Press
Release
Unico, Inc. Announces Further Reconstruction Work at
the Mill and Processing Facility at the Deer Trail Mine
Issued Thursday October 11, 9:18 am ET
SAN DIEGO, CA--(MARKET WIRE)--Oct. 11, 2007--Unico,
Incorporated (OTC BB: UCOI), a natural resource company in the precious metals
mining sector, today announced further progress of reconstruction work at the
mill and processing facility at the Deer Trail Mine in Marysvale,
Utah.
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 vacuum pumps used for the Eimco filter have been installed as have the
filtrate tanks used to collect the wastewater from the Eimco filter. All piping
required to operate the filter and vacuums are in
place and prepared for their final electrical connections.
The piping that will carry the tailings to the thickener has been installed
along with all of the piping that will carry the recycled water throughout the
mill.
The fine ore feed conveyors have had new belting and rollers installed, and a
test a run is scheduled in the next several days.
The onsite laboratory is being 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. The concrete walkways that will be used to connect the
laboratory to the mill buildings are currently being poured.
The DC motors and DC speed controllers, which operate the belts that feed the
ore into the mill, have been delivered and are currently being installed.
Ongoing electrical connections inside the mill building are being made daily,
and electrical equipment is being tested as it comes online.
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.
"We are pleased to report this additional progress of reconstruction work
at the mill and processing facility at the Deer Trail Mine," stated Mark
A. Lopez, chief executive officer of Unico. "With the power supply through
the new electrical substation now available, we look forward to completing the
final electrical connections, motor installations, and wiring work, so testing
inside the facility can begin."
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
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. 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
.