Ben Bernanke testifies before - the US Senate Banking Committee -
Fed chairman Ben Bernanke needs to keep an eye on inflation US central bankers have held the country's key interest rate at 5.25%, breaking a two-year cycle of rate hikes introduced to slow a rampant economy.
Ps. Silver - is a strategic war metal - good excuse to use - ex. if they want to confiscate - your ETF or your priv. Gold & Silver bars - coins holdings etc.
Unico, Inc. Announces Deer Trail Mining Company Agreement to Acquire 70 Additional Utah Mining Claims Covering 1,500 Acres -
Unico, Inc. Announces Deer Trail Mining Company Agreement to Acquire 70 Additional Utah Mining Claims Covering 1,500 Acres - Thursday September 21, 9:19 am ET SAN DIEGO, CA--(MARKET WIRE)--Sep 21, 2006 --
Unico, Incorporated - (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that wholly- owned subsidiary Deer Trail Mining Company, Inc. has signed an agreement to acquire 70 additional mining claims covering 1,500 acres in Piute County Utah for the purpose of conducting exploration, evaluation, and mining activities, including pre-production feasibility studies and underground mining of the present workings.
The mining claims acquired include the following: Golden Chalice, Silver Chalice, New Oraverde, Turquoise, La Phill, J & N, Gold King, T, Blackspot, T & S, Comeback and Johnson - old mining properties -
One area of 50 claims is located south of the Deer Trail Mine, and another area of 20 claims is located on the south-facing slope of Beaver Creek Canyon northwest of the Deer Trail property.
These claims are all located on United States Department of Agriculture (USDA) Forest Service and/or Bureau of Land Management (BLM) administered land.
Unico issued the following information on the claims:
Geological Area:
The claims cover approximately 1,500 acres along a prevailing northwest to southeast structural and seritically altered trend. This trend includes the Annie Laurie/Sevier Mines to the north and the Deer Trail, Bully Boy, Clyde, Wedge, and Gold Hill Mines - in the central and southern extensions.
The area is covered by Bullion Canyon Volcanics that have been fractured and filled with quartz-carbonate veins, vein quartz and adularia with minor amounts of iron and copper staining.
Some areas are highly fractured forming zones of quartz stock work veins.
History / Past Production:
The area bears many similarities to the Gold Mountain area or Annie Laurie Mine mineralization, which produced over 140,000 ounces of gold from quartz-carbonate, quartz and quartz adularia veins.
The origin of these veins is derived from ascending hot water springs associated with underlying intrusive masses.
The southern claims were drilled in the 1980s with a series of shallow holes by American Nickel to test the extent of several northwest striking mineralized structures at the contact of the Bullion Canyon Volcanics and the Tushar Fault.
The reverse circulation drilling of 24 holes clearly established that quartz veins were highly anomalous in Gold -
The underlying sediments have not been tested which could contain deposits similar to the Deer Trail deposit at depth and of the Annie Laurie nearer the surface.
On the Golden Chalice claims, the workings include, but are not restricted to, a tunnel and shaft and large pit showing high-grade silver values, as well as many pits and exposures of other gold and silver prospects with some samples measuring in the hundreds of ounces per ton in silver and several ounces per ton in gold.
High-grade gold showings also are known to exist on the Turquoise claims, originally named for a widespread copper-stained area in a large porphyry stock.
The north block of claims prospects yielding samples containing as high as 80 to 90 ounces per ton in silver and several ounces in gold have recently been discovered but have not been assessed in detail.
Several of the claims have been noted to host significant bodies of fluorite with erratic gold and silver values, plus very significant uranium.
Western Nuclear conducted appreciable exploration on these claims in the 1960s but allowed the claims to lapse when the price of uranium collapsed.
Under terms of the agreement with the leaseholders, Deer Trail Mining Company will hold the leased premises for the purpose of exploring, evaluating and mining all kinds of minerals and ores for a period of approximately three years from the September 20, 2006 effective date of the lease agreement.
The Deer Trail Mining Company has the right to extend the term of the agreement for up to fifty consecutive additional one year periods by giving the lease holder written notice of the Deer Trail Mining Company's election to extend on or before August 1st of each year.
Deer Trail Mining Company is granted the right to purchase all interests of the mining claims during the first five years for a total purchase price of $350,000.
Deer Trail Mining Company may also exercise the option to purchase at any time thereafter during any extension period. After the fifth year, the purchase price will be increased by $50,000 per year for each year thereafter.
