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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.
Fire it up RD...
And while your at it, sick godzilla on the bashers.
(Unico won't need godzillas help for very long.)
She is going to fly... soon. imo
Goldy, Why bother with the 3 jokers from RB?
They are only here to raise doubts as to UCOI's credibility.
As Swayne and common sense tells us... In a very short period of time we will all know if Unico is a worthwhile investment.
I believe it is...
I personally do not want to waste any more time reading their posts or anyone's responses to them.
The UCOI board over at RB is pathetic and virtually "dead" because after awhile theses guys become nauseating.
I like the comradery here and whether we make alot, a little, or nada, I am enjoying the experience.
Go Ray, Mark, and co...
Hilander, forwarded this to IR... Great post.
The Piranha... aka Mike
We already have, Hilander, we already have... lol
Hilander, You have done a great job!!!
As far as Goldenbollox is concerned... I taught him everything I know...
Is that a good thing?
Anyway, don't stop posting, I'm enjoying what you have to say.
Swayne... You are the man!!! Even if you are from Montana.
Hey guys, what about me? eom
Hilander,
I hope you don't mind, but I forwarded your post to Unico...
By the way... I'm BAAAAAAACK!
Hilander,
I have found that laughter is the best medicine...
And I am laughing my butt off over this whole thing...
MERRY CHRISTMAS!!!
Here is a list of the bashers laughing at admin matt at RB...
and he is clueless...
Oh well, time to move on then... now I'm even starting to sound British...
DERBENSKI
Tim_Hall
amarketgod
badjack10000
badjack9999
blyoung1
chaz4320
csimo
fraudeagle
friendlygeo
jjpopeyejj
king_kong35
littlejim99
old104
redman84750
ronning999
skys39
soupesails
telekinetic3
BOYS... the UCOI stockhouse board is ready to be brought back to life...
Just ak BigJ... aka fish777
Let's go...
from the stockhouse board...
OK, BIGJ... Let's do it... Time to liven the Stockhouse board up!
What do ya say Goldy, and gang... "F" these bashers!
And I mean that in the kindest way...
Uh-oh Bigj, who are the little puzzies going to tell now...
They remind me of little children... I'm going to tell my mommy... what a bunch of fairy's...
A new nick-name for the bashers... we'll call them "Mary's".
Somebody who is still legal to post, ask Swayne how much fun we had with the "catman", and we never got any heat for it...
Sent this to Bob Zumbrunnen...
I think works with admin matt... anyway it's not right what they did to you...
Hi Bob,
I've been here for over 3 years I believe and have brought others on board and I think ihub is great.
You have only heard from me 3 times before this and the last 2 times were in regard to the UCOI board.
It will most likely fall by the wayside or into the basher's hands.
I don't really care about myself, but Goldenbollox, myself and fish 777 were banned by admin matt without warning and for posting light hearted post's as we wait for more news regarding UCOI.
If you look at the history of the board, it took off around May, June of this year when Goldenbollox and I joined.
I didn't even know him at the time, but he and his friends and I gave this thing mouth to mouth and watched it grow... and now, our reward is to be banned without warning?
C'mon you guys, your better than that. At the very least, reinstate Goldebollox... as an assistant moderator, he has done an excellent job.
Yours Truly,
Mike and the PIranhas2...thebone!
GOLDENBOLLOX,
It's not ok. You deserve better, and I hope everyone who appreciates you and all the hard work you've done will post their sentiments to admin matt...
As for me... go on... save yourself... I'll be ok...
See, now that would be "levity"... please don't ban me... please...
Communism has taken over the UCOI board...
"Special update"... admin matt has banned Goldy, piranhas2 and fish 777 from posting on the UCOI board.
Apparently he didn't like the sparodic levity or the disdain of bashers.
Or it may be possible that he was polluted by bashers.
Anyway, we didn't even get a warning... is there a complaint department?
Seems to be an extreme abuse of power and especially for Goldy as he has put so much time into helping people on this board.
admin matt is way out of line... he should have at least given us a warning...
Oh the injustice of it all.
Mike
p.s. What really gets me is that it seems to be ok for bashing idiots to slime boards, but just let a few of us have some fun here and there to lighten things up... and WAM!!!
admin matt... you are doing exactly what they want, and if they are allowed to continue, the UCOI board will end up like the RB board... a cess-pool.
