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  3. Mineral Resource Data System (MRDS)

Libby Prospect

Unknown in Lincoln county in Montana, United States with commodity Gold
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Sections on this page
  1. Identification information
  2. Geographic coordinates
  3. Site location context
  4. Geographic areas
  5. Public Land Survey System information
  6. Commodities
  7. Nearby scientific data
  8. Economic information about the deposit and operations
  9. Land status
  10. Reserves and resources
  11. Links to other databases
  12. Bibliographic references
  13. Reporter information

Geologic information

Identification information

Deposit ID 10281350
MAS/MILS ID 0300530223
Record type Site
Current site name Libby Prospect

Geographic coordinates

Point of reference Ore Body
Geographic coordinates: -115.55212, 48.04317 (WGS84)
Elevation 1463

Site location context

Political divisions (FIPS codes)

Lincoln(county)

Montana(state)

United States(country)

North America(continent)

Land(continent)

USGS map quadrangles

Howard Lake(quadrangle 1:24,000 scale)

Libby(quadrangle 1:100,000 scale)

Kalispell(quadrangle 1:250,000 scale)

Hydrologic units (watersheds)

Fisher(hydrologic unit)

Kootenai(hydrologic accounting unit)

Kootenai-Pend Oreille-Spokane(hydrologic subregion)

Pacific Northwest(hydrologic region)

Federal lands

Kootenai National Forest(National Forest)

National Forest FS(Type of land area)

FS(Federal land areas administered by FS)

Geographic areas

Country State County
United States Montana Lincoln

Public Land Survey System information

Meridian Township Range Section Fraction State
Montana Principal 026 N 031 W 02 E2 Montana

Commodities

Commodity Importance
Gold Primary

Nearby scientific data

Ore Body (1) Upper Prichard or Appekunny Formation
ListMap

Economic information

Economic information about the deposit and operations

Operation type Underground
Commodity type Metallic
Significant Yes

Land status

Ownership category National Forest

Comments on the ownership information

  • In April 2006, Antofagasta and Barrick held 95.97% of Tethyan and was proceeding with the compulsory acquisition of the remaining shares in Tethyan. (Antofagasta PR 4/28/06)

    In mid-March 2006, Barrick Gold completed its acquisition of Placer Dome. (Barrick PR 3/15/06)

    In October 2005, Barrick Gold announced an unsolicited $9.2 billion cash and share offer for Placer Dome Inc. The offer represented a premium of 24% over Placer Dome's NYSE closing price on October 28, and 27% on the average closing price over the previous ten days.

    Placer Dome's common shareholders can elect to receive $20.50 in cash or 0.7518 of a Barrick Gold common share plus $0.05 in cash for each Placer Dome common share, subject to the maximum amount of cash and Barrick common shares offered. Barrick Gold will pay a maximum of about $1.224 billion in cash and about 303 million Barrick common shares, which will result in $2.65 in cash and 0.6562 of a Barrick common share for each Placer Dome common share subject to the offer. (Barrick PR 10/31/05)

    On December 2, 2004 Barrick Gold announced an agrement to invest in Celtic Resources as part of Barrick's strategy to develop gold assets in the Russian Republic of Sakha (Yakutia) and Kazakhstan. Barrick agreed to spend $28 million and receive about 3.7 million Celtic ordinary shares and 1.84 million Celtic ordinary share purcahse warrants. The warrants had an exercise price of $7.652/share, and an expiry date of December 31, 2007. The deal closed on January 7, 2005, and now Barrick owns about 8.9% of Celtic's increased share capital, with an option to increase its ownership to about 13.4% (an additional 4.5%) through the exercise of warrants. (GAS 2/05)

    In January 2004, Barrick announced that it was spending $40 million to increase its stake in Highland Gold Mining. Barrick was set to acquire 9.3 million Highland shares at about $4.30/share to raise its stake in Highland from 10% to about 17%.

    The transaction would give Barrick the right to nominate one director to Highland's board and to assign personnel to the company. Under the deal, Barrick will have the right to participate on an exclusive basis for up to 50% on any acquisition made by Highland in Russia. It also extends similiar rights to Highland for any acquisition made by Barrick in certain regions of Russia, excluding Irkutsk. (GAS 2/04)

    In December 2001, Barrick completed of its merger with Homestake Mining. (Barrick PR 12/14/01)

    In June 2001, Barrick Gold Corp said that it would buy Homestake Mining Co in a $2.3 billion share exchange that it said would create the world's second biggest gold miner.

    Under the terms of the deal Barrick is offering 0.53 of a Barrick share for each of Homestake's 263.3 million outstanding shares, valuing each Homestake share at $8.71. The deal was scheduled to close in the December 2001 quarter. (Reuters 6/25/01)

    In August 2000, Barrick acquired 22% (1.15 million shares) of IMA Resources for C$1.7 million. (IMA PR 8/16/00)

    In June 2000, Barrick reported a friendly cash bid to purchase Pangea Goldfields's 29.2 million outstanding shares at a price of C$7.00/share. The transaction valued Pangea at C$204 million. (NM 7/16/00) By September 2000, Barrick had acquired 100% of Pangea. (DC 9/1/00)

    By July 1999, Barrick had completed its acquisition of Sutton. (DC 7/99) Barrick offered 0.463 Barrick shares for each Sutton share, an exchange that valued Sutton at about C$13.5/share. The total acquisition price was C$525 million. (Barrick PR 2/18/99)

    In February 1999, Opawica announced that Barrick Gold agreed to subscribe for 1 million units of the company at $1.00/unit, for proceeds to Opawica of C$1 million. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitled Barrick to purchase one common share of the company at $1.25/share. Warrants had a two-year term. (Opawica PR 2/12/99)
  • By October 1996, Barrick Gold had completed its acquisition of Arequipa Resources. (CMH 1998/99)

    In July 1996, Barrick Gold made a C$915 million cash takeover bid for Arequipa Resources. (G&M 7/12/96)

    In December 1995, Barrick acquired 100% of High Desert Mineral Resources from P Lee Halavais and Ronald Halavais. (Barrick PR 2/29/96)

    Barrick Gold acquired Lac Minerals in 1994. (Barrick Gold 12/94 AR 2/25/95)

Reserves and resources

  • Type In-situ
    Estimate year 1992
    Total resources 13000000mt ore
    Remarks USGS OFR 2004-1038
    Commodity Subtype Grade units Group Importance Year
    Gold 0.69 g/mt Gold Major 1992

Reference information

Bibliographic references

Reporter information

Type Date Name Affiliation Comment
Reporter 14-NOV-1983 Western Field Operations Center (WFOC) U.S. Bureau of Mines

Beyond USGS

Supplemental information added by qvyshift.com. Not part of the original USGS MRDS record.

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