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RUTHERFORD ("Ruddy") DAY
AND STEVE OLMORE: BOBCAT PROPERTIES INC // S. D. OLMORE & ASSOC., INC. (SDO&ASC) -
BOARD MEETING - AT TROPICAL ACRES, FORT LAUDERDALE
Rutherford Day was
a MENTOR, ASSOCIATE, AND DIRECTOR of SDO&ASC FOR 20 YEARS - he passed away in June of 2016. During Ruddy's tenure
he made fundamental and lasting contributions to SDO&ASC. He developed and owned several gold
and mining properties with private financing of Bobcat Properties, Inc. In the Western U.S. Ruddy mined, milled,
and refined 110,000 ounces of gold and extracted 1,000,000 ounces of silver from the ATLANTA, NEVADA Open-Pit Mine between
1972 and 1985 (See image above); this was Bobcat Properties' core asset***. Previous to his 30-year mining career he
had a 20+ year General Law practice in Washington, D.C. and Virginia that handled a broad variety of litigations
most all inside the Beltway. His home town was Washington and his family was involved with the Washington Post
and was affiliated with the Government Beauracracy - that helped them survive the Great Depression. He was up
near Logan Circle, attended the prestigious Sidwell Friends School during the depression, graduated from Central HIgh School
at 16 in 1940, attended American University, and soon afterward transferred to Harvard College to complete an A.B.
in Government and Economics. Upon graduating he entered the U.S. Army and things became bloody as he participated in harm's
way action in the Pacific Theatre during WWII. Ruddy conducted many advance reconnaissance missions with Army intelligence
as a Cryptographer and Scout in New Guinea and the Solomon Islands; "there's a lot of gold [placer] there"
was his laconic statement (not known to repeat himself) in reference to the eastern end of New Guinea. Following the
War he studied and received LLB and JD degrees at Georgetown and George Washington Universities respectively, he
then entered the JAG Corps; he had served in Marines, Airforce, and Army during the Korean War. He rose to a
Major in the army. He was active in Reserve and Vetrans issues after his return to Washington and developed
a private practice where he handled many difficult personal and classified matters of federal employees. Though
a brilliant attorney he himself wrestled with a period of adjustment from war injury that lasted his remaining adult
life. His qualifications led him to an unsuccessful run for State Representative, in Arlington as a Republican
and lost (unsurprisingly). His studies, service in three Armed Forces, and intimate knowledge of the
Nation's Capital gave him insight and contacts in Washington and direct information on the future
economic course of the Nation; $35/ounce gold was frozen by the Roosevelt Administration during the Depression; law
prohibited American Citizens to hold signicant amounts of gold other than a few grams of artesanal placer through five
presidencies; and it U.S. gold mines were all shut down in the U.S. during WWII. The 40-year U.S. government price control
and circulation of gold in the public domain was ended by President Nixon in August of 1971. Gold was allowed to adjust in
US$ to its market value and price to pay Sovereign debts; the public was allowed to own substantial quantities. Ruddy
parlayed his economic knowledge into several successful mine acquisitions in the Western U.S., principally in Nevada.
As a lawyer-economist "Ruddy," was a relentless "Goldbug," with an encyclopedic knowledge
and a large collection of information on gold. He viewed "faith-based" currency printed
by the Bureau of Engraving and Printing that is now sent "out the door," in truckloads to Federal Reserve Banks
(and elsewhere) as specious. "Ruddy" had maintained that Fort Knox required an audit and may
be significantly depleated.
An Op Ed posted in the New York Times 04-12-2013 by Economist Paul Krugman,
Ph.D. currently Distinguished Professor Graduate Center of the City University of New York, and Columnist for the New York Times explains the differences between Fiat Curcency eletists and "Gold bugs."
What do I mean
by goldbuggism? Not the Notion that buying gold sometimes makes sense. Gold has been a very good investment since the early
2000s, and it’s probably not all bubble. One way to think about this is that gold is like a very long-term bond that’s
protected from inflation; and actual long-term inflation-protected bonds have also seen big price increases, reflecting a
general perception that there aren’t enough alternative good investments.
being a goldbug means asserting that gold offers unique security in troubled times; it also means asserting that all would
be well if we abolished the Federal Reserve and returned to the good old gold standard, in which the value of the dollar was
fixed in terms of gold and that was that. And both forms of goldbuggism soared after 2008.
