Press
Release
Unico, Inc. Announces Delivery of Final Components for New Substation at the
Deer Trail Mine
Issued Monday July 30, 9:00 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jul. 30, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced the delivery of the final components for the new substation at the
Deer Trail Mine in Marysvale, Utah. The new substation will supply power to the
Deer Trail Mine property, including the 1.5 megawatts of power required to
operate the mill and processing facility and an additional 1 megawatt of excess
power capacity available for future upgrades to the system, including power for
mining activities at the Deer Trail property and other Unico claims in the
area.
A new photo gallery showing the delivery of the final components for the new
substation is expected to be added to the Media section of the Unico website,
http://www.unicomining.com, in the next several days.
The components that were delivered to the Deer Trail Mine include the metering
cabinet, main switchgear, cross arms and support poles. Excavation of a trench
that will carry 12,470 volts to the secondary substation located at the mill
has been initiated. The last three concrete slabs, which hold the metering
cabinet, switchgear and small electrical transformer for area lighting, have
been poured to prepare for the installation of these components.
The primary voltage of the main transformer at the new substation is 46,000
volts and the secondary voltage of 12,470/7,200 will be sent to the mill by
direct burial cable. The 12,470 voltage will then be further reduced to the
required 480 volts required to operate the mill.
A crew from Cache Valley Electrical (http://www.cve.com/), one of the largest
electrical contractors in the western United States that has been contracted to
assist with the construction of the new substation, is scheduled to arrive on
site today to begin the final installation of the recently delivered
components.
"The delivery of the final major components for the new electrical
substation at the Deer Trail Mine is expected to pave the way for completion of
the interconnection between the existing Rocky Mountain Power substation and
the new substation," stated Mark A. Lopez, chief executive officer of
Unico, Inc. "This electrical connection with the new substation is
expected to result in significantly reduced power costs for our Deer Trail
Mining Company subsidiary. We now look forward to completing the remaining work
as soon as possible, so the company can begin its processing operations at the
Deer Trail mill facility."
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
http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate
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. 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
.