Reference: Here is the exploded diagram from Savage Arms website:
Part number and Savage part description
12S Bolt Assembly Screw (BAS)
12C Bolt Handle
11D Mainspring (.055 Rocket Wire)
12A Cocking Piece Pin
11G Firing Pin
12G Bolt Body
12M Bolt Head Retaining Pin
12I Front Baffle Washer
12J Front Baffle
12K Bolt head assembly
Step one: Remove the bolt from the rifle
Make sure rifle is unloaded and there is not a live round in the chamber.
Lift the bolt handle and pull fully rearward
When the bolt is opened, look and feel to be sure there are no cartridges in either the chamber or magazine.
Pull back on the trigger while pressing down on the cocking indicator
Slide the bolt out of the rear of the receiver
Care should be taken not to hit the stock with the bolt
Step two: Bolt disassembly.
The first time the bolt is disassembled, it will likely be very difficult to remove the BAS. Here's how to do it.
Push the cocking piece pin in the direction of the arrow until it snaps down to the fired position.
Insert a ¼” allen wrench as shown into the rear of the BAS. The handle of the allen wrench must be farther clockwise than the bolt handle when viewed from the rear of the bolt.
Technique: Place bolt, (important: with the allen wrench against the floor and the bolt handle angled up) on a carpeted floor or on several layers of rags on a concrete floor. (Do not use a wood floor, as what you are about to do may damage or dent the floor, even through several layers of rags.) Then, gently step on bolt handle as shown, gradually applying more pressure until BAS releases and starts to turn. (Instead of body weight, a deadblow hammer might also work.)
Unscrew BAS from bolt body.
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