Rehabilitation
work on the main PTH tunnel is now complete
SAN DIEGO, CA--(MARKET WIRE)--Feb. 26, 2008--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that Atlas Fausett Contracting, with which the company's wholly owned
Deer Trail Mining Company subsidiary contracted for underground mine maintenance
work including portal and stope rehabilitation, has completed rehabilitation
work up through to the 3400 level of the PTH tunnel of the Deer Trail Mine in
Marysvale, Utah.
Atlas Fausett Contracting, a division of Atlas Mining Company
(www.atlasmining.com), was contracted by Unico's wholly owned subsidiary, Deer
Trail Mining Company, 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, so the main PTH haulage tunnel is
brought into compliance with Mine Safety and Health Administration (MSHA)
regulations.
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. Atlas projects include all
types of underground mine development, rehabilitation and specialized civil
construction.
The work conducted by Atlas Fausett Contracting consisted of the following: 1)
removal and replace all unstable timber sets in the first 3,400 feet; 2) repair
of all steel tracks including replacement of track ties, spikes, and fish
plates, where required; 3) installation of two hundred feet of 2" pipe
that will be used to provide water for future mining activities; 4) repair of
the mine emergency communication system; 5) repairs to the main air lines that
power the underground mine equipment.
The main focus of the rehabilitation work was concentrated within the first
3,400 feet of the Deer Trail PTH haulage tunnel and on replacing old timber. Several
tons of unstable rock resting on top of the timber sets and rotted timber was
also removed and hauled outside of the mine.
Work is currently being planned for future mine headings by the Deer Trail
support staff, including planned 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
MSHA.
"We are pleased to report the completion of the underground rehabilitation
work in the first 3,400 feet of the PTH tunnel by Atlas Mining in preparation
for future underground mining activities at the site," stated Mark A.
Lopez, chief executive officer of Unico, Inc. "We look forward to further
progress of underground work and exploration as part of our overall plan to
develop the Deer Trail property."
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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
.