I experience this same phenomenon in my Savage-made No.4 MK1*. Whether the rifle is dry-fired or live-fired, the bolt knob jumps up about 3/4 of an inch from the fully locked position. I posted this same question over on the gunspot.com forum, under the Military Surplus category, and got some rational, compelling responses. I can't recall the mechanics involved, but it is apparently a very common occurrence and not cause for concern. Head over to gunspot and do a search for the thread. You may want to have a gunsmith look the piece over to be safe, but my guess is that you are experiencing one of the personality "quirks" common to the design. Good luck!
vanfunk
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semper ubi sub ubi
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