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bartermania, that is exactly what we did...
Keep up the good work buqq...
I just quoted that to Goldy yesterday...
C'mon boys... join us...
Best news yet...
http://investorscob.com/earsforum/index.php
golden08,
That is some great stuff!
Would you mind sharing that on other boards?
It's obvious you have done no research or very little on this co.
No time for this dribble at this point...
Your post "stinks" of ignorance.
For a Friday... UNICO did "EXCELLENT!"
Hey guys, I bought a large chunk (not 6mil.) and I got them at the bid... FYI
They are busy "lurking" on another board...
Back to the front lines... Tally-Ho.
Buqqq, I got your inquiry about the lawsuits. I would rather reply by e-mail as I don't have PM capabilities at this time and I would rather not give any info for the bashers to try and trash..
If you like... iag_7@msn.com
with or without hot sauce...lol
That would be Goldy's arena...
I will say this...the 70 claims are appetizers...
GO-8,
You seem to be a sincere long... Man if you were listening in on the phone conversations We've had lately...
Holding the line...
OK, GO-8, cover our rear and we'll hold down our forward postion.
lol
34 days... or less imho.
And based on ALOT of DD.
TK... 34 days... or less.
Britain's No.1 quality newspaper website Tuesday 23 January 2007
Top gold prophets call for 25-year high in 2007
By Ambrose Evans-Pritchard
Last Updated:12:30am GMT 17/01/2007
• Predictions table, from www.lbma.org.uk [pdf file]
The majority of the world's top metal experts think gold will blast through to 25-year highs this year, surpassing the brief peak reached in the speculative surge last spring.
If the roaring bull market in gold is already past its sell-by-date, nobody told the 29 prophets polled by the London Bullion Market Association in its annual forecasting contest.
Ross Norman, director of TheBullionDesk.com and winner of the last year's prize (a gold bar), said gold would reach $850 an ounce, up from the current price of $628.
"We remain manifestly bullish for gold but this is the year that is going to separate the men from the boys because the old factors of supply demand we all used to look at are no longer the real drivers," he said.
"There's a tsunami of cash hitting the market and we're moving to a new realm of crowd psychology. What matters now is what the hedge funds are doing, or the pension funds, who are adding all the time.
"The central banks of countries like Russia, China, Vietnam, and are looking for alternatives to the dollar and are gradually buying gold," he said.
Fifteen of the 29 analysts said gold would reach $750 an ounce or more this year, triple the level five years ago when the Bank of England began selling off 60pc of Britain's reserves. The average prediction for 2007 was a high of $742.
Jeffrey Christian from New York's CPM Group also picked $850, the all-time high reached in 1981 at the end of the oil and inflation shock of Carter era.
"Mine production is not increasing as rapidly as had been expected, due to bottlenecks in starting new mines and expansions. Central banks have sold much of the gold they wish to sell," he said.
Stephen Briggs, precious metals strategist at Société Générale, is a notable dissenter, warning that a recovery in the dollar could undermine gold's roles as an alternative currency and drive it back down to $500.
"Our house view is that the long US dollar bear market will essentially come to an end in 2007; and we believe that the latter stages of the commodities bull market constituted a bubble, which is in the process of deflating," he said.
Whether or not gold would "decouple" from base metals and keep rising merrily upwards in a global economic slowdown and commodity bust is a thorny subject, splitting the experts into two camps.
Rhona O'Connell, from ROC Consultancy, said gold would be an "outperformer" if fear returns to global markets. "With the continued geopolitical tension, the possibilty of a swift run towards $750 cannot be ruled out," she said.
One thing they almost all agree on: the price is going to shoot up and down as volatility makes a come-back, with an average price of $652. Perfect for traders.
All permits are approved and the transformers are ready to be shipped.
No sense shipping them until the foundation is poured, which will be next week.
From my conversations with IR and the information we have... I'm going with a "by April 10th" timeline.
But as always, do your DD...
Press Release
Unico, Inc. Plans Groundbreaking for New Electrical Substation to Supply Power to the Deer Trail Mine
Issued Wednesday March 7, 9:18 am ET
SAN DIEGO, CA--(MARKET WIRE)--Mar. 7, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that the blueprints and survey work has been completed for the new electrical substation at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah and groundbreaking at the site is planned for the week of March 12, 2007.
BNA Consulting (www.bnaconsulting.com), a major provider of electrical consulting services in Utah and surrounding states for 35 years, has completed the blueprints for the substation, which have been approved and stamped by BNA’s electrical engineer. BNA Consulting has contracted with Unico’s wholly owned subsidiary, Deer Trail Mining Company, Inc. for a broad range of engineering services related to the construction of the substation. The blueprints will be submitted to PacifiCorp, the electrical utility that operates in Utah as Rocky Mountain Power, so they will have the ability to plan for connecting the lines to the new substation.
