Press Release
Unico, Inc. Announces New Photo Gallery Showing Progress of Additional Work
Completed by Atlas Fausett Contracting to Rehabilitate the Deer Trail Mine for
Underground Mining Activities
Issued Monday November 13, 8:43 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov. 13, 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 the progress of work conducted by Atlas
Fausett Contracting, with which the company's wholly owned Deer Trail Mining
Company subsidiary has contracted for underground mine maintenance work
including portal and stope rehabilitation at the Deer Trail Mine in Marysvale,
Utah.
The new photo gallery showing the progress of underground work conducted by
Atlas Fausett Contracting has been added to the "Media" section of
the Unico website at www.unicomining.com./news/othermedia.php.
Atlas Fausett Contracting, a division of Atlas Mining Company
(www.atlasmining.com), is contracted to conduct initial underground maintenance
work including the replacement of timber sets, clean up of the main haulage way
and installation of ground support where needed. Atlas Fausett Contracting
provides a variety of services, including site evaluation, feasibility studies,
trouble-shooting and consultation prior to the undertaking of exploration and
mine development. AFC projects include all types of underground mine
development, rehabilitation and specialized civil construction.
Since initiating the mine maintenance work and reopening of the PTH Tunnel that
is expected to pave the way for future underground mining activities at the
Deer Trail Mine, Atlas has removed over three hundred feet of old timber that
was being used for ground support within the first 2400 feet of the Deer
Trail PTH Tunnel. Pictures in the new photo gallery show the removal of old
timbers and the clearing of debris from the mine. The support timber was
replaced to ensure structural integrity for underground mining activities at
the mine, and the new timbers are shown in several gallery photographs.
The mine timbers that have been removed have been replaced with forty-six sets
of timber that were placed on six-foot centers. In conjunction with the
timbering work, Atlas has installed over 105 Jenmar rock bolts and 47 nine-foot
steel support mats. The rock bolts and support mats can be seen in the new
photo gallery. An additional 200 rock bolts are expected to be installed and 4
sets of timber replaced. Once this work is complete, rehabilitation work on the
3400 East stope can begin.
Engineering work is planned for the rehabilitation of the 6600 raise, which
will be used to interlock the main PTH Tunnel with the upper Deer Trail #3
haulage tunnel. This will allow the company to gain access to the 8600 workings
in the PTH Tunnel by providing a second escape route to the surface as required
by the Mine Safety and Health (MSHA). The 8600 area was the last location to be
mined which included shipments to outside mills during the period of 1970
through 1983.
Atlas' work is expected to bring the 3400 East stope in compliance with MSHA
standards. The 3400 East area was previously mined for silver, gold, lead and
zinc. The development waste generated from the rehabilitation of the 3400 East
stope is expected to provide immediate feed for the mill and processing
facility at the Deer Trail Mine, in addition to the material from the upper
dump area, which has been screened and is prepared for processing.
"The continued progress shown in the new photo gallery demonstrates the
effectiveness of our relationship with Atlas Mining, and we look forward to
their ongoing work, which is expected to pave the way for future underground
mining activity at the Deer Trail Mine," commented Mark A. Lopez, chief
executive officer of Unico, Inc. "We hope that our shareholders are
pleased to see the continued progress of the rehabilitation and maintenance
work at the site, and support our efforts to develop additional sources of feed
material for the mill and processing facility at the Deer Trail Mine."
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 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 Atlas Mining Company
Atlas Mining Company is a diversified natural resource company with a focus on
the development of the Dragon Mine halloysite clay deposit in Juab County,
Utah. Atlas also operates the Atlas Fausett Contracting Division, an
underground mining and drilling contracting business. More information about
Atlas Mining Company can be found at http://www.atlasmining.com.
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
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.