UNICO INCORPORATED (AZ) (fka UNCO)

 WELCOME TO UNICO INC.

Unico Inc., traded on the Over-the-Counter Bulletin Board market under the symbol 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 subsidiary mine properties, including the Deer Trail Mine, the Silver Bell Mine and the Clyde and Crown Point claims.

The Deer Trail Mine, located in Marysvale, Utah has been the subject of two recent exploratory drilling programs, a reverse circulation drill program in 2004 and a diamond core drilling program in 2005. Unico has received approval of a Large-Scale Mining Operations and Reclamation Plan, giving the Company the ability to expand to a large mining operation and execute its long-term plan at the Deer Trail Mine.

A key element of this plan is the operation of the mill and processing facility at the Deer Trail site to establish a revenue center for the Company from activities at the facility. The Company intends to process current stockpiles of precious metal bearing ore and sell the concentrates to generate revenue in the near term. Initiating mining activities at the Silver Bell Mine and additional subsidiary mine properties are included in the Company's comprehensive strategy to bring value to Unico's shareholders

 

Properties:

HISTORY OF THE DEER TRAIL CLAIMS...

Effective June 1, 1992, UNICO, Inc., entered into a ten-year "Mining Lease option to Purchase," with Deer Trail Development Corporation, Dallas, Texas. {now Crown Mines, LLC} 27 patented claims (505 acres), 6 patented mill sites (30 acres), and 137 un-patented claims (2,740 acres), located in the Deer Trail Mountain-Alunite Ridge mining area in the Marysvale volcanic field of west-central Utah, near Marysvale, Utah, about 165 miles south-southwest of Salt Lake City.

On Nov. 26, 2001, UNICO Inc. announced the completion of a new 30 month lease agreement with Crown Mines of Dallas, Texas, for the continued operation of the Deer Trail Mine in Marysvale, Utah. Under the new lease, beginning December 1, 2001, UNICO may operate the Deer Trail Mine until May 29, 2004. At any point during the lease, UNICO may purchase the Deer Trail Mine for $4,000,000 and pay Crown Mines a 3% net smelter royalty.

These "Deer Trail Claims" total 3,275 acres, or 5.12 square miles, and include workings known as the Deer Trail Mine, the PTH Tunnel and the Carisa and Lucky Boy Mines. The PTH Tunnel penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver. The timbered and ventilated tunnels include more than two miles of track for ore cars accessed through a covered entrance structure. On-site are ore cars, battery operated engines, an engine storage and charging house, an electric power substation, a miners' locker room, a compressor building, and a general office, lab, core-sampling and housing facility. Both rail terminals and roadways are easily accessed year around and water is accessible to the site.

The initial Deer Trail claim dates to 1870, and mining activity was almost continuous from the turn-of-the-century to 1981. By as early as about 1911, an estimated $17 million in ore had been hauled from the mine at a time when gold was only $20 an ounce. Companies such as Arundel Mining (the mining instrument of a member of the du Pont family), Phelps Dodge, Marysvale Mining and Noranda have done work there. Arundel, for example, explored at the 3,300-foot-point of the PTH Tunnel and subsequently drove it forward beyond the 10,000-foot-mark. Ore occurrences at the 3,300- and 4,300-foot-areas presaged a significant mining operation in the 8,000-foot-area. Arundel shipped several million dollars of ore containing gold, silver, lead, zinc, copper and cadmium. All such mining operations were ceased in 1981 due to lack of mill and smelter recipients.

Phelps Dodge, and later Noranda, believed the Deer Trail/PTH geology was indicative of a major ore occurrence of molybdenum and copper. For several years, in excess of $250,000 per year was budgeted by them for further exploration and drilling.

The available structural and mineralogical data suggest, according to the United States Department of the Interior U.S. Geological Survey Open-file Report 78-314, that the Deer Trail mountain-Alunite Ridge mining area is centered above a 14-million-year-old epizonal stock that caused the local doming of this area. During emplacement, a dome with a radical fracture pattern formed and, with continued movement, the south side of the dome was uplifted as a trap door. A highly acidic wet-stream environment developed above the stock and the fractures were filled with vein-type alunite; the adjacent rocks were replaced by mixtures of alunite and kaolinite. Economic mineral deposits are also zoned around a barren, sulfate-dominated core at Alunite Ridge, surrounded by a doughnut-shaped ring of epithermal base- and precious-metal veins, and finally by base- and precious-metal mantos containing some uranium.

 GEOLOGY...