The Deer Trail Mining Company has conducted the on-site survey for the substation site location and has sent the information to BNA for reproduction in Auto-CAD. The survey will then be submitted to Rocky Mountain Power.
With the blueprints and survey completed and submitted, the company expects to receive documentation from Rocky Mountain Power that will include the final costs for interconnection from the Rocky Mountain Power’s substation to the new Deer Trail Mining Company substation and final utility costs per kilowatt-hour.
Once ground is broken, the company will prepare the grounding circuits and concrete foundation for the substation. The main General Electric transformer, which has been prepped and is ready for shipment to the site, will then be scheduled for delivery and placement on the completed foundation.
“We are pleased to have the blueprints and survey work completed so that BNA Consulting can submit the information to Rocky Mountain Power and construction of the new substation can begin,” commented Mark A. Lopez, chief executive officer of Unico, Inc. “As we complete the final steps in the reconstruction of the mill and processing facility at the Deer Trail Mine, providing an abundant supply of cost-effective electricity to the site will be of critical importance, and we look forward to the groundbreaking for the substation scheduled for next week.”
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company’s website at http://www.unicomining.com/IR/mailinglist.php.
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 recently announced agreements to acquire over 70 additional mining claims. 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
951-587-8072
investors@unicomining.com
www.unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
Buck-0 and Goldy-08,
I'm not saying any board is "better" than any others.
I'm just giving an invite in case you ever get tired of some of the nonsense and endless "questioning."
Have a great day.
G8, Let me say this... my conversation today was "enlightening" to say the least.
You know, when you talk to someone who is ethical... you just know it.
My dad is old school... a hand shake and your word.
Not a signed contract and a lawsuit... ala T.O. (hint former 49er's receiver... former Eagles receiver... former........)
These guys are "old school" which in my opinion means, they are men of their word. IMO, these guys are the real deal and many of us will be greatly rewarded for our belief in their integrity.
Not a buy hold or sell recommendation... LOL!
Right-on Goldy2, I'm done with these clowns...
And believe me when I say APRIL 10TH!!!
All I can say is this... "news pertaining to the relevance of the purchase of the DTM is soon forthcoming"
Also a PR will be out soon showing the progress at the DT. And news regarding the purchase of the DT is forth-coming.
Trabsformers and power and off we go...
spoke with IR today... All the activity at the DT is scheduled for completion at about the same time...
I love this stuff...
Add 3 years to the 10, another 0 to the 20 tons and add a zero to the 44,000 and you have the upgraded mill figures as this was written in 2003 before they realised the incredible value to the mill the upgrade would make and add to that the increase in price for precious metals, well folks,,, we have a winner...
Unico Inc Gallery
UNICO: Producing Gold & Silver
From Historic Utah Mines
Deer Trail Mine literally a "mountain of metals"
UNICO, Inc. (OTC BB: UNCN) -- www.uncn.com -- spent 10 years refitting and developing the resource potential of its historic Deer Trail Mine, has fired up its new processing mill and is ready to produce and ship gold and silver concentrates.
Once the mill fully ramps up and can ship its 20-ton capacity, the company will earn $44,000 daily potentially adding up to more than $10-million annually.
"Shipments of our concentrates and revenues are imminent," says UNICO CEO Ray Brown. "The potential of the Deer Trail Mine is much larger than most people think. It's a remarkable resource a mountain of metals"
And the Deer Trail is not UNICO's only precious metals asset. The company either owns or leases (with options to buy) a number of other historic Utah mines that hold real promise for development of existing resources and further exploration.
Valuable Mining Properties
UNICO's Utah precious and base metals properties host an enormous resource potential based on both historic and recently updated estimates of gold, silver, copper, zinc and lead values. The company plans to concentrate its initial development efforts at the Deer Trail Mine to create a solid revenue stream to finance development of its other properties.
Historically, UNICO's Utah mining properties were significant precious metals producers. Idled for many years, the mines are far from played out.
This past spring, twenty-five geologists and mining professionals attending a Utah meeting of the Geological Society of America, visited the Deer Trail and took samples for study. The group concluded that many rich silver, gold, lead, copper and zinc manto deposits remain to be exploited.
The GSA team was excited by the possibility that a much larger feeder system may lie beneath Deer Trail Mountain and could be the source of many of the rich gold/silver and alunite mines in the historic Marysvale District. The Deer Trail mineralization system was likened to the deep copper/gold deposits at El Indio in Chile.
