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Unico, Inc. Announces Approval of Amendment to Commence Large
Scale Mining Operations at the Deer Trail Mine
Monday October 15, 9:05 am ET
SAN DIEGO, CA--(MARKET WIRE)--Oct 15, 2007 --
Unico, Incorporated -
(OTC BB:UCOI.OB - News), a natural resource company in
the precious metals mining sector, today announced
that it has received conditional approval of an
additional amendment to its Large-Scale Mining Plan -
to cover expansion of the mill and processing facility -
at the Deer Trail Mine in Marysville, Utah.
The State of Utah's Division of Oil, Gas and Mining
(DOGM) granted formal approval of Unico's amended
Large-Scale Mining Plan for the Deer Trail Mine
in April 2005.
DOGM completed a review of the amendment submitted
by the company in February 2007 and updated in
September 2007.
Unico's wholly owned subsidiary Deer Trail Mining Company,
LLC has added new construction elements to the existing
site plan for the mill and processing facility at
the Deer Trail Mine.
As part of its amendment to the Large-Scale Mining Plan
in February 2007, Unico submitted to DOGM additional
blueprints of the site modifications and a reclamation
surety bond estimate.
The amended Large-Scale Mining Plan allows Unico to expand
the scope of its large mining operation and execute its
long-term plan at the Deer Trail Mine.
Mining operations under the plan may include activities
conducted on the surface of the land for exploration,
development or extraction of a mineral deposit, including,
but not limited to, surface mining and the surface effects
of underground mining, on-site transportation, concentrating,
milling, evaporation and other primary processing.
Recently, the company contracted with
Atlas Fausett Contracting, a division of
Atlas Mining Company
(www.atlasmining.com), for underground mine maintenance
work including portal and stope rehabilitation at
the Deer Trail Mine.
Atlas Fausett Contracting provides a variety of services,
including site evaluation, feasibility studies,
trouble-shooting and consultation prior to the undertaking
of exploration and mine development.
AFC projects include all types of underground mine
development, rehabilitation and specialized
civil construction.
Atlas Fausett Contracting
is currently conducting initial underground maintenance
work including the replacement of timber sets, clean up
of the main haulage way and installation of ground
support where needed.
Concurrently, reconstruction of the mill and
processing facility at
the Deer Trail Mine has continued.
The new electrical substation will supply up to
2.5 megawatts of electricity to power mining and
processing activities at the site.
With the main electrical substation, the secondary
substation and all major electrical connections
completed, power is now available inside both mill
buildings at the site.
The main substation supplies the 1.5 megawatts of
power required to operate the mill and processing
facility and an additional megawatt of excess power
capacity is available for future upgrades to the
system, including power for mining activities at
the Deer Trail property and other Unico claims
in the area.
The reconstruction of the mill and processing facility
is being undertaken so that Unico's wholly owned
mining subsidiary, Deer Trail Mining Company, Inc.
can begin processing operations at the site.
Above-ground stockpiles of material at the site
is the immediate target of processing operations
as additional future planned mining operations at
the Deer Trail Mine are strategized.
Onsite metallurgical and geological work has also
been initiated at the Deer Trail Mine.
"We will continue to comply with DOGM's requirements
for permitting and posting of the required reclamation
surety as we prepare for processing operations at
the mill and processing facility and future underground
mining activities at the Deer Trail Mine," stated
Mark A. Lopez, chief executive officer of Unico.
"As operations at the site are expanded, we expect there
to be additional amendments to
the Large-Scale Mining Plan.
We are very excited about the progress made thus far and
the future of our project at
the Deer Trail Mine."
Unico recently completed the purchase of
the Deer Trail Mine for its
Deer Trail Mining Company
subsidiary.
Shareholders who would like to sign up to receive
information by email directly from
Unico, Inc.,
including when new photo galleries are posted to
the company website, are asked to visit the company's
website at
http://www.unicomining.com/IR/mailinglist.php
and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc.
(OTC BB:UCOI.OB - News) 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 also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. 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.