The Deer Trail 8600 area orebody consists of a group of individual mantos that flank a north-westerly trending, steeply dipping vein called the Red Fissure. Individual mantos are strata-bound, attaining a thickness of as much as 10 feet. The manto ore is typically thickest at its intersection with the Red Fissure. Some of the thicker manto orebodies (206 stope) split at their margins into several tongues, that in turn wedge out. As seen in at least two localities (202 raise and 206 raise), where a large vertical section is exposed, several mantos are bi-laterally symmetrical about the Red Fissure. In various stopes of this area, at least 15 different mineralized beds have been exposed in the loser 120 feet of the 300 foot thick Toroweap Formation. There is a tendency for individual orebodies to replace successively higher beds in the section westward along the trend of the Red Fissure.

Reserves and resources of UNICO Inc: Deer Trail Mine

Historic or estimated resource : 287420
Unit : oz
In Situ Value: 313 977 608 US$

http://www.24hgold.com/english/projectcompany.aspx?id=15533556E6680&market=UNCO.OB

http://www.24hgold.com/english/project.aspx?id=6523702E6680

Multimedia :: Photos and Video

Recent Photo Galleries

Additional Equipment Installed for the Processing of Gold and Silver at the Deer Trail Mine Shipment of 21 Tons of Concentrate 7-20-09 Additional Equipment Shipped to the Deer Trail Mine - July 2009 One Ton Shipment to Royal Mines And Minerals Corp. Production of Concentrate at the Deer Trail Mill Facility

See the complete photo archive

Recent Videos

Thickener Water Test (Part 1) Thickener Water Test (Part 2) Flotation Cells (Part 1) Flotation Cells (Part 2) Flotation Cells (Part 3) Flotation Cells (Part 4) Flotation Cells (Part 5) Flotation Cells (Part 6) Testing of the Ball Mill: 3-12-08 (1 of 2) Testing of the Ball Mill: 3-12-08 (2 of 2) Testing of the Feed Conveyor Belts: 3-12-08 See the complete video archive

Other Properties:

http://www.unicomining.com/investments/deer1.php

SILVER BELL MINE CLAIMS

CLYDE AND CROWN POINT CLAIMS

  SEC Filing

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001110737&owner=exclude&count=40

Authorized - 5,000,000,000 As of Jan 12 2010

Outstanding - 2,801,858,976 As of Feb 22 2010

http://ih.advfn.com/p.php?pid=nmona&cb=1267498194&article=41679599&symbol=NB%5EUNCO

Insider Transactions / Major Holders : http://finance.yahoo.com/q/it?s=UNCO.OB

UNCO Stock Quote: Unico Inc. (OTC BB: UNCO) A Natural Resource Company     Press Releases Recent Press Releases 01/27/2010 - Unico, Inc. Announces the Creation of New Board Committees to Take the Company in New Directions 01/14/2010 - Unico, Inc. Announces Formation of Audit Committee to Enhance Independent Oversight of the Company's Financial Affairs 12/23/2009 - Unico, Inc. Releases December Edition of Shareholder Newsletter with Year-In-Review Feature 12/17/2009 - Unico, Inc. Announces Changes to the CompanyÂ’s Board of Directors 11/27/2009 - Unico, Inc. Posts Notice on Proposed Settlement of Derivative Action on Corporate Website     WELCOME TO UNICO INC. Unico Inc., traded on the Over-the-Counter Bulletin Board market under the symbol 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 subsidiary mine properties, including the Deer Trail Mine, the Silver Bell Mine and the Clyde and Crown Point claims. The Deer Trail Mine, located in Marysvale, Utah has been the subject of two recent exploratory drilling programs, a reverse circulation drill program in 2004 and a diamond core drilling program in 2005. Unico has received approval of a Large-Scale Mining Operations and Reclamation Plan, giving the Company the ability to expand to a large mining operation and execute its long-term plan at the Deer Trail Mine. A key element of this plan is the operation of the mill and processing facility at the Deer Trail site to establish a revenue center for the Company from activities at the facility. The Company intends to process current stockpiles of precious metal bearing ore and sell the concentrates to generate revenue in the near term. Initiating mining activities at the Silver Bell Mine and additional subsidiary mine properties are included in the Company's comprehensive strategy to bring value to Unico's shareholders. Shareholders who are interested in receiving information directly from the Company when new press releases, SEC filings or other information is disclosed, please go to our Mailing List and enter the requested information. Click here to see pictures of Unico’s subsidiary mine properties, including reconstruction of the mill and processing facility and recent exploratory drill programs.   To view the Notice of Pendency and Settlement of Derivative Action in the case of Sullivan, et al v. Brown, et al, click here. To view the Summary Notice, click here.         .

 

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