Press Release
Unico, Inc. Announces Initial Geological Work Conducted at Clyde and Crown
Point Mines
Issued Wednesday November 21, 9:04 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov. 21, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that initial geological work has been conducted in the areas of the
Clyde and Crown Point mining claims by Dean Misantoni, senior geologist for
Deer Trail Mining Company, a wholly owned subsidiary of Unico, Incorporated. The
Clyde and Crown Point claims were subjects of a lease agreement with Deer Trail
Mining Company, Inc. that was announced in July 2006.
The report submitted by Mr. Misantoni states:
"Since August, 2007, initial geologic work has been conducted on the Clyde
and Crown Point Mine areas. This includes the review of very limited previous
geochemical data and maps of the area, aerial photographic examination, surface
reconnaissance mapping and sampling, and Brunton and tape mapping/sampling of
accessible underground workings.
As of this date, some 20 samples have been collected and analyzed by ALS Chemex
in Vancouver, British Columbia. The initial focus has been on understanding the
nature of the deposit(s), establishing the widths of mineralized structures,
establishing the geochemical signature of the mineralization as an aid in
guiding further exploration at depth, and its relationship to the mining
district as a whole.
A mineralized, generally fine-grained hornblende-biotite porphyry of unknown
dimensions is exposed on the surface and in underground workings on the
property. It crops out over at least 500 feet in an east-west direction in the
vicinity of the of the Clyde adits, and extends downhill to the south to near
Cottonwood Creek Road. It was not noted in or near the Crown Point Mine. Faulted
and mineralized intrusive contacts are exposed, either within steeply dipping
clastic rocks, possibly shales of the Triassic Chinle Formation, on the west,
or quartzites of the Jurassic Navajo sandstone on the east.
The property lies along several large, regional faults, and the Mesozoic
sedimentary rocks are jumbled and rotated to near vertical, probably due to
fault rotation, and possibly in part due to the intrusion. The form of the
intrusive body appears to be that of a small plug or stock, as opposed to a
dike, at the present level of exposure. Hydrothermal alteration varies from
moderate propylitization (chlorite, magnetite, calcite) to intense phyllic
alteration (clay/sericite) with disseminated pyrite and Fe-oxides. Rocks devoid
of alteration are not exposed.
Mineralization consists of veins and mineralized breccias within the intrusion,
and extends into the country rocks, which are sometimes altered to hornfels or
fine-grained, green calc-silicate assemblages. The strongest zones of mineralization
seem to occur along the northwest flank of the intrusion, at the brecciated
contact of the intrusion with the enclosing sedimentary rocks, at the junction
of at least two faults. Minerals consist of fine-grained
pyrite-chalcopyrite-galena-sphalerite-tetrahedrite-tennantite in white to clear
quartz veins and breccias. Other phases (enargite-covellite-chalcocite)
have been tentatively identified. The mineralization appears to be unoxidized
except for extensive, post-mine copper sulfate staining of fractures in the
upper Clyde adit winze.
Although much work remains to be done, the Clyde prospect is definitely
anomalous in a suite of elements, including gold (Au), silver (Ag), copper
(Cu), lead (Pb), zinc (Zn), molybdenum (Mo), bismuth (Bi), barium (Ba,) and
fluorine (F), consistent with the model for the mining district as a whole, and
with a subvolcanic porphyry-type environment. The petrology of the intrusive,
structural setting, and hydrothermal alteration types also fit the model quite
well. The presence of a buried intrusive stock and porphyry system beneath
Alunite Ridge has long been hypothesized, and the Clyde prospect (to the south
and topographically beneath Alunite Ridge) may represent one instance where the
top of such an intrusive system is exposed at the surface. Road access and
drilling platforms are present, and are much more logistically sound than
historic proposals to drill from platforms high on the mountains to the
north."
Mark Lopez, chief executive officer of Unico, Inc., stated, "As we prepare
to initiate processing operations at the mill and processing facility at the
Deer Trail Mine, we will concurrently work to explore and develop additional
sources beneficial to the facility. These sources are expected to include
underground mining activities associated with the Deer Trail Mine, as well as
other potential targets from the additional claims in the area, which include
the Clyde and Crown Point mines.
"We are quite pleased to have received this initial report from Mr. Misantoni
and look to continue the geological analysis of these claims as we move forward
with our exploration efforts," Mr. Lopez added.
In August 2007, Unico announced that it had 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. 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
.