In December, 2000 UNICO acquired all the outstanding shares of stock of the Silver Bell Mining Company for 3,000,000 restricted shares of UNICO common stock.
Silver Bell Mining Company, incorporated in Utah on April 26, 1993 has 29 patented mining claims and 3 patented mill-sites, covering 370 acres located in American Fork Canyon, Utah County, Utah.
The claims, which are permitted, but currently inactive are comprised of old mining properties of Tintic-type or manto/vein hosted ores that once contained 'Bonanza' grades of Silver along with Gold, Lead, Zinc and Copper -
* Estimated resource*: Gold 8,100 oz. - Silver 15.7 million oz. - Lead 22,500 tons - Zinc 54,000 tons - and Copper 15,350 tons -
The Silver Bell's 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 ore resource is estimated to contain over 450,000 tons - based on strike and dip projections - confirmed by two independent engineering firms -
The Silver Bell Mine produced over 100 tons of 100 plus OPT Silver Ore. -
The Silver Bell property was discovered in 1871 by three army officers out of Fort Douglas, Salt Lake City, Utah. They worked it mostly by leasing it out. One of the early lessees was John Chadwick out of American Fork, Utah, who worked the mine for over twenty years. Chadwick was able to mine and ship some ore , but not much was documented except for a reference, in an 1881 census report, that stated -
The Silver Bell Mine produced over 100 tons of 100 plus OPT silver ore -
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