The Deer Trail Mining Company has paid seven thousand dollars to the lessor to execute the agreement, which constitutes the rental payment for the first year and has agreed to pay additional payments of $7,000 each year on the anniversary date of the agreement.
If the Deer Trail elects to extend its agreement for additional terms, the rental payment will increase to $10,000 for the fourth and fifth years.
For each extension beyond the fifth year, the annual payment shall increase by 10% per year over the amount of the prior year's payment.
In consideration for the rights given under the agreement, the Deer Trail Mining Company agreed to pay the lease holder an amount equal to three percent of the gross sales proceeds from all ore, concentrates, and all other productions of mineral resources extracted from the mining claims.
"We are pleased to add these 70 additional mining claims to our subsidiary mining operations in Utah, which are clearly in an area with significant potential from both a historical and geological perspective," stated Mark A. Lopez, chief executive officer of Unico, Inc. "As with the two previous claims we agreed to acquire in recent weeks, the proximity of these claims to the Deer Trail property expands the company's presence in the area and allows us to utilize our resources at multiple claims without significant logistical difficulties.
Unico plans to operate in this area over a long period and the upcoming completion of construction at the mill and processing facility located at the Deer Trail Mine will further solidify our position."
"Unico will continue to target additional favorable acquisition opportunities as they present themselves, with the goal of building the company into a major natural resource and mining operation," added Mr. Lopez.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at - http://www.unicomining.com/IR/mailinglist.php.
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. For more information, please visit http://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---- 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 for Unico, Inc. A. Beyer 951-587-8072 Email Contact http://www.unicomining.com
SILVER used to be worth - more than GOLD - history often repeat itself -
Do not let any volatility shake You out - the more volatility the higher it will go -
the new trend waves will often be - Fibonacci - 162% of the previous correction -
when the anti-US hands exhaust themselves - we'll see the next waves up -
In a very real sence, games can go on for ST - The question here is; Can the circus thru "fiat paper wealth" go on a bit more? -
History has shown that they end suddenly! - with great puzzlement as to the loss of all importance - without wealth the end result -
Silver will always be part of "The Real Gold & Silver Money" - Some defend a fraud system with that, "its far too small a market for large, modern economies" -
Well, its only to put a higher fair value on the Silver money - it used to be worth $800/oz 500 years ago -
SILVER Chart TA LT - Strong Bullrun Long Overdue -
take the inflasion into the picture and Silver maybe worth - a fair market value $80,000/oz sooner or later? -
Silver will do far better than any fiat fraud paper asset - it will serve better as a "personal holding" and as the major Real Money when its valued to its fair market value -
If it is of your way to balance wealth, then Silver will show the LT Real value -
Metals have not shown their true worth for many years as the world has done very well with manipulations of fiat fraud paper money -
But, all things do change! -
As it is our time and place to live this change - our thoughts must view the future as it must be! -
Who can know the minds of men and countries - as the 666 fiat paper burns? -
In our present system - all fiat currencies are backed by the US$ -
as long as the US$ is on an "oil standard" of backing - no other country can change -
the BIS would destroy their economy in a second of storm -
Many think that a country may sell or cut it's CB/US debt backing at will! -
They cannot? - they will not! - Oil will not accept another system? - as long as the Oil/Gold bond works? -
the world currency system is somewhat in a counterfeited owg order? -
If a crisis erupts and Gold breaks the bond with oil - then a change must take place! -
We will no doubt see a mass run of CBs into Gold - at ANY price! - this we know! - as for now - each person must protect your worth -
as the nation/state is locked from change? - You still may have a little bit of some time -
The nss illegal short selling of UCOI is creating very good buy opportunities -
still the nss naked short sellers are all criminals - following link give some suggestions what you can do to help get the criminals arrested -
Unless the United States gets all of its economic house in order ? -
Gold will become the basic real money again - (which Gold has been for 1000's of years) and national currencies will only be money - if backed by - Gold.
Silver Prices Must Go Up, and You - can make a Fortune in Silver -
Est. 1864 -
Silver Prices must go Up, and You can make a Fortune in Silver -
Paper money is now a total fraud, and has no Gold backing, none whatsoever.
The U.S. gold has not been audited since the 1960's, and may no longer even exist.
If it does, the "official" U.S. Gold hoard of 261 million ounces can