Contact:
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
http://www.otcfn.com/ucoi
Source: Unico, Inc.
http://biz.yahoo.com/iw/071015/0315266.html
http://investorshub.advfn.com/boards/board.asp?board_id=8334
http://investorshub.advfn.com/boards/board.asp?board_id=6582
Scale Mining Operations at the Deer Trail Mine
Monday October 15, 9:05 am ET
SAN DIEGO, CA--(MARKET WIRE)--Oct 15, 2007 --
Unico, Incorporated -
(OTC BB:UCOI.OB - News), a natural resource company in
the precious metals mining sector, today announced
that it has received conditional approval of an
additional amendment to its Large-Scale Mining Plan -
to cover expansion of the mill and processing facility -
at the Deer Trail Mine in Marysville, Utah.
The State of Utah's Division of Oil, Gas and Mining
(DOGM) granted formal approval of Unico's amended
Large-Scale Mining Plan for the Deer Trail Mine
in April 2005.
DOGM completed a review of the amendment submitted
by the company in February 2007 and updated in
September 2007.
Unico's wholly owned subsidiary Deer Trail Mining Company,
LLC has added new construction elements to the existing
site plan for the mill and processing facility at
the Deer Trail Mine.
As part of its amendment to the Large-Scale Mining Plan
in February 2007, Unico submitted to DOGM additional
blueprints of the site modifications and a reclamation
surety bond estimate.
The amended Large-Scale Mining Plan allows Unico to expand
the scope of its large mining operation and execute its
long-term plan at the Deer Trail Mine.
Mining operations under the plan may include activities
conducted on the surface of the land for exploration,
development or extraction of a mineral deposit, including,
but not limited to, surface mining and the surface effects
of underground mining, on-site transportation, concentrating,
milling, evaporation and other primary processing.
Recently, the company contracted with
Atlas Fausett Contracting, a division of
Atlas Mining Company
(www.atlasmining.com), for underground mine maintenance
work including portal and stope rehabilitation at
the Deer Trail Mine.
Atlas Fausett Contracting provides a variety of services,
including site evaluation, feasibility studies,
trouble-shooting and consultation prior to the undertaking
of exploration and mine development.
AFC projects include all types of underground mine
development, rehabilitation and specialized
civil construction.
Atlas Fausett Contracting
is currently conducting initial underground maintenance
work including the replacement of timber sets, clean up
of the main haulage way and installation of ground
support where needed.
Concurrently, reconstruction of the mill and
processing facility at
the Deer Trail Mine has continued.
The new electrical substation will supply up to
2.5 megawatts of electricity to power mining and
processing activities at the site.
With the main electrical substation, the secondary
substation and all major electrical connections
completed, power is now available inside both mill
buildings at the site.
The main substation supplies the 1.5 megawatts of
power required to operate the mill and processing
facility and an additional megawatt of excess power
capacity is available for future upgrades to the
system, including power for mining activities at
the Deer Trail property and other Unico claims
in the area.
The reconstruction of the mill and processing facility
is being undertaken so that Unico's wholly owned
mining subsidiary, Deer Trail Mining Company, Inc.
can begin processing operations at the site.
Above-ground stockpiles of material at the site
is the immediate target of processing operations
as additional future planned mining operations at
the Deer Trail Mine are strategized.
Onsite metallurgical and geological work has also
been initiated at the Deer Trail Mine.
"We will continue to comply with DOGM's requirements
for permitting and posting of the required reclamation
surety as we prepare for processing operations at
the mill and processing facility and future underground
mining activities at the Deer Trail Mine," stated
Mark A. Lopez, chief executive officer of Unico.
"As operations at the site are expanded, we expect there
to be additional amendments to
the Large-Scale Mining Plan.
We are very excited about the progress made thus far and
the future of our project at
the Deer Trail Mine."
Unico recently completed the purchase of
the Deer Trail Mine for its
Deer Trail Mining Company
subsidiary.
Shareholders who would like to sign up to receive
information by email directly from
Unico, Inc.,
including when new photo galleries are posted to
the company website, are asked to visit the company's
website at
http://www.unicomining.com/IR/mailinglist.php
and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc.
(OTC BB:UCOI.OB - News) 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 also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. 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.
Contact:
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
http://www.otcfn.com/ucoi
Source: Unico, Inc.
http://biz.yahoo.com/iw/071015/0315266.html
http://investorshub.advfn.com/boards/board.asp?board_id=8334
http://investorshub.advfn.com/boards/board.asp?board_id=6582
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