That would be a Model 1907, made by Mauser, marked on the left side. There were some later that were made in Brazil, but even those were very good quality. Many Brazilian Model 1907s, 1922s, 1924s, 1924/34s, and 1935s were converted to 30-06 in the 1950s, so I would say yes, it is strong enough. It is a Mauser 98 action, after all. Rebarrel, and away you go.
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