& asc has been in close association with the Atlanta mine and with an eye on the Atlanta for more than 50
years. Following geology studies at USC the Atlanta was considered as a subject for a Master's thesis at the University
of Utah. However Steve's experience with southern California and Nevada field studies at USC focused on structural
geology and mineralogy instead. Practical Nevada fieldwork with AMAX Exploration
and Harry Olson, Ph.D. a mining geologist in Nevada in 1968 and later explorations with Bear Creek Mining Company with
Al Young in 1971 set the course of applied geologic investigations which later were pursued. With Homestake Mining
Company in 1985 Atlanta was shutting down and Homestake engaged in drilling investigations at the nearby Chief Mining
district where structural controls on gold mineralization would lead to discovery. Invesetigations nearby Delamar
and Pioche were also pursued; these studies enhanced knowledge of Atlanta considerably. Atlanta came to SDO's attention from
Ben Harrison, a mining-engineer intermediary who urged me to contact Rutherford Day in 1993-1994; SDO&ASC did examined
the property and then took the property to Echo Bay Mines (now Kinross Gold) for development, with whom I had a contract;
a significant finder's fee was received by SDO&ASC. These events began the association
and relationship between Rutherford Day and S. D. Olmore that lasted until his death in June of 2016.
WE ARE GEOLOGISTS.
COPPER, GOLD, SILVER, BASE METALS, AND CRITICAL AND
ARE OUR PRINCIPAL FOCUS.
WE ARE ALWAYS IN SEARCH OF HIGH-QUALITY
PROFESSIONALS AND ORGANIZATIONS,
WITH WHICH TO ASSOCIATE
EXPLORATION EXPERIENCE DOMESTIC AND FOREIGN FROM SDO&ASC BASE IN KEY BISCAYNE
GEOLOGiC INVESTIGATIONS & MINERAL
PROPERTY APPRAISALS; ON-SITE PROPERTY EXAMINATIONS ARE CORE ASPECTS OF OUR WORK.
TECHNICAL TRANSFER THROUGH DIRECT
ASSOCIATION - FOREIGN AND DOMESTIC: WE HAVE EXPERIENCE USING A FULL SET OF PROPRIETARY ORE-DEPOSIT MODELS
HIGILIGHTS OF EXPERIENCE: work
experience (U.S.A. & Foreign) of Steve Olmore, B.A., Ms., Ph.D.: Exploration: AMAX, INC, RENO, NEVADA, USA 1968
- FIRST PROFESSIONAL ASSIGNMENT - REGIONAL EXPLORATION, BASIN AND RANGE PROVINCE; Geologist for: Bear Creek Mining Co.
(Division of Kennecott Copper Corp.) Reno, NEVADA; Minerals Exploration Co., Tucson, ARIZONA (Union Oil Minerals
Division); Senior Exploration Geologist for Amax & Climax Molybdenum Co.- USA - Exploration in Western U.S. and
COLORADO, regional exploration and Advanced Project drilling; From Climax Molybdenum in 1979 to become Union Oil's Manager
of Exploration in a four-way Joint Venture - KS/AS Fenco - between Union Minerals NORGE, Cappelen, A/S Sydvaranger - IRON
mining company at KIRKENES, NORWAY (adjacent the then Soviet Union and its strategic Kola Peninsula) and Elkem Spriggerverket A/S
- A rare-metals group in OSLO. The JV took on several major strategic rare earth and base metals mining projects
spanned southernmost Norway to far north regions juxtopposite yet a reinforced border with the the Soviet Union above the
Arctic Circle; correspending with Union Oil Norge's North Sea Acquisition of offshore Petroleum Exploration Blocks and Exploration;
Senior Exploration geologist for Unocal Molycorp - Underground drilling of the a newly discovered molybdenum orebody at QUESTA,
NEW MEXICO; Senior Exploration Geologist for Homestake Mining Co. - USA - extensive gold and rare metals exploration in Western
U.S.; Joint-Venture with FRANKLYN Corporation - PLACER GOLD MINING Venezuela, OMAHA, NEBRASKA; Consulting for the QUAPAW INDIAN
TRIBE, OKLAHOMA on their tailing deposits abd holdings in the PICHER LEAD-ZINC MINING DISTRICT. CHIEF CONSULTING GEOLOGIST
