Unico, Inc. has sent the following information at your request. If you do not wish to receive future correspondence from the Company, please respond to this message with "Unsubscribe" in the subject line.
Press Release
Unico, Inc. Announces Approval of Amendment to Commence Large Scale Mining Operations at the Deer Trail Mine
Issued Monday October 15, 9:05 am ET
SAN DIEGO, CA--(MARKET WIRE)--Oct. 15, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that it has received conditional approval of an additional amendment to its Large-Scale Mining Plan to cover expansion of the mill and processing facility at the Deer Trail Mine in Marysville, Utah.
The State of Utah's Division of Oil, Gas and Mining (DOGM) granted formal approval of Unico's amended Large-Scale Mining Plan for the Deer Trail Mine in April 2005. DOGM completed a review of the amendment submitted by the company in February 2007 and updated in September 2007.
Unico's wholly owned subsidiary Deer Trail Mining Company, LLC has added new construction elements to the existing site plan for the mill and processing facility at the Deer Trail Mine. As part of its amendment to the Large-Scale Mining Plan in February 2007, Unico submitted to DOGM additional blueprints of the site modifications and a reclamation surety bond estimate.
The amended Large-Scale Mining Plan allows Unico to expand the scope of its large mining operation and execute its long-term plan at the Deer Trail Mine. Mining operations under the plan may include activities conducted on the surface of the land for exploration, development or extraction of a mineral deposit, including, but not limited to, surface mining and the surface effects of underground mining, on-site transportation, concentrating, milling, evaporation and other primary processing.
Recently, the company contracted with Atlas Fausett Contracting, a division of Atlas Mining Company (www.atlasmining.com), for underground mine maintenance work including portal and stope rehabilitation at the Deer Trail Mine. Atlas Fausett Contracting provides a variety of services, including site evaluation, feasibility studies, trouble-shooting and consultation prior to the undertaking of exploration and mine development. AFC projects include all types of underground mine development, rehabilitation and specialized civil construction.
Atlas Fausett Contracting is currently conducting initial underground maintenance work including the replacement of timber sets, clean up of the main haulage way and installation of ground support where needed.
Concurrently, reconstruction of the mill and processing facility at the Deer Trail Mine has continued. The new electrical substation will supply up to 2.5 megawatts of electricity to power mining and processing activities at the site. With the main electrical substation, the secondary substation and all major electrical connections completed, power is now available inside both mill buildings at the site. The main substation supplies the 1.5 megawatts of power required to operate the mill and processing facility and an additional megawatt of excess power capacity is available for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area.
The reconstruction of the mill and processing facility is being undertaken so that Unico's wholly owned mining subsidiary, Deer Trail Mining Company, Inc. can begin processing operations at the site. Above-ground stockpiles of material at the site is the immediate target of processing operations as additional future planned mining operations at the Deer Trail Mine are strategized.
Onsite metallurgical and geological work has also been initiated at the Deer Trail Mine.
"We will continue to comply with DOGM's requirements for permitting and posting of the required reclamation surety as we prepare for processing operations at the mill and processing facility and future underground mining activities at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico. "As operations at the site are expanded, we expect there to be additional amendments to the Large-Scale Mining Plan. We are very excited about the progress made thus far and the future of our project at the Deer Trail Mine."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTC BB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit
www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
abeyer@geminicommunications.us
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.
