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Press Release
Unico, Inc. Announces Photo Gallery Showing Additional Progress of Electrical Work and Reconstruction at the Mill and Processing Facility at the Deer Trail Mine
Issued Thursday August 30, 9:10 am ET
SAN DIEGO, CA--(MARKET WIRE)--Aug. 30, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced the addition of a new photo gallery on the company's corporate website, www.unicomining.com, showing recent progress of electrical and reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysville, Utah.
The new photo gallery showing the reconstruction and electrical work has been added to the "Media" section of the Unico website at www.unicomining.com./news/othermedia.php.
The electrical work has paved the way for the completion of the interconnection between the existing Rocky Mountain Power substation and the new substation at the Deer Trail Mine that will supply power to the site.
In the gallery, there are several photographs of fencing for the new substation that has been delivered to the site and installed. Two 10-foot gates have also been installed to allow access to the station and the gates are pictured in the gallery. With all of the components for the substation installed, including the main transformer, metering cabinet, main switchgear, main fused switch, electrical lines and support poles, the substation is ready for the interconnection with the existing substation. The interconnection is expected within the next several days.
The new substation will supply the 1.5 megawatts of power required to operate the mill and processing facility at the Deer Trail Mine and an additional 1 megawatt of excess power capacity 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 gallery shows that the concrete for the secondary substation pad has been poured. The main components for the secondary substation, including two smaller transformers, an electrical panel that will house the 800 amp disconnect switches, and one of the disconnect switches that will isolate power supplies to the two main mill buildings from each other, have been delivered to the site. The remaining components have been ordered and delivery is expected in the near future. Fencing and a gate for the secondary substation are onsite and will be installed after all of the components are installed on the pad.
The thickener in the new mill building, which will primarily be used to thicken tailings, has been successfully water tested and is ready for use. The new photo gallery shows several pictures of the successful thickener water test.
Also in the new mill building, the vacuum pumps used for the Eimco filter have now been installed, as have the filter sectors and the filtrate tanks that will be used to collect the water that passes through the filter sectors from the mill tailings and floatation concentrate. The filtrate tanks being prepared for installation are also pictured in the new gallery.
"With the work to complete the main electrical substation that will supply abundant and cost-effective power to the Deer Trail Mine essentially complete, and the remaining work on the secondary substation underway, we look forward to the upcoming interconnection with the Rocky Mountain Power substation at the site," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The new gallery shows the recent work on the electrical system, and we will provide continued updates on the interconnection and remaining wiring that will allow the substation to deliver electrical power to the mill facility. Also in the gallery are photographs showing the successful leak testing of the thickener, which is now ready to be used in the processing operations."
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
.