UNICO Focusing on Gold Production
July 01, 2003 07:03:00 AM ET
MARYSVALE, Utah--(BUSINESS WIRE)--July 1, 2003--Unico Incorporated (Arizona) UNCN, due to the rising price of gold Unico announced it is expediting the production of gold from Bromide Basin and the Deer Trail mine. 1,000 tons of screened material from the upper Deer Trail mine dumps has been produced to date averaging 0.25 opt Au and 5 opt Ag, with 500 to 1,000 tons expected to be produced each week. Additionally, plans to economically gravity separate the gold and other valuable metals from 180,000 tons of mill tailings at the upper Deer Trail mine is under way. The average grade of the tailings is .04 opt Au and 3.5 opt Ag.
Old dumps contain about 120,000 tons of gold, silver and lead ores that can be upgraded by screening.