The alunite cap over the Deer Trail deposit is among the purest in the world, according to UNICO, and could indicate a major copper-porphyry system similar to the Tintic District, Kennecott's Bingham Canyon and the Ruth deposit near Ely, Nevada.
The Deer Trail Mine:
Estimated resource*: 287,420 oz. gold, 27.8 million oz. silver, 65,220 tons lead, and 131,610 tons zinc.
The underground mine is in a halo of gold bearing and base and precious metal manto deposits. Quartz veins contain gold, silver, and minor base metals. Particularly high grades, averaging 0.18 oz/ton gold and 20 oz/ton silver, in the 3400 area of the PTH tunnel are favorable for near-term, cost-effective production. The contained mineralized resource includes a 30,000 ton proven and probable drill-indicated block confirmed by two major mining companies in the 1980s, a projected 120,000 ton block and an inferred block of more than 1 million tons.
The 8600 area of the Deer Trail has an inferred block of 496,000 tons of massive sulfides. UNICO's chief geologist Dan Proctor says other known fissures will substantially increase the mine's potential.
Resources within the original mine workings include lower grade gold and silver mineralization. Old tailings contain 186,000 tons of recoverable ore averaging 0.04 oz/ton gold, 3.6 oz/ton silver and some lead. Old dumps contain about 120,000 tons of gold, silver and lead ores that can be upgraded by screening.
The Silver Bell Mine:
Estimated resource*: 8,100 oz. gold, 15.7 million oz. silver, 22,500 tons lead, 54,000 tons zinc and 15,350 tons copper.
The Silver Bell's potential as a high-grade silver mine was hampered historically by its high elevation. Recent exploratory work has uncovered silver-bearing ore assaying as high as 120 oz/ton. Every face in the underground mine has mineable ore. The resource is estimated to contain over 450,000 tons based on strike and dip projections, confirmed by two independent engineering firms.
"The mine is in good shape and very mineral rich, maybe the only silver mine left in the Park City district that has never been drilled or adequately explored ," says Proctor.
The Bromide Basin Mines:
Estimated resource*: 372,000 oz. gold.
The Bromide Basin includes at least four mines; the Kimble and Turner, Crescent Creek, Henrietta and the Bromide Mine an underground mine with northeasterly striking veins with breccia pipes averaging 7 oz/ton gold. The vein structure averages 2 feet in width and can be traced on surface for more than 1,800 feet with several visible, gold-enriched outcroppings.
Samples from the main Bromide vein show an average grade of 2.73 oz/ton gold, 7.86 oz/ton silver, and 21.7 percent copper. UNICO is currently mining the vein and plans to process the ore into gold concentrates at the Deer Trail Mill.
"This vein ore is very rich, approximately $1,100 a ton and will need very little prep work," says Proctor.
Proctor discovered a new high-grade gold vein at the Bromide Mine this spring. Initial assays rate the vein at 1.236 oz/ton gold and 0.75 oz/ton silver. The company is planning a drill program to establish proven tonnage prior to developing a full mining plan.
The Crescent Creek mine is adjacent to the Bromide and contains mostly oxide ore averaging over 0.25 oz/ton gold with minor copper inclusions. The underground workings are close to surface.
The Kimble and Turner Mine's underground workings are along a northeasterly striking vein with associated breccia pipes. A 4-foot wide vein extends 400+ feet and averages 2.0 oz/ton gold with some copper.
The Henrietta Mine is a mineralized exposure on surface assaying as high as 3 oz/ton gold. Although overall ore averages are lower, company officials say recoverable tonnages will be high.
*These resource estimates are not proven or probable reserves. They are based on data generated by past producers, independent exploration data and drill intercepts, geological conditions of the area, projections of known mineralized horizons and structures and in house sampling. Reserves will be announced when they have been proven up by the standards of the mining industry.
Production Mill On Stream
Proctor says UNICO focused this summer's work at the Deer Trail Mill on fine-tuning the reagents schemes to produce cleaner, higher-grade concentrates. The final touches on the mill will be completed in September with the installation of sophisticated fluid and volume metering systems. Deer Trail ore is concentrated through both gravity and flotation circuits producing a high grade Pb/Ag concentrate with appreciable gold and a clean marketable zinc concentrate. The gold ores from the Bromide Basin will produce a free milling gold product as well as a gold concentrate that will be sent to a smelting facility.
The company has arranged terms with metals brokers and smelters for the purchase of both lead/silver and gold/silver concentrates. Similar terms for zinc concentrates are pending assay results.
UNICO initially plans to deliver 20 tons of lead/silver concentrate from its Deer Trail Mine, eventually ramping up to 70+ tons a week, including 5 to 10 tons from the Bromide Basin Mines.
