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Press Release
Unico, Inc. Announces Further Progress of Reconstruction Work at the Mill and Processing Facility at the Deer Trail Mine
Issued Monday August 20 9:09 am ET
SAN DIEGO, CA--(MARKET WIRE)--Aug. 20, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced further progress of reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
A new photo gallery showing the reconstruction work is expected to be added to the Media section Unico website, http://www.unicomining.com, in the next several days.
The vacuum pumps used for the Eimco filter have been delivered to the Deer Trail Mine site as have the filtrate tanks and filtrate pumps that will be used to collect the water that passes through the filter sectors from the mill tailings and floatation concentrate. The filtrate tanks are currently being installed, and the vacuums will be installed immediately thereafter.
Unico's wholly owned Deer Trail Mining Company subsidiary has received delivery of all of the piping for the entire mill. The piping was purchased through Isco Industries (http://www.isco-pipe.com/default.asp) of Salt Lake City, Utah. The piping that will be used to transport the tailings from the secondary flotation cells to the thickener has been installed.
Installation of the filter sectors on the Eimco filter is underway, and all the final adjustments necessary for it to operate are being made.
The main water lines that will be used for the overflow of the thickener have been installed. This will allow the Deer Trail Mining Company to recycle the majority of the water used in the floatation process, and the recycled water will be distributed throughout the mill for make-up water in the process stream. The final coat of Vulcanizing rubber waterproofing has been applied to the thickener, and it is ready to be leak tested.
The pumps needed to move the process slurry have been ordered, and delivery is expected within the next week.
With the ongoing progress of work to complete the new electrical substation that will supply power to the Deer Trail Mine property, numerous electrical connections are being made at the facility as the reconstruction work continues.
"We are pleased to report the additional progress of reconstruction work at the mill and processing facility at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico, Inc. "Representatives from Unico management are traveling to the Deer Trail Mine this week, and we look forward to reporting the activity we see related to reconstruction of the mill and processing facility, as well as the work to complete the new substation that will supply power to the site."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
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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
.
