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Press Release
Unico, Inc. Announces New Photo Gallery Showing Work Toward Completion of the Secondary Substation to Power the Mill and Processing Facility at the Deer Trail Mine
Issued Friday September 14, 9:36 am ET
Connection from Main Substation to Secondary Substation Has Been Completed
SAN DIEGO, CA--(MARKET WIRE)--Sep. 14, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today added a new photo gallery to its corporate website, www.unicomining.com, which shows additional progress of work to complete the secondary substation that will supply power to the Deer Trail mill and processing facility.
The new photo gallery showing the work to complete the secondary substation has been added to the "Media" section of the Unico website at www.unicomining.com./news/othermedia.php.
The recent electrical work at the Deer Trail Mine included the completion of the main electrical substation and the completion of the connection from the main substation to the secondary substation located adjacent to the Deer Trail mill and processing facility.
The new photo gallery shows the installation of the fencing and gates that provide protection around the secondary substation. As the fencing and gates were constructed, workers from Unico's wholly owned Deer Trail Mining Company subsidiary and electrical contractor Cache Valley Electric installed components on the secondary substation pad. Cache Valley Electric (www.cve.com), one of the largest electrical contractors in the western United States, has assisted with the work to complete the main and subsidiary substations, as well as the electrical connections at the Deer Trail Mine site.
Pictures in the gallery show the installation of the main 1200-amp breaker into the disconnect panel and high voltage wires being pulled to connect to the main secondary substation transformer.
All remaining components for the secondary substation, including the distribution panel, have been delivered and installation is expected in the next several days. Upon installation of the distribution panel, the main substation will be energized. There will be a waiting period of approximately three days before the power is sent to the secondary substation, so that the main transformer has a sufficient opportunity to warm up. A tentative date for the main substation to be energized has been established.
The main substation will supply the 1.5 megawatts of power required to operate the mill and processing facility at the Deer Trail Mine. An additional megawatt of excess power capacity is available for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area.
"As the new photo gallery shows, there continues to be significant progress toward the completion of the electrical system that will supply power to the Deer Trail Mine," said Mark A. Lopez, chief executive officer of Unico. "While the immediate focus will be to provide a sufficient supply of cost-effective power for operations at the mill and processing facility at the Deer Trail Mine, it is important to note that the excess power capacity will also allow for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area."
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
.