Press
Release
Unico, Inc. Announces Completion of Connection to New
Electrical Substation at the Deer Trail Mine
Issued Thursday September 6, 9:05 am ET
SAN DIEGO, CA--(MARKET WIRE)--Sep. 6, 2007--Unico,
Incorporated (OTC BB: UCOI), a natural resource company in the precious metals
mining sector, today announced the completion of the electrical connection to
the new substation at the Deer Trail Mine that will supply power to the site. A
crew from PacifiCorp, the electrical utility that operates in Utah as Rocky Mountain Power, has completed
the interconnection between the existing Rocky Mountain Power substation and
the new Deer Trail Mine substation.
A new photo gallery showing the work to complete the interconnection to the new
substation is expected to be added to the Media section of the Unico website, http://www.unicomining.com, in the next
several days.
The new substation, which was completed with the assistance of electrical
contractor Cache Valley Electric, one of the largest electrical contractors in
the western United States,
will supply the 1.5 megawatts of power required to operate the mill and
processing facility at the Deer Trail Mine. An additional 1 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 interconnection was completed over a two-day period. On the first day,
power to the Rocky Mountain Power substation was terminated so that the
necessary maintenance and preparation work could be completed ahead of the
interconnection between the two substations. The next day, power to the site
was again shut off and the interconnection was completed.
In addition to the interconnection, the power meter has been installed at the
new substation. Unico's wholly owned subsidiary, Deer
Trail Mining Company now has the ability to bring the substation online by
energizing the main transformer at the site.
"The completion of the interconnection to bring power to the new
electrical substation at the Deer Trail Mine is a significant milestone for our
project," stated Mark A. Lopez, chief executive officer of Unico. "We now have the ability to access an abundant
supply of cost-effective electricity to power the mill and processing facility,
as well as providing for excess power capacity to allow for future upgrades and
additional operations at the Deer Trail Mine.
"We would like to remind shareholders that one of the primary reasons for
the construction of a new electrical substation at the Deer Trail Mine was so
that the company would incur significantly reduced power costs. As we prepare
for the initiation of processing operations at the mill facility, having lower
energy costs through the use of our new substation is expected to have a
positive impact on the overall costs incurred by the mill operations,"
added Mr. Lopez.
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
.