Unico, Inc. Issues August 2009 Newsletter with Review of Ore Processing
Agreement, Shipments of Ore and Additional Improvements to Deer Trail Mill
Facility
Issued Monday August 17, 9:00 am ET
SAN DIEGO, CA--(MARKET WIRE)--Aug.17, 2009--Unico, Incorporated (OTC BB: UNCO),
a natural resource company in the precious metals mining sector, today
announced the release of the August 2009 edition of the company�s investor
newsletter, which reviews an initial agreement to process ore from the
company�s Deer Trail Mine in Marysvale, Utah; the shipment of 21 tons of
material for the processing of gold and silver; and additional improvements to
the Deer Trail mill, including work that is intended to improve the overall
gold recovery at the facility.
A PDF version of the August 2009 newsletter has been added to the company�s
website at http://www.unicomining.com./news/newsletters.php, and an email
notification of the newsletter�s release will be sent to subscribers to Unico�s
electronic mailing list.
The initial agreement reported in the newsletter calls for Unico, Inc. to
deliver a minimum of 15 tons of crushed ore or concentrates per week, or
approximately 60 tons per month, to Royal Mines And Minerals Corporation, which
operates a processing facility in Phoenix, Arizona that utilizes a proprietary
technology for the lixiviation of precious metals. Under terms of the
agreement, Royal Mines will utilize the material shipped by Unico for the
processing of precious metals including, but not limited to, gold and
silver. Payment to Unico will be based on the day of deliveries Kitco
spot price (www.kitco.com) and will be made within 10 business days of
processing of materials. Unico may also, at its option, elect to receive
payment in the form of product. If so, payment will be in the form of
Dore bars, which are to contain a minimum of 99% percent precious metals.
Payment in Dore form is to be made within 30 days of processing of materials. The
one-year agreement may be
extended for an additional period of time or modified by mutual agreement of
the parties.
The newsletter also reviews the shipment of an additional 21 tons of material
from the Deer Trail Mine to Royal Mines� Phoenix facility for the processing of
gold and silver content. The shipment of 21 individual bags of sulfide
concentrate had an approximate total weight of 42,000 pounds, or 21 tons. The
21 tons of concentrate was produced from approximately 200 tons of material
taken from the 3400 area of the Deer Trail Mine.
Also highlighted in the newsletter is the reporting of additional improvements
to the Deer Trail mill facility, including work that is intended to improve the
overall gold recovery. Equipment has been added to the flotation circuit
so as to expedite filtration of concentrate at the facility and produce a
higher grade precious metals concentrate.
In the same announcement, Unico reported that results of recent testing of
oxide material from the upper Deer Trail Mine area has shown gold content in
amounts double that of the sulfide ore that was used to produce the first shipment
delivered to Royal Mines And Minerals Corporation. The unprocessed
sulfide material had a gold content of .06 oz/ton, while the oxide material had
a gold content of .15 oz/ton. Higher grade head ore material, coupled
with improved methods of processing material currently being implemented at the
Deer Trail mill facility, are expected to provide the opportunity for greater
return from mining and processing operations at the Deer Trail Mine.
�Each of the stories in this edition of our investor newsletter is directly
tied to processing operations at the Deer Trail Mine,� said Mark A. Lopez,
chief executive officer of Unico, Inc. �With our initial agreement with
Royal Mines And Minerals Corporation now in place, a major focus will be to
expedite filtration of concentrate and to produce a higher grade of precious
metals concentrate at the Deer Trail mill facility.
�We expect to have a consistent flow of information to report to shareholders
as we continue to develop our project at the Deer Trail project,� Mr. Lopez
added.
Shareholders who would like to sign up to receive information by email directly
from Unico, Inc., including when newsletters 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: UNCO) 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.
Contact:
Gemini Financial Communications, Inc.
Investor Relations
888-528-0883
investors@unicomining.com