for MONARCH MINERALS, listed on the London Stock Exchange and situated in Caracas, VENEZUELA, and advised their Board and
President, in gold processing and mine development and exploration activities at El Callao and vicinity VENEZUELA; Chief Consulting
Geologist for FOSTER WHEELER Caribe Corp. - CARACAS - in search of mining-infrastructure facilities, VENEZUELA; Consultant
for L. B. Mining Co. & Frank Barnes, Associates - GOLD, DIAMONDS, VENEZUELA & IDAHO; HENRY BROSNAHAM -
dredging; ELI FIZOUTY, DIAMONDS; CIUDAD BOLIVAR, VENEZUELA; accomplished about twenty-five independent property
examinations for small Junior Mining companies, Vancouver stock-exchange listed, in VENEZUELA, ARGENTINA, CHILE; Worked on
several gold projects with Marchan Development Co. of Alexandria, Va. in Colombia. Director of Cadre Resources, Stock
Exchange listed, VENEZUELAN properties; SOUTHERN COPPER CORPORATION (Affiliate of ASARCO, INC. USA); Director of
BOBCAT PROPERTIES (11 years), Rutherford Day and the Atlanta Gold Mine near PIOCHE, NEVADA and
Ft. Lauderdale, FL, USA; Expert Witness Testimony in two high-profile South Florida Mining and hydrogeology-groundwater court
cases, one managed by Miami Attorneys Hall Lamb and Hall, and the other for Marzulla Law of WASHINGTON, D.C.; Consultant
to: Rinker Materials Corporation, WEST PALM BEACH, FLORIDA; Consultant to: Stagg Resource Consultants, Inc. - WEST VIRGINIA.
Project evaluation in YUNAN PROVINCE, CHINA; KENTUCKY BASE METALS, USA, Eritrea, Africa; with Ellis International Services,
did groundwork for valuation of a major project in the KM 88 district, VENEZUELA; Gustavson Associates, for Rare metals exploration
and development in TANZANIA; PAN AUSTRALIAN RESOURCES, Daniel Brost - Copper Gold Exploration, CHILE, AUSTRALIA, &
WORLDWIDE; valuation of a Granite Quarry at Elberton, GEORGIA, U.S.A.: We operate DOMESTIC AND FOREIGN PROJECTS from
SDO&ASC cyber base in the CITY OF KEY BISCAYNE, FLORIDA.
GOVERNMENT GEOLOGY: Awarded Title IV National Defense Education Act Fellowship from
USA Department, of Health, Education, and Welfare, Department of Education, while studying at University of Utah for Ph.D.
degree - completion date 08/1971.
from 1989-1991 with U.S.Geological Survery & Corporacion Venezolana de Guayana - in a Venezuela - USA - Joint Venture
- ATTACHED TO ECONOMIC SECTION OF U.S EMBASSY, CARACAS. A Joint venture was accomplished in a base-line regional
environmental, resource identification with mineral survey, and mapping project in AMAZONAS then TERRITORY contiguous
with Colombia, Guayana, and Brazil, involving multidisciplined teams of scientists and setting up and operating in ~15 remote
field field camps in the dense Jungles of the GUAYANA SHIELD OF VENEZUELA; included extensive river work, helicopter transport,
and light plane transport to distant interior sites. PRODUCED EIGHT publications with JEFF WYNN AND FLOYD GRAY,
USGS & VICENTE MENDOZA of TECMIN, CVG. which include FIVE 1/500,000-SCALE GEOLOGY MAPS OF AMAZONAS
TERRITORY and BOLIVAR STATE, VENEZUELA as second Author, and contributed materially to several other
documents. Pending works are several USGS maps published in LINCOLN COUNTY, NEVADA from earlier work
(with permission) from Homestake Mining Company.
WE ENGAGE IN MINERALS EXPLORATION, DEVELOPMENT,
AND MINING AND TECHNICAL ASSISTANCE TO COMPANIES, GEOLOGY STUDENTS, AND GOVERNMENTS
WITH OUR ASSOCIATES, TO
TAKE ON MOST MINERAL RESOURCE EVALUATIONS, GEOLOGIC MAPPING PROJECTS, AND MOST PROJECTS THAT COME TO THE TABLE.
| GLOBE_LIBRARY_OF_CONGRESS_WASHINGTON, DC
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