UCOI up 87% in the last 7 trading days.
UCOI up 87% in the last 7 trading days...
Something smells fishy...
Must be English fish and dips...
That would be Goldy and Fish-boy.
HD, I think this run is in character with the progress of the mill.
Alot of people have been and are watching closely.
A friend of mine is waiting for the "real" money to start pouring in, and then he is going to "follow the money".
Who has a roman nose?
UCOI is up 71% in the last 7 trading days...
UCOI is up 62% in the past 7 trading days...
Is this the trend we've been waiting for?
Like someone once said... when this puppy runs, it's going to run hard, it's going to fast, and it's going to run long.
Kind of sounds like an Italian thing...
It's "ALIVE"!!!
I told Goldy a couple of months ago that UCOI would be trading somewhere between 3 and 7 bucks a share by June 07.
But don't tell anyone...
We had a jr oil stock which we held for 2 years and it went from .50 per to $2.09 in 4-6 weeks.
Unico is a far better play than that... by a LONG shot.
We watched one penny stock we had that ran 2+ points in a little less than 2 hours. Talk about wetting your pants!
Unico is just beginning to stretch her wings as investors are starting to buy the rumors...
All of this of course is just my humble opinion.
I am laughing so hard... I don't have a repy.
"God save the Queen..."
And every country England lost... which is, ... well, every counrty...
Don't get offended, I'm Italian, and ... well, at one point, we too we ruled the known world... and since then have been reduced to a "boot".
But we still won the World Cup... HA!
Welcome back Goldy!
Now, let's all find our places on this board...
Everyone here post long messages with lot's of numbers and information...
I on the otherhand will decipher said messages into meaningless banter improving moral and mental stability...
If that's even remotely possible...
GO AMERICA!!!
Fish... I'll be right back... Goldy's brain transplant didn't take... To the luuve...
I didn't know you had such a big head!
YES!!! Cells from Goldy's brain...
No wonder my dad called me shid for brains...
Post 2323 is the sum contents between Goldy's ears...
He looks like he needs to be spanked...
A private post sent to someone in the ihub hiarchy...
Hi Bob,
My name is_ _ _ _ _ _ _ (pirhanas2thebone) and i sent you an e-mail regarding the UCOI board and the moderator NYBob.
It was in regards to what I "thought" was excess censorship...
I have since changed my mind as I realize that there are some from the UCOI Raging Bull Board (bashers who have attempted to ruin that board) that have tried to infiltrate here.
Two of them are Ronnings999 and Cismo. If left unchecked these guys will ruin this board as well.
NYBob became a little over-zealous at first but has now balanced things out. He is looking out for the welfare of those of us that post and is doing a good job.
If you have the time go to the RB UCOI board and you will see what I mean. Cismo's post are nothing more than jumbled lies and twisted truths with no value to them whatsoever.
He owns no shares and and as far as I can tell, is in need of psychiatric help.
Thank you for your time.
Mike
Piranhas and ALL: I checked out the petition and signed it. It's very relavant to everyone here on this board, and those who trade in all stock exchanges. Please refer to the bottom of the Ibox on the UCOI board to view the petition to the SEC, regarding shorting and failure to delivers.
-JoChef
I knew a guy who had 3...eom
2,607 total signatures overall to date...
Thanks, we appreciate it...eom
Stock lobster... go to the UCOI board and sign the petition.
Hey Goldy, Is that the new athletic supporter European soccer players are wearing?
I spoke with IR today and I asked about the electrical sub-station...
Andrew told me that the completion of the sub-station is not necessary to begin processing at the Deer Trail, as they have alternative sources of power and can begin operations as soon as the mill is completed.
Screening of material has been ongoing and last week during the bad weather, they were able to work indoors and complete various projects.
From what I understand, there simply isn't that much more to be done to finsh the upgrades to the mill.
I spoke with IR today and I asked about the electrical sub-station...
Andrew told me that the completion of the sub-station is not necessary to begin processing at the Deer Trail, as they have alternative sources of power and can begin operations as soon as the mill is completed.
Screening of material has been ongoing and last week during the bad weather, they were able to work indoors and complete various projects.
From what I understand, there simply isn't that much more to be done to finsh the upgrades to the mill.
GO-UNICO...