Described
as courageous and determined, O.H. Solibakke spent years placer mining
in Alaska before he became involved in the development of the Cariboo
Gold Quartz Mining Company. A Seattle promoter and financial
agent, O.H. Solibakke raised the money and disposed of the
stocks for the Cariboo Gold Quartz Mining Company (CGQ).
O.H.
eventually became the optimistic director of the CGQ and sold shares
in the United States, England, and Europe when the government would
not allow it in Canada. Mr. Solibakke has been credited with being the
best stock salesman on the Pacific Coast. He managed to sell stocks
for the Cariboo Gold Quartz despite the Great Depression, mistrust of
shareholders, nasty rumours spread by other financiers, and poor geological
reports about the Cariboo. He made the sales through personal solicitation
of prospectors and personalized advertisements, unusual practices at
the time.
Labeled
one of 'The Three Musketeers', Solibakke
ignored the sceptics of the gold mines along with Fred Wells and Dr.
Burnett. He also kept diaries, referred to as the Solibakke Diaries,
which detail the mining strikes at the Cariboo Gold Quartz Mine and
Island Mountain Mine. Mr. Solibakke also became a member of the townsite
syndicate (The Wells Townsite Company) for the building of Wells, B.C.
The
Process | Lode vs. Placer
| Two Companies | Mining
Strikes | Profile of a Miner | Home
| Meet the Team | Site
Map