Definitely not a controlled Mauser feed. Similar to the Rem 700 in that it has a button ejector on the bolt face and a small extractor. Works, but not Mauser-like.
But a bonus if you want to feed one at a time from an empty magazine.
As far as vs. a M70 . . . Savage is mostly similar to the post-'64 style push-feed for bolt head (not current production). But the Savage has a "floating" head that is rumored more accurate.
Mauser M12 is nothing like either. Closer to a Browning or Weatherby.
All are more than adequate for what they are chambered in. Savage has a reputation for shooting with the best but costing less.
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