"Our unwavering goal has always been the profitable production of gold, silver, lead, copper and zinc concentrates in our new mill. And now we're there!" says Brown.
Investment Considerations
With its milling operation running; miners blasting in the mountain; substantial amounts of ore stockpiled; concentrates bagged pending shipment; and other promising properties poised for development, UNICO is well positioned to take advantage of a price increase in either precious or base metals.
High-level assays of current known resources are a fact. Future drilling and exploration to expand resources and prove up reserves at all UNICO mines are expected to substantially increase the company's value -- and revenues.
UNICO recently secured $550,000 in private financing through a loan from a long-term "bullish" investor. The funds will be used to supplement ore production income and accelerate ongoing development and production of its three mining properties.
"We believe we have a rare mining opportunity. We are very excited about the immediate and future prospects for all three of our mines to resume production, enhance proven reserves and explore new economic ore-bearing zones," says Brown.
UNICO Mines Steeped in Utah Mining History
It doesn't matter which of UNICO's three Utah mines you choose, each is filled with the rich and adventurous history of the early west, its explorers and its intrepid gold miners.
Gold was discovered at the Deer Trail Mine in 1878. During its mining history, apprsoximately 200,000 ounces of gold ranging from 2 to 7 oz./ton and 1.5 million ounces of silver valued at more than $30 million in today's dollars were processed. Exploration programs conducted by Phelps Dodge, Noranda and Goldfields and geologist reports in 1997 and 2002 indicate high levels of ore still remain. UNICO obtained a lease-option in 1992 (renewed in 2001).
The Silver Bell Mine, located in the Wasatch Mountains, was discovered in 1871 and produced more than 100 tons of ore graded at more than 100 oz/ton by 1881. A $250,000 feasibility study by Watts, Griffis, and McQuat commissioned in 1996 concluded the Silver Bell has "great potential". UNICO acquired 100 percent ownership of the Silver Bell in 2000.
UNICO's Bromide Basin Mines in the fabled Henry Mountains includes four major mines and a prospector's lore of a Lost Spanish Gold Mine with legendary rich deposits. The Bromide vein was discovered in 1889 or 1890, and produced about 7,500 ounces of gold in 1892. Breccia pipes assay as high as 26 oz/ton and average 7 oz/ton. UNICO leased the 400-acre mining properties in 2001 and has extracted a 2,500 ton bulk sample that will be processed and tested at the Deer Trail Mill.
Like I said Goldy-08... these guys/girls are getting nervous.
There whole life's existence (to save the ignorant masses from UNICO) is about to end...
Long live RAY BROWN!!!
Add 3 years to the 10, another 0 to the 20 tons and add a zero to the 44,000 and you have the upgraded mill figures as this was written in 2003 before they realised the incredible value to the mill the upgrade would make and add to that the increase in price for precious metals, well folks,,, we have a winner...
Unico Inc Gallery
UNICO: Producing Gold & Silver
From Historic Utah Mines
Deer Trail Mine literally a "mountain of metals"
UNICO, Inc. (OTC BB: UNCN) -- www.uncn.com -- spent 10 years refitting and developing the resource potential of its historic Deer Trail Mine, has fired up its new processing mill and is ready to produce and ship gold and silver concentrates.
Once the mill fully ramps up and can ship its 20-ton capacity, the company will earn $44,000 daily potentially adding up to more than $10-million annually.
"Shipments of our concentrates and revenues are imminent," says UNICO CEO Ray Brown. "The potential of the Deer Trail Mine is much larger than most people think. It's a remarkable resource a mountain of metals"
And the Deer Trail is not UNICO's only precious metals asset. The company either owns or leases (with options to buy) a number of other historic Utah mines that hold real promise for development of existing resources and further exploration.
Valuable Mining Properties
UNICO's Utah precious and base metals properties host an enormous resource potential based on both historic and recently updated estimates of gold, silver, copper, zinc and lead values. The company plans to concentrate its initial development efforts at the Deer Trail Mine to create a solid revenue stream to finance development of its other properties.
Historically, UNICO's Utah mining properties were significant precious metals producers. Idled for many years, the mines are far from played out.
This past spring, twenty-five geologists and mining professionals attending a Utah meeting of the Geological Society of America, visited the Deer Trail and took samples for study. The group concluded that many rich silver, gold, lead, copper and zinc manto deposits remain to be exploited.
The GSA team was excited by the possibility that a much larger feeder system may lie beneath Deer Trail Mountain and could be the source of many of the rich gold/silver and alunite mines in the historic Marysvale District. The Deer Trail mineralization system was likened to the deep copper/gold deposits at El Indio in Chile.
The alunite cap over the Deer Trail deposit is among the purest in the world, according to UNICO, and could indicate a major copper-porphyry system similar to the Tintic District, Kennecott's Bingham Canyon and the Ruth deposit near Ely, Nevada.
