Unico, Inc. Announces the Appointment of Alex Scarbrough as Senior Geologist
for the Deer Trail Mining Company
Issued Friday June 13, 9:07 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jun. 13, 2008--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced the hiring of Alex Scarbrough, who possesses thirty-three years of
experience in the minerals exploration industry and a broad academic background
in geology, as senior geologist for the company�s wholly owned subsidiary, Deer
Trail Mining Company LLC. Dean Misantoni, who previously served as senior
geologist, will now act as consulting geologist for Deer Trail Mining Company.
Included in Mr. Scarbrough�s experience was his role as senior geologist for
Behre Dolbear and Company (USA), Inc., which was contracted to provide
geological services at the Deer Trail Mine in Marysvale, Utah. Mr. Scarbrough
was assigned by Behre Dolbear to conduct and supervise the logging and
splitting work on core samples taken from the underground diamond core drilling
program conducted at the Deer Trail Mine in 2005.
For the Deer Trail Mine project, Mr. Scarbrough evaluated 7,235 feet of
underground core from 13 holes drilled in carbonate-hosted manto-type
polymetallic mine for their base and precious metal potential. His primary
duties on the project included detailed geologic and geotechnical logging of
lithologies and alteration present in core, the splitting and assaying of
sporadic major and extensive minor mineralization, and the subsequent
determination of gross and detailed composite assay intervals and their
respective weight-averaged grades.
Most recently, Mr. Scarbrough served as president of Rush Creek Mining Company
in Centennial, Colorado. He was engaged by Inspiration Mining Corporation to
consult on advanced-stage drilling of nickeliferous Komatiite-hosted deposit
occurring in Achaean greenstone belt in east-central Ontario. In this role, Mr.
Scarbrough continued work begun in 2006 with Behre Dolbear and Company, Inc. on
manto-type polymetallic deposit. He completed the evaluation of drill core and
wrote a comprehensive report on relationship between stratigraphy and
mineralization to be used by client in assessing potential for future
exploration and development at mine.
As an independent consultant from 2003-2005, Mr. Scarbrough conducted work on
behalf of the Bureau of Land Management (BLM) and involved research and
compilation of undeveloped and developed metallic and non-metallic mineral
resources, existing mineral extraction operations, and projected mineral
development in Grand and San Juan Counties, Utah.
From 1997 to 2001, Mr. Scarbrough worked as a geologic contractor for the
Colorado Geological Survey, identifying, assessing, and inventorying all metallic,
non-metallic, and industrial minerals/construction materials as well as coal
resources on over 4 million acres of state-owned lands.
As an independent contractor, he also worked to identify and pursue
carbonate-hosted zinc reserves for a major fully integrated zinc company with
operating mines and refineries.
Previous to this experience, Mr. Scarbrough worked in a variety of geologist
positions, both within the company and as a consultant, for BHP Minerals
International Exploration Inc., Noranda Exploration, Inc., USMX, Inc., Westmont
Mining, Inc., Nicor Mineral Ventures, Houston International Minerals
Corporations/Tenneco Minerals, Cominco American Inc., and the Atlantic
Richfield Company.
Mr. Scarbrough graduated cum laude from Memphis State University with a
Bachelor of Science degree in Geology, followed by a Master of Science degree,
also in Geology.
�We are pleased to have Alex Scarbrough join the Deer Trail Mining Company as
senior geologist,� commented Mark A. Lopez, chief executive officer of Unico,
Inc. �He is very familiar with the Deer Trail project through experience with
BDUSA and the core logging and splitting program at the site. His contributions
are expected to play an important role in planned future underground mining
activities at the Deer Trail Mine and potentially at additional mining claims
in the area.
�Dean Misantoni will continue to work with the company as a consulting
geologist and we look forward to his ongoing contributions,� Mr. Lopez added.
Unico recently announced the completion of reconstruction and testing of the
floatation circuit at the mill and processing facility at the Deer Trail Mine.
The company expects to provide additional updates on the progress of testing at
the facility in the near term.
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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 two
mine properties: the Deer Trail Mine and the Silver Bell Mine. The company has
also announced agreements to acquire over 70 additional mining claims including
the Clyde and Crown Point 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
.