I've seen plenty of lures with boiled linseed oil bleed. Over AYC and port orford is worst bleeding, sometimes red cedar too but doesn't seem to if the red is dry.
I very highly recommend moving away from linseed oil not only for the safety factor but what do you do with a quart of goo when it polymerizes in the jar. You can't throw it out it's hazardous waste.
I recommend several dips of lacquer sanding sealer (done outdoors) such as minwax which can be found not only online but at some hardware stores too. Over that I'd use bin in the gold can. Light coats. Then base color followed by finish colors.
Ayc makes very nice lures. Enjoy it because you will see the extinction of this tree possibly in your lifetime. As well as Port Orford. Both heavily harvested in Oregon, Washington, and BC.
I have been buying my ayc and poc from a distributor in Washington state. It's a great deal for the wood but it's the damn trucking that kills it. If you can find it like that then I'd buy it.
What else he got
If he's got too much ayc lemme know how much and maybe it's something I'd look at. What other woods does he have there? Birch and soft maple maple great needles. Stay away from oak, ash, anything open pored.