The Deer Trail Mine:
Estimated resource*: 287,420 oz. gold, 27.8 million oz. silver, 65,220 tons lead, and 131,610 tons zinc.
The underground mine is in a halo of gold bearing and base and precious metal manto deposits. Quartz veins contain gold, silver, and minor base metals. Particularly high grades, averaging 0.18 oz/ton gold and 20 oz/ton silver, in the 3400 area of the PTH tunnel are favorable for near-term, cost-effective production. The contained mineralized resource includes a 30,000 ton proven and probable drill-indicated block confirmed by two major mining companies in the 1980s, a projected 120,000 ton block and an inferred block of more than 1 million tons.
The 8600 area of the Deer Trail has an inferred block of 496,000 tons of massive sulfides. UNICO's chief geologist Dan Proctor says other known fissures will substantially increase the mine's potential.
Resources within the original mine workings include lower grade gold and silver mineralization. Old tailings contain 186,000 tons of recoverable ore averaging 0.04 oz/ton gold, 3.6 oz/ton silver and some lead. Old dumps contain about 120,000 tons of gold, silver and lead ores that can be upgraded by screening.
The Silver Bell Mine:
Estimated resource*: 8,100 oz. gold, 15.7 million oz. silver, 22,500 tons lead, 54,000 tons zinc and 15,350 tons copper.
The Silver Bell's potential as a high-grade silver mine was hampered historically by its high elevation. Recent exploratory work has uncovered silver-bearing ore assaying as high as 120 oz/ton. Every face in the underground mine has mineable ore. The resource is estimated to contain over 450,000 tons based on strike and dip projections, confirmed by two independent engineering firms.
"The mine is in good shape and very mineral rich, maybe the only silver mine left in the Park City district that has never been drilled or adequately explored ," says Proctor.
The Bromide Basin Mines:
Estimated resource*: 372,000 oz. gold.
The Bromide Basin includes at least four mines; the Kimble and Turner, Crescent Creek, Henrietta and the Bromide Mine an underground mine with northeasterly striking veins with breccia pipes averaging 7 oz/ton gold. The vein structure averages 2 feet in width and can be traced on surface for more than 1,800 feet with several visible, gold-enriched outcroppings.
Samples from the main Bromide vein show an average grade of 2.73 oz/ton gold, 7.86 oz/ton silver, and 21.7 percent copper. UNICO is currently mining the vein and plans to process the ore into gold concentrates at the Deer Trail Mill.
"This vein ore is very rich, approximately $1,100 a ton and will need very little prep work," says Proctor.
Proctor discovered a new high-grade gold vein at the Bromide Mine this spring. Initial assays rate the vein at 1.236 oz/ton gold and 0.75 oz/ton silver. The company is planning a drill program to establish proven tonnage prior to developing a full mining plan.
The Crescent Creek mine is adjacent to the Bromide and contains mostly oxide ore averaging over 0.25 oz/ton gold with minor copper inclusions. The underground workings are close to surface.
The Kimble and Turner Mine's underground workings are along a northeasterly striking vein with associated breccia pipes. A 4-foot wide vein extends 400+ feet and averages 2.0 oz/ton gold with some copper.
The Henrietta Mine is a mineralized exposure on surface assaying as high as 3 oz/ton gold. Although overall ore averages are lower, company officials say recoverable tonnages will be high.
*These resource estimates are not proven or probable reserves. They are based on data generated by past producers, independent exploration data and drill intercepts, geological conditions of the area, projections of known mineralized horizons and structures and in house sampling. Reserves will be announced when they have been proven up by the standards of the mining industry.
Production Mill On Stream
Proctor says UNICO focused this summer's work at the Deer Trail Mill on fine-tuning the reagents schemes to produce cleaner, higher-grade concentrates. The final touches on the mill will be completed in September with the installation of sophisticated fluid and volume metering systems. Deer Trail ore is concentrated through both gravity and flotation circuits producing a high grade Pb/Ag concentrate with appreciable gold and a clean marketable zinc concentrate. The gold ores from the Bromide Basin will produce a free milling gold product as well as a gold concentrate that will be sent to a smelting facility.
The company has arranged terms with metals brokers and smelters for the purchase of both lead/silver and gold/silver concentrates. Similar terms for zinc concentrates are pending assay results.
UNICO initially plans to deliver 20 tons of lead/silver concentrate from its Deer Trail Mine, eventually ramping up to 70+ tons a week, including 5 to 10 tons from the Bromide Basin Mines.
"Our unwavering goal has always been the profitable production of gold, silver, lead, copper and zinc concentrates in our new mill. And now we're there!" says Brown.
