Correct. Basically the same system as every other bolt action rifle on the market. The only difference is that instead of lugs rotating in to a locking position it uses a centered pin to force ball bearings outward in to a groove locking the bolt in place. The bolt face still has to deal with pressure and will be pushed back as hard as the bullet is being pushed forward, but the bolt is locked in to steel, no aluminum.
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Younggun,
I think I understand, but what I meant to say (but probably didn't) was: are the bearings in the far forward part of the bolt and lock into the barrel extension, therefore having the steel bearings and steel bolt locked into the steel barrel extension? That must be the case, because I can't imagine having the bearings in the part of the bolt rearward of the barrel extension and locked into the aluminum receiver.
Cityboy