Unico, Inc. Announces Addition of a New Photo Gallery and
Video Clips Showing the Progress of Reconstruction Work and Equipment Startup
Testing at the Mill and Processing Facility at the Deer Trail Mine
Issued Monday March 17, 8:51 am ET
SAN DIEGO, CA--(MARKET WIRE)--Mar. 17, 2008--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced the addition of a new photo gallery and video clips on the company's
corporate website, www.unicomining.com, showing recent progress of reconstruction
work and additional equipment testing at the mill and processing facility at
the Deer Trail Mine in Marysvale, Utah.
The new photographs and video clips have been added to the "Media"
section of the Unico website at www.unicomining.com./news/othermedia.php.
The new gallery includes photographs showing completed piping for the recycled
water circuit in the main mill building. The recycled water will be used as
make-up water throughout the facility. Testing of the recycled water circuit is
scheduled to begin within the week.
There are also several pictures in the gallery showing gear reducers that were
installed to reduce the speed of the feed conveyors that carry material from
the fine ore bins to the ball mill. During testing of the feeder belts, it was
determined that the speed of the ball mill feed conveyors were running too fast
and would have resulted in extreme belt wear. Additional gear reducers were
installed to reduce the speed of the feed conveyors. Testing also determined
that new idlers were necessary. The new idlers have now been delivered and
installed. The upgraded system now allows for more control over the feed to the
ball mill, which will assist in processing different types of ore.
One of the video clips included on the site shows testing of the feed conveyors
after the gear reducers had been installed.
Pictures in the photo gallery also show balls for the ball mill. The balls have
been sorted for size, and the smallest, which were deemed inadequate, were
rejected, as they would have hampered the grind kinetics. Balls that meet
specifications were installed in the mill. An additional four tons of four-inch
balls are needed for operation of the ball mill to begin and are being ordered
for delivery to the site.
The gallery also shows work being done on the new electric motor for the ball
mill by Energy Management Corporation (http://www.emcsolutions.com/), from
which the motor was purchased. When additional ball mill testing was conducted,
it was found that the parameters for the new electric motor had to be adjusted.
All costs for re-adjustment are covered under warranty and will be conducted by
Energy Management Corporation at no cost to Deer Trail Mining Company.
Two video clips included on the site show testing of the ball mill after the
electric motor had been re-adjusted.
The readjustment of the ball mill motor was scheduled to coincide with the
installation of a newly acquired electrical panel. The panel arrived onsite and
the installation was completed. Pictures of the panel arriving onsite and being
installed in the main mill building are included in the new photo gallery.
The photo gallery also includes pictures of two additional large storage tanks
that have been installed in the main mill building in order to provide the
facility with overflow flotation concentrate capacity. This will allow the
company to run the filter vacuum pump on an intermittent basis for further
conservation of energy. The tanks have been successfully tested for leaks and
are ready for operation.
"The new photo gallery and video clips show several aspects of the
reconstruction work and equipment start-up testing that has taken place at the
mill and processing facility at the Deer Trail Mine in recent weeks,"
stated Mark A. Lopez, chief executive officer of Unico, Inc. "We are
pleased to have the opportunity to show our shareholders the additional work
that has been completed as a result of recent start-up testing at the facility
and look forward to providing additional updates as soon as possible."
Shareholders who would like to sign up to receive information by email directly
from Unico, Inc., including when newsletters are issued and 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. In August 2007, 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
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.