Unico, Inc. Announces In-House Evaluation of
Historical Data Regarding Tellurium Levels at the Deer Trail Mine
Issued Tuesday February 17, 9:20 am ET
SAN DIEGO, CA--(MARKET WIRE)--Feb. 17, 2009--Unico,
Incorporated (OTC BB: UNCO), a natural resource company in the precious metals
mining sector, today announced that, in the wake of recent interest in
tellurium (Te) content at the company?s Deer Trail Mine in Marysvale,
Utah, the company has conducted in-house evaluation of geochemical data from a
previous underground exploration program at the mine. Additional test
work is expected to be conducted on methods for the extraction of tellurium
directly from the concentrates for marketing directly to end users.
Unico recently announced interest expressed in the
levels of tellurium, an extremely rare element, discovered at the Deer Trail
Mine. Tellurium, which is used in metal alloys and as a semi-conductor,
has experienced increased demand in recent years in applications including
optical discs, memory chips and solar panels.
The geochemical and assay data analyzed was from an exploration program
conducted from 1981-1983 and included eight diamond drill holes in the Lower
(New) Deer Trail Mine.
The investigation of the previous geochemical and assay data included
conversion of logs to the stratigraphic framework
developed by Behre Dolbear
in 2007 for the Pennsylvanian Callville Formation
that hosts the mine. Behre Dolbear
was contracted by Unico to perform geological
analysis and evaluation at the Deer Trail Mine using both historical data and
data gathered from a 2005 underground diamond core drilling program conducted
at the mine.
Deer Trail?s study of the 1981-1983 drill hole data indicates that seven
intervals ranging from 2.0 to 3.3
feet thick (uncorrected) exceed 100 ppm
(parts per million) tellurium. Four of the preceding are
associated with stratabound base and precious metal
intercepts and range from 120 to 500 ppm Te over
intervals of 2.0 to 3.3
feet (uncorrected). Additionally, a 6.0 foot intercept in the
Wet Fissure, which is a low-grade discordant feeder structure, exceeded the
2,000 ppm limits of detection for tellurium.
?The initial analysis of historical information from the Deer Trail Mine
indicates that additional geological study and assay work is warranted,? said Mark
A. Lopez, chief executive officer of Unico,
Inc. ?As we continue our study of the tellurium potential at the
Deer Trail Mine through in-house and independent resources, we will also
explore all potential commercial applications for its uses.?
The presence of tellurium at the Deer Trail Mine has been discovered during
comprehensive analysis of concentrates at the Deer Trail mill and processing
facility. Unico has announced the production of
concentrates at the Deer Trail mill, and photo galleries showing activities at
the facility can be viewed at the Unico website,
www.unicomining.com.
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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.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
investors@unicomining.com