as long as the idle is set correctly (and oil paths are not clogged) the cam will get oil at start up. if you take the head cover off, or the cam out, be sure to lube the cam journals with molly di-sulfide grease (aka starting grease). I've never heard of a camshaft seizure on a savage either.
A cam chain failure, yes. This is what everyone here is freaking out about...
the savage will do 80 mph all day long for at least 5 days straight, stopping for gas. I did it. then my cam chain adjuster failed. not the cam lobes or journals. the bike continued to go, just not over 65 mph. Greg_650 posed pictures of his cams that had pitting or galling. those are the only one's I've heard of or seen like that on a savage.
originally posted & taken by Greg_650
here