in certain mineral claims located contiguous to the Morrison claims. The Company is proposing an open-pit mining and milling operation for the production of copper/gold/silver concentrate and molybdenum concentrate. It is located within 29 km of two former producing copper mines, Bell and Granisle. The Company is in the design stage of the exploration and evaluation of the Morrison property.


TSXV:BKM - Post by User

Bullboard Posts
Post by CopperMbron Jun 26, 2019 10:39am
120 Views
Post# 29864623

Approval timeline

Approval timelineAlthough most of us shareholders were wanting and hoping that the EAO approval would be forthcoming following or inline with the Blackwater approval I refer to Kevin Jardine's letter of June 19, 2019. BKM is still being assessed under the 2002 Environmental Assessment Act and not under the new Environmental Assessment Act recently approved. The new act is likely to come into effect later this year, likely December or even into the new year. The requirements under the Section 17 order are still on the table and required until the new Act comes into force. Nothing regarding the approval is going to advance until BKM fulfills these requirements. Information that was previously filed is becoming stale dated and requires updating (i.e., Lake Babine Engagement Plan 2015 version). According to the EAO, it's been 4 years since the Section 17 Order was issued and there hasn't been a SAIR submitted that meets the requirements. BKM now has until September 03, 2019 to submit the required information. Meanwhile the EAO is considering how best to address the lack of progress in advancing the project. While the company representatives believe the SAIR is not required and the decision is in the hands of the Ministers, this is clearly not the case. Substantial information needs to be submitted by Sept 03 for this to advance. The project is still under the former Act until the new Act comes into force which is likely very late this year. I remain positive as this is an outstanding opportunity but there needs to be advancement of the information required under the Section 17 Order. There is no approval, even though the whistle blower document stated there was a positive recommendation, there is no approval. If Blackwater received their federal approval prior to the provincial approval why has BKM not received the same consideration. What's missing? It seems pretty obvious from the June 19, 2019 EAO letter. Management needs to turn the lights on and get to work.
Bullboard Posts