Unico Incorporated (OTC BB: UNCN), which
focuses on the production of ores and precious metals in the U.S., today
announced that the Deer Trail Mining Company, LLC, a wholly owned Unico
subsidiary, has initiated reconstruction of the mill and processing
facility to improve both efficiency and capacity in processing operations
at the Deer Trail Mine in Marysville, Utah.
"We are focusing a great deal of our attention on the completion of the
mill and processing facility, so we can begin processing our current
stockpiles of precious metal bearing ore and sell the concentrates to
generate revenue for the company in the near term," said Unico chief
executive officer Mark A. Lopez. "Additionally, the improvements that are
being implemented as part of our current reconstruction efforts are
expected to improve the long-term performance and capacity of the
facility."
As part of Unico's program to improve the facility's efficiency and
performance, outdated equipment and parts will be replaced with
technologically superior ones to increase production and improve the bottom
line.
Unico is modifying the ball-mill from a grate-discharge to a pass-through
open-discharge mill. Jean Duvall, a millwright with over 30 years of
ball-mill experience was hired to remove the present grate, with work
commencing on March 22, 2006. Mr. Duvall will lift the ball mill and
inspect the bearings to ensure that once new liners are installed, the mill
will give many years of trouble-free service. New rubber liners will
replace the worn-out steel liners with at the ball-mill. Rubber liners
tend to last two to three times as longer than steel liners and will
provide several additional advantages, including an expected 15% reduction
of the company's electric bill and allowing the ball-mill to run much more
quietly, enhancing mill communications and the environment.
The Deer Trail Mining Company is working in conjunction with Weir Minerals
North America Rubber Engineering www.weirminerals.com, a global leader in
wear resistant linings for mining and mineral processing applications, to
fabricate the required new rubber liners for the ball-mill. Weir Minerals
has been supplied with the forms and tooling for Unico's specific
ball-mill, and final sizing and measurements are being completed to begin
fabrication.
"We are definitely back on track with our mill reconstruction project at
the Deer Trail Mine. Even in the short time period since his appointment,
the progress made under the supervision of company president Wayne Ash at
the Deer Trail mill facility is steadily ramping up toward completion in
all areas. The activity level and expansion of progress is evident
throughout the entire project. Our plan to increase the production capacity
of the mill is fast becoming a reality. We plan to end up with a more
effective way to process material and operate the mine than it ever has in
the past," commented Mr. Lopez.
"The long-term growth and development of the Deer Trail Mine Project
remains a priority for Unico. Quite simply, our main focus still remains to
develop this subsidiary into a revenue generating entity and extract the
significant value believed to exist on the property," added Mr. Lopez.
About Unico Inc.
Unico Inc. (www.uncn.com) is a publicly traded company incorporated in
Arizona that is focused on the production of ores and precious metals such
as gold, silver, lead, and zinc at its three mine properties: the Deer
Trail Mine the Bromide Basin Mine and the Silver Bell Mine.
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 for Unico, Inc.
A. Beyer
951-587-8072
Email Contact
www.uncn.com
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