Unico,
Inc. Reports Progress of Equipment Startup Testing
Including Upgrades to the Ball Mill at the Deer Trail Mill and Processing
Facility
Issued Wednesday November 7, 9:58 am ET
SAN DIEGO, CA--(MARKET WIRE)--Nov. 7, 2007--Unico,
Incorporated (OTC BB: UCOI), a natural resource company in the precious metals
mining sector, today reported progress of the startup
testing of equipment in the mill and processing facility at the Deer Trail Mine
and replacement of the 200-horsepower synchronous motor for the ball mill.
Wiring for the ball mill in the main mill building was competed and startup testing of the ball mill was initiated.
A new WEG Electric (http://www.wegelectric.com/) 250-horsepower motor has been
purchased to replace the motor previously installed on the ball 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.
A new Mitsubishi variable frequency drive (VFD) was located and purchased to
replace the General Electric synchronous motor controller. Installation of 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 are being initially started up and
programmed by Energy Management Corporation (http://www.emcsolutions.com/)
located in Salt Lake City.
"While the replacement of the synchronous motor for the ball mill was
unanticipated before the startup testing was
initiated, the improved performance and efficiency of the new motor and
variable frequency drive are expected to provide long term benefits for
operations at the mill and processing facility at the Deer Trail Mine,"
stated Mark A. Lopez, chief executive officer of Unico,
Inc. "We will continue to make whatever upgrades are necessary to maximize
the potential of processing operations and improve the outlook for future
revenue possibilities at the Deer Trail mill facility."
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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. 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
.