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Press Release
Unico, Inc. Announces Contract with Atlas Mining Company to Rehabilitate the Deer Trail Mine and Reopen the PTH Tunnel for Underground Mining Activities
Issued Monday September 24, 9:01 am ET
SAN DIEGO, CA--(MARKET WIRE)--Sep. 24, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that its wholly owned Deer Trail Mining Company subsidiary has contracted with Atlas Fausett Contracting, a division of Atlas Mining Company, for underground mine maintenance work including portal and stope rehabilitation at the Deer Trail Mine in Marysvale, Utah. The maintenance work and reopening of the PTH Tunnel is expected to pave the way for future underground mining activities at the Deer Trail Mine.
Under terms of the agreement, the initial underground maintenance work is anticipated to include replacing timber sets where needed, clean up of the main haulage way and installation of ground support where needed.
Atlas Fausett Contracting (AFC) 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.
The PTH Tunnel at the Deer Trail Mine penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver.
"We are pleased to have entered into this agreement with Atlas Fausett Contracting to reopen the PTH Tunnel and conduct the necessary underground maintenance work at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico. "As we move forward in the development of the Deer Trail project, the work that will be conducted by Atlas Fausett Contracting is an important aspect of the preparations now being made for potential future underground mining activities at the site."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
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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 Faucett Contracting Division, an underground mining and drilling contracting business. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI." 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
abeyer@geminicommunications.us
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.
