Press
Release
Unico, Inc. Announces Recent Geological Work Conducted at the Deer Trail Mine
Issued Thursday November 29, 9:21 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov. 29, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that additional geological work is underway at the Deer Trail Mine in
Marysvale, Utah.
The company has issued the following update on the recent geological work
conducted at the Deer Trail Mine, which states:
"During the last 4 months, the objective of geologic work has been review
of the previous database, familiarization with the structural and stratigraphic
controls on mineralization, with the main focus being assembling an up-to-date
database incorporating previous work, the recent Behre Dolbear study and ongoing
sampling in the 3100-3400 area of the mine, particularly mineralized veins and
mantos which occur at or above the PTH level that might provide mill feed at
the lowest cost in the near future.
Prior to August, 2007, there were no assay plans or sections incorporating
systematic chip channel sampling, drill hole intercepts, etc. on file on the
property, the basic tools for graphically constructing ore reserve estimates. In
addition, there are no systematic, usable figures for mineable widths or cutoff
grades for various metal price scenarios. A program has been initiated to
sample (in places possibly resample) all exposed mineralization in the
3100-3400 area with sufficient density to form the basis for an ore reserve
estimate in the future. This includes careful sampling over measured widths,
and sampling of adjacent low grade or waste to determine diluted grades and
mineable widths. Some additional splitting and sampling of drill core has also
been performed.
All samples are being sent to ALS Chemex in Vancouver, British Columbia for
gold (Au), silver (Ag), lead (Pb), copper (Cu), and zinc (Zn) analyses, as well
as a multi-element package for pathfinders that provide additional exploration
tools, particularly in regard to the relationship between veins (feeders) and
mantos in the Deer Trail deposits. The ultimate goal is to have a complete set
of assay plans and cross-sections at 50 feet (or less) intervals through the
3100-3400 area that will prove or disprove ore continuity and grade. To
supplement this work, a close in longholing program is being designed to test
for projected mineralization to the west and southwest of the 3100 area that
might be explored and developed rapidly by drifting, if warranted.
Such a program is standard operating procedure, a fundamental part of any mine
database. A similar program will need to be initiated for mineralization below
the PTH level in this same area, and ultimately, for the entire mine, including
the 8600 area. For the time being, all analyses will be performed by ALS
Chemex, with all pulps being saved for later checking using in-house
facilities, as part of a QC-QA program initiation."
"Continued geological work is an important aspect of the company's
activities as we plan for future underground mining activities at the Deer
Trail Mine," said Mark Lopez, chief executive officer of Unico, Inc. "We
are pleased to have received this update on the initial geological study that
has been conducted at the Deer Trail Mine and look forward to additional
information regarding the property, including geological reports and assays, as
it is developed."
In August 2007, Unico announced that it had 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
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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. In August 2007, 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
.