Press Release
Unico, Inc. Announces Additional Reconstruction Work at the Mill and Processing
Facility at the Deer Trail Mine
Issued Monday July 16, 10:02 am ET
Millwright Gives Final Approval to Operate Ball Mill
SAN DIEGO, CA--(MARKET WIRE)--Jul. 16, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced additional 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 of the Unico website,
http://www.unicomining.com, in the next several days.
Jean Duvall, the millwright contracted to supervise improvements to the ball
mill, has completed the final inspection on the ball mill. Mr. Duvall checked
the alignment of the bull gear and pinion gears and made one last final
inspection of the main trunion bearings before giving his final approval to
operate the ball mill. Once the power has been connected, there will be a dry
run, and after any necessary adjustments are made, the balls will be installed
inside the ball mill.
Assembly of the thickener, which will primarily be used to thicken tailings, is
in the final stages of completion. The thickener walls have been erected to
their final height and have been completely welded including the angle iron
stabilization rims. The thickener bridge, turning mechanism, rakes, decking,
and stairways have all been installed. The majority of the safety railings have
also been installed. The steel for the remaining railings has been delivered
and installation is expected in the next several days. The overflow weirs have
been fabricated, and once the weirs have been installed, the unit will be
considered complete. Rust inhibitor paint will be applied before the thickener
begins operating.
The piping and pump requirements for the flotation process are presently in the
final calculation stages. The required pumps are either already on site or are
immediately available for purchase. Installation of the pumps and piping
will commence once the calculations are complete.
"The reconstruction work at the mill and processing facility at the Deer
Trail Mine continues to progress at full pace, and the final inspection of the
ball mill by our millwright, Jean Duvall, is an important step in preparing to
operate the floatation process at the facility," stated Mark A. Lopez,
chief executive officer of Unico, Inc. "The anticipated completion of the
thickener in the new mill building and the installation of the required piping
and pumps in the floatation circuit will be additional milestones in the
reconstruction process, and we look forward to seeing the remaining work
completed so that operations at the Deer Trail facility can begin as soon as possible."
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. 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
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.