Investment Considerations
With its milling operation running; miners blasting in the mountain; substantial amounts of ore stockpiled; concentrates bagged pending shipment; and other promising properties poised for development, UNICO is well positioned to take advantage of a price increase in either precious or base metals.
High-level assays of current known resources are a fact. Future drilling and exploration to expand resources and prove up reserves at all UNICO mines are expected to substantially increase the company's value -- and revenues.
UNICO recently secured $550,000 in private financing through a loan from a long-term "bullish" investor. The funds will be used to supplement ore production income and accelerate ongoing development and production of its three mining properties.
"We believe we have a rare mining opportunity. We are very excited about the immediate and future prospects for all three of our mines to resume production, enhance proven reserves and explore new economic ore-bearing zones," says Brown.
UNICO Mines Steeped in Utah Mining History
It doesn't matter which of UNICO's three Utah mines you choose, each is filled with the rich and adventurous history of the early west, its explorers and its intrepid gold miners.
Gold was discovered at the Deer Trail Mine in 1878. During its mining history, apprsoximately 200,000 ounces of gold ranging from 2 to 7 oz./ton and 1.5 million ounces of silver valued at more than $30 million in today's dollars were processed. Exploration programs conducted by Phelps Dodge, Noranda and Goldfields and geologist reports in 1997 and 2002 indicate high levels of ore still remain. UNICO obtained a lease-option in 1992 (renewed in 2001).
The Silver Bell Mine, located in the Wasatch Mountains, was discovered in 1871 and produced more than 100 tons of ore graded at more than 100 oz/ton by 1881. A $250,000 feasibility study by Watts, Griffis, and McQuat commissioned in 1996 concluded the Silver Bell has "great potential". UNICO acquired 100 percent ownership of the Silver Bell in 2000.
UNICO's Bromide Basin Mines in the fabled Henry Mountains includes four major mines and a prospector's lore of a Lost Spanish Gold Mine with legendary rich deposits. The Bromide vein was discovered in 1889 or 1890, and produced about 7,500 ounces of gold in 1892. Breccia pipes assay as high as 26 oz/ton and average 7 oz/ton. UNICO leased the 400-acre mining properties in 2001 and has extracted a 2,500 ton bulk sample that will be processed and tested at the Deer Trail Mill.
Goldy-08, Obviously your post made alot of sense and was extremely positive... otherwise your post would not have been attacked.
Does this guy(s) really think they are fooling anyone... unbelievable.
Posted by: golden08
In reply to: piranhas2 who wrote msg# 4939 Date:2/24/2007 6:08:37 AM
Post #of 4949
NICE very nice. I especially like the 21% copper at bromide basin. Look at the 15,350 tons of copper at silver bell. At an average price of 3.00 that comes out to 92 million bucks. And i believe the bromide deposit to be far greater. Im telling you all right now Unico is a big copper play. As most companys mine multiple metals,the ones that mine copper with other metals are the true winners. Im a gold bull but always like to see a gold company produce copper. It seriously lowers the cost per ounce figures for producing gold. A super plus. Unico may even have the makings of an open pit operation at bromide. I think it would be quite feasable at current prices. Now get out there and do some drilling.
Add 3 years to the 10, another 0 to the 20 tons and add a zero to the 44,000 and you have the upgraded mill figures as this was written in 2003 before they realised the incredible value to the mill the upgrade would make and add to that the increase in price for precious metals, well folks,,, we have a winner...
Unico Inc Gallery
UNICO: Producing Gold & Silver
From Historic Utah Mines
Deer Trail Mine literally a "mountain of metals"
UNICO, Inc. (OTC BB: UNCN) -- www.uncn.com -- spent 10 years refitting and developing the resource potential of its historic Deer Trail Mine, has fired up its new processing mill and is ready to produce and ship gold and silver concentrates.
Once the mill fully ramps up and can ship its 20-ton capacity, the company will earn $44,000 daily potentially adding up to more than $10-million annually.
"Shipments of our concentrates and revenues are imminent," says UNICO CEO Ray Brown. "The potential of the Deer Trail Mine is much larger than most people think. It's a remarkable resource a mountain of metals"
And the Deer Trail is not UNICO's only precious metals asset. The company either owns or leases (with options to buy) a number of other historic Utah mines that hold real promise for development of existing resources and further exploration.
Valuable Mining Properties
UNICO's Utah precious and base metals properties host an enormous resource potential based on both historic and recently updated estimates of gold, silver, copper, zinc and lead values. The company plans to concentrate its initial development efforts at the Deer Trail Mine to create a solid revenue stream to finance development of its other properties.
