Press Release
Unico, Inc. Announces Additional Progress of Reconstruction Work and Equipment
Testing at the Mill and Processing Facility at the Deer Trail Mine
Issued Thursday November 15, 9:11 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov. 15, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced additional progress of reconstruction work and equipment testing 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 of the Unico website, http://www.unicomining.com, in the next
several days.
The new WEG Electric (http://www.wegelectric.com/) 250-horsepower motor that
was purchased to replace the motor previously installed on the ball mill has
been delivered and installed in the mill. The efficiency rating of the new
motor is 94.7% compared to that of the old motor, which was rated at 79%,
allowing the overall cost of operating the mill to be drastically reduced.
The new Mitsubishi variable frequency drive (VFD) that was located and
purchased to replace the General Electric synchronous motor controller is now
installed. The new variable frequency drive will allow Deer Trail Mining
Company's metallurgist Edgar Blanco to adjust the speed of the mill to help
optimize the rate of which each ore can be ground. A dramatic power savings is
expected by installing the variable frequency drive, as it adjusts the outgoing
frequency and voltage during starting and stopping of the ball mill.
The Mitsubishi variable frequency drive is fully computer integrated, allowing
all of the perimeters including horsepower, amperage and revolutions per minute
to be monitored and adjusted at any given time from a centralized computer
located in the mill control room.
Both the motor and variable frequency drive were initially started up and
programmed by Energy Management Corporation (http://www.emcsolutions.com/) of
Salt Lake City.
Start-up testing of the ball mill with the new motor and variable frequency
drive is scheduled to begin today.
The conveyor belts leading up to the fine ore bin have been correctly timed to
operate in sequence. A test run of material up the belts is also scheduled to
begin today, which will allow for checks of the newly installed belt and
hoppers that feed into the ball mill.
A laboratory addition has been built that more than doubles the size of the
laboratory in order to meet the expanding need for onsite analysis for both
underground activities and operations at the mill facility. In addition to the
analytical work, the laboratory is being used for the preparation of samples
for start-up testing at the mill. Concrete walkways leading from the
mill to the laboratory have been completed. This will allow safe travel during
the winter months for the laboratory personal while they are sampling and
making adjustments in the mill.
The metal exterior of the mill buildings have now been completely coated with
textured elastomeric paint to protect the exterior of the buildings from the
elements and help to minimize future maintenance.
"We are pleased to report additional reconstruction progress including
further equipment testing at the mill and processing facility at the Deer Trail
Mine," stated Mark A. Lopez, chief executive officer of Unico, Inc.
"We look forward to completing the remaining reconstruction work,
including additional electrical connections and more testing of equipment at
the facility, so that processing operations can be initiated at the facility.
The main priority on site right now is getting the mill up and running, and we
are anxious to make that happen as soon as possible."
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 newsletters are issued and 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
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.