Unico, Inc.
Announces Additional Reconstruction Work at the Mill and Processing Facility at
the Deer Trail Mine Including Relocation of Laboratory Buildings
Issued Monday October 22, 9:09 am ET
SAN DIEGO, CA--(MARKET WIRE)--Oct. 22, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced additional progress of reconstruction work at the mill and processing
facility at the Deer Trail Mine in Marysvale, Utah, including completion of the
relocation of the onsite laboratory and reconnection of power to the laboratory
buildings.
A new photo gallery showing the reconstruction work is expected to be added to
the Media section Unico website, http://www.unicomining.com, in the next
several days.
The onsite laboratory buildings were moved from the mine site to the area of
the mill buildings to help increase the efficiency of the mill operations and
improve logistics at the site. Concrete walkways and stairways were poured to
connect the laboratory to the main mill buildings. Power was reconnected to the
relocated laboratory buildings and work in the buildings has resumed.
The DC motors and DC speed controllers, which operate the belts that feed the
ore into the mill, have been installed and the belts have been tested. The
frequency drives, which run the transfer belts that feed the fine ore bins,
have been installed and tested.
The ball mill feed belts have been powered up, and the feed belt scale is being
calibrated. The ball mill gear lubricating system, manufactured by
Farval Lubrication Systems (http://www.farval.com/) is expected to come online
this week.
The reconstruction of the mill and processing facility is being undertaken so
that Unico's wholly owned mining subsidiary, Deer Trail Mining Company, Inc.
can begin processing operations at the site. Above-ground stockpiles of
material at the site is the immediate target of processing operations as
additional future planned mining operations at the Deer Trail Mine are
strategized.
"By relocating the onsite laboratory to the area of the mill buildings at
the Deer Trail Mine, we expect to improve the logistics at the site, including
the lab work and testing of feed material for the mill and processing facility
currently being conducted under the supervision of our senior metallurgist,
Edgar Blanco," stated Mark A. Lopez, chief executive officer of Unico.
"We are pleased that the laboratory relocation is complete and that power
has been reestablished to the buildings. We look forward to completion of the
remaining reconstruction work at the site so that processing operations can be
initiated at the mill and processing facility."
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
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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
.