Ronning said and I quote from post 3077
Everyone is waiting for 'production', right?? Yeah, for the last 12+ years and $36 mil invested.
Let's try to put some of this into perspective:
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Ok lets try, this is the date of approval - a little over six years ago:
Thursday, November 4, 1999 7:00 am Eastern Time
Company Press Release
MAGALIA, Calif.(BUSINESS WIRE)..November 4, 1999
UNICO APPROVED TO RE-OPEN HISTORIC GOLD MINE AT THE DEER TRAIL MINE
UNICO, Incorporated (Arizona) OTC BB: UNCN is pleased to announce they have received the necessary approval from the Division of Oil, Gas and Mining of Utah to commence gold/silver operations at the Upper Deer Trail Gold Mine site in Marysvale, Utah. This historic mine averaged 1.38 opt gold and produced approximately 200,000 ounces of gold and 1.5 million ounces of silver in the 1920's before a fire ceased operations.
Obtaining this permit authorizes UNICO to commence re-opening the No. 2 portal into the old gold-mine tunnels and ready the underground workings for resumed production. Initial work at the gold-mine will prepare the existing gold ore in the old stopes and dumps for screening and processing. Approximately 20,000 tons of this ore, grading from 0.25-0.50 opt gold and 4-8 opt silver(screened) will be immediately processed. Once this ore is cleared, UNICO will move underground to evaluate the existing high-grade veins and to explore and develop new zones for production. Over the past months UNICO has conducted an extensive geological assessment of the Upper Deer Trail area. A review of these newly drawn structural maps has convinced UNICO's geologic staff that "there are many excellent gold-bearing targets left undeveloped by the 'old timers.' "
UNICO is presently weighing several exciting options for the future processing of ore at the Upper Deer Trail Gold Mine. The possibilities range from contracts with independent mills to the purchase and construction of on-site plants. President Ray Brown said, "We are very fortunate now to have a number of excellent opportunities which will give UNICO greater control over the economics of our gold production. We expect to decide within a few weeks as to our best direction. In the meantime, we'll be busy stockpiling our gold-ore for immediate shipment or on-site processing. We are very pleased that our hard work this year on both the Lower(lead/silver) and Upper (gold/silver) sections of the Deer Trail Mine is bearing fruit. We've definitely turned a corner and feel that good things are ahead of us now!"
UNICO Inc. a publicly traded company, stock symbol UNCN, is listed on the OTC Bulletin Board. The company is focused on its main project, the resumption of production of gold, silver, lead and zinc at the Deer Trail Mine in Marysvale, Utah. Management firmly believes this polymetalic mine has the potential to become immediately profitable and develop into a world-class ore body.
For more information contact Mr. Ray Brown at:
UNICO INC.
P.O. Box 777
Magalia, CA 95954 or Tel.-- 1-530-873-4394
Visit our webpage at: www.uncn.net
On behalf of the Board of Directors:
Ray Brown, President
Disclaimer - I am not a basher, disgruntled ex-employee, hedge fund employee etc etc. I am a regular guy who is fed up with people being scammed.