Historically, UNICO's Utah mining properties were significant precious metals producers. Idled for many years, the mines are far from played out.
This past spring, twenty-five geologists and mining professionals attending a Utah meeting of the Geological Society of America, visited the Deer Trail and took samples for study. The group concluded that many rich silver, gold, lead, copper and zinc manto deposits remain to be exploited.
The GSA team was excited by the possibility that a much larger feeder system may lie beneath Deer Trail Mountain and could be the source of many of the rich gold/silver and alunite mines in the historic Marysvale District. The Deer Trail mineralization system was likened to the deep copper/gold deposits at El Indio in Chile.
The alunite cap over the Deer Trail deposit is among the purest in the world, according to UNICO, and could indicate a major copper-porphyry system similar to the Tintic District, Kennecott's Bingham Canyon and the Ruth deposit near Ely, Nevada.
The Deer Trail Mine:
Estimated resource*: 287,420 oz. gold, 27.8 million oz. silver, 65,220 tons lead, and 131,610 tons zinc.
The underground mine is in a halo of gold bearing and base and precious metal manto deposits. Quartz veins contain gold, silver, and minor base metals. Particularly high grades, averaging 0.18 oz/ton gold and 20 oz/ton silver, in the 3400 area of the PTH tunnel are favorable for near-term, cost-effective production. The contained mineralized resource includes a 30,000 ton proven and probable drill-indicated block confirmed by two major mining companies in the 1980s, a projected 120,000 ton block and an inferred block of more than 1 million tons.
The 8600 area of the Deer Trail has an inferred block of 496,000 tons of massive sulfides. UNICO's chief geologist Dan Proctor says other known fissures will substantially increase the mine's potential.
Resources within the original mine workings include lower grade gold and silver mineralization. Old tailings contain 186,000 tons of recoverable ore averaging 0.04 oz/ton gold, 3.6 oz/ton silver and some lead. Old dumps contain about 120,000 tons of gold, silver and lead ores that can be upgraded by screening.
The Silver Bell Mine:
Estimated resource*: 8,100 oz. gold, 15.7 million oz. silver, 22,500 tons lead, 54,000 tons zinc and 15,350 tons copper.
The Silver Bell's potential as a high-grade silver mine was hampered historically by its high elevation. Recent exploratory work has uncovered silver-bearing ore assaying as high as 120 oz/ton. Every face in the underground mine has mineable ore. The resource is estimated to contain over 450,000 tons based on strike and dip projections, confirmed by two independent engineering firms.
"The mine is in good shape and very mineral rich, maybe the only silver mine left in the Park City district that has never been drilled or adequately explored ," says Proctor.
The Bromide Basin Mines:
Estimated resource*: 372,000 oz. gold.
The Bromide Basin includes at least four mines; the Kimble and Turner, Crescent Creek, Henrietta and the Bromide Mine an underground mine with northeasterly striking veins with breccia pipes averaging 7 oz/ton gold. The vein structure averages 2 feet in width and can be traced on surface for more than 1,800 feet with several visible, gold-enriched outcroppings.
Samples from the main Bromide vein show an average grade of 2.73 oz/ton gold, 7.86 oz/ton silver, and 21.7 percent copper. UNICO is currently mining the vein and plans to process the ore into gold concentrates at the Deer Trail Mill.
"This vein ore is very rich, approximately $1,100 a ton and will need very little prep work," says Proctor.
Proctor discovered a new high-grade gold vein at the Bromide Mine this spring. Initial assays rate the vein at 1.236 oz/ton gold and 0.75 oz/ton silver. The company is planning a drill program to establish proven tonnage prior to developing a full mining plan.
The Crescent Creek mine is adjacent to the Bromide and contains mostly oxide ore averaging over 0.25 oz/ton gold with minor copper inclusions. The underground workings are close to surface.
The Kimble and Turner Mine's underground workings are along a northeasterly striking vein with associated breccia pipes. A 4-foot wide vein extends 400+ feet and averages 2.0 oz/ton gold with some copper.
The Henrietta Mine is a mineralized exposure on surface assaying as high as 3 oz/ton gold. Although overall ore averages are lower, company officials say recoverable tonnages will be high.
*These resource estimates are not proven or probable reserves. They are based on data generated by past producers, independent exploration data and drill intercepts, geological conditions of the area, projections of known mineralized horizons and structures and in house sampling. Reserves will be announced when they have been proven up by the standards of the mining industry.
Production Mill On Stream
Proctor says UNICO focused this summer's work at the Deer Trail Mill on fine-tuning the reagents schemes to produce cleaner, higher-grade concentrates. The final touches on the mill will be completed in September with the installation of sophisticated fluid and volume metering systems. Deer Trail ore is concentrated through both gravity and flotation circuits producing a high grade Pb/Ag concentrate with appreciable gold and a clean marketable zinc concentrate. The gold ores from the Bromide Basin will produce a free milling gold product as well as a gold concentrate that will be sent to a smelting facility.
The company has arranged terms with metals brokers and smelters for the purchase of both lead/silver and gold/silver concentrates. Similar terms for zinc concentrates are pending assay results.
UNICO initially plans to deliver 20 tons of lead/silver concentrate from its Deer Trail Mine, eventually ramping up to 70+ tons a week, including 5 to 10 tons from the Bromide Basin Mines.
"Our unwavering goal has always been the profitable production of gold, silver, lead, copper and zinc concentrates in our new mill. And now we're there!" says Brown.
Investment Considerations
With its milling operation running; miners blasting in the mountain; substantial amounts of ore stockpiled; concentrates bagged pending shipment; and other promising properties poised for development, UNICO is well positioned to take advantage of a price increase in either precious or base metals.
High-level assays of current known resources are a fact. Future drilling and exploration to expand resources and prove up reserves at all UNICO mines are expected to substantially increase the company's value -- and revenues.
UNICO recently secured $550,000 in private financing through a loan from a long-term "bullish" investor. The funds will be used to supplement ore production income and accelerate ongoing development and production of its three mining properties.
"We believe we have a rare mining opportunity. We are very excited about the immediate and future prospects for all three of our mines to resume production, enhance proven reserves and explore new economic ore-bearing zones," says Brown.
UNICO Mines Steeped in Utah Mining History
It doesn't matter which of UNICO's three Utah mines you choose, each is filled with the rich and adventurous history of the early west, its explorers and its intrepid gold miners.
Gold was discovered at the Deer Trail Mine in 1878. During its mining history, apprsoximately 200,000 ounces of gold ranging from 2 to 7 oz./ton and 1.5 million ounces of silver valued at more than $30 million in today's dollars were processed. Exploration programs conducted by Phelps Dodge, Noranda and Goldfields and geologist reports in 1997 and 2002 indicate high levels of ore still remain. UNICO obtained a lease-option in 1992 (renewed in 2001).
The Silver Bell Mine, located in the Wasatch Mountains, was discovered in 1871 and produced more than 100 tons of ore graded at more than 100 oz/ton by 1881. A $250,000 feasibility study by Watts, Griffis, and McQuat commissioned in 1996 concluded the Silver Bell has "great potential". UNICO acquired 100 percent ownership of the Silver Bell in 2000.
UNICO's Bromide Basin Mines in the fabled Henry Mountains includes four major mines and a prospector's lore of a Lost Spanish Gold Mine with legendary rich deposits. The Bromide vein was discovered in 1889 or 1890, and produced about 7,500 ounces of gold in 1892. Breccia pipes assay as high as 26 oz/ton and average 7 oz/ton. UNICO leased the 400-acre mining properties in 2001 and has extracted a 2,500 ton bulk sample that will be processed and tested at the Deer Trail Mill.
Just a friendly reminder... personal attacks will not be tolerated on this board.
HD, remember, it's not how long but how mad!
mises, I'm thinking that 6 months from now UNICO could easily be @ $1-3 a share depending on the mill running efficiently.
A year from now, I don't think that $7+ per share is out of the question.
2 years? Well, Goldy seemss to think, with all the metals in and on UNICO's properties, that $10-20+ is a serious consideration...
Bid = .0057 Ask = .006 @ the close
H-C, Everything is just about completed at the mill... the only real issue left is the power.
Once the sub-station is finished and the juice is there...
It will be time to rock and roll.
IMO, this will all happen before May 1st. and most likely by the middle of April.
and... don't forget, they have other properties as well as the tailings and ore on the ground.
This is going to be huge.
Not a buy, hold or sell recommendation.
Does this profile of a basher sound like someone on this board?
They use multiple identities.
They go out of their way to find bad news about the company and make a "case" out of it.
I predict that by May 1st, this will be a basher free board and those holding long postions will be very happy campers...
HD, UNICO is getting madder and madder, and getting ready to blow!!!
Those of you who have been here long enough know... "Just a little bit longer"
You can count on it...
ST1, A reverse split would have to be approved by the shareholders and cannot just happen overnight.
As far as the mill becoming operational... I can only say this... they have basically paid for everything and now it is just tieing in the power for the electrical sub-station.
Personally, I think they are already testing the mill via their generators and getting ready for the real deal.
IMO, A ton of news is coming between now and May 1st.
P.S. Did yo notice the 26,600,000 shares bought after hours @ .0063?
Somebody dumped over $160,000.00 into UNICO for some reason.
It's all good...