Issued Friday February 27, 10:03 am ET
SAN DIEGO, CA--(MARKET WIRE)--Feb. 27, 2009--Unico,
Incorporated (OTC BB: UNCO), a natural resource company in the precious metals
mining sector, today announced that Ray C. Brown, chairman of the company?s
Board of Directors, has filed a Form 4 Statement of Change in Beneficial
Ownership of Securities with the Securities and Exchange Commission reporting a
acquisition of common stock on February 24, 2009.
The Form 4, which was filed on February 25, 2009, reports that Mr. Brown
acquired 1,906,525 shares of common stock at a price of $0.004. The
acquisition brings the total number of common shares that Mr. Brown owns to
2,795,110. The filing can be viewed through by clicking the appropriate
link at http://www.unicomining.com./IR/investorrelations.php.
?I am pleased to have the opportunity to increase my common stock position in Unico at this time,? stated Mr. Brown. ?Recent events
at the Deer Trail Mine, including the opportunities presented by the tellurium
content as well the alternative methods for the recovery of gold and silver
from the recently produced concentrates at the site, have only added to my
confidence in the future potential of the company. I look forward to
observing the next steps in the development of the Deer Trail project and will
consider further additions to my common stock position as additional milestones
are achieved.?
Unico recently announced that due to the continued
strength in gold and silver markets, Unico?s wholly
owned Deer Trail Mining Company subsidiary has explored different leaching
technologies for the recovery of gold and silver from the company?s recently
produced concentrates at the Deer Trail mill facility. Several tests have
been conducted in the Deer Trail metallurgical facility, and samples of the
concentrate were also sent to an outside laboratory for leachablity
test work. The results of the testing suggested that as much as 91% of
the gold and 88% of the silver contained in the concentrate may be extractable
within the first two hours of agitated leaching. The sample used in this test
work represents an average of our concentrate product produced thus far in the
floatation circuit at the Deer Trail Mill Facility. The procedure was
conducted by fire assay and yielded 0.43 oz/ton gold (Au) and 71 oz/ton silver
(Ag).
The company also recently reported the presence of tellurium, an extremely rare
element which is used in a variety of applications, at the Deer Trail
Mine. Unico is currently exploring all
available commercial opportunities for the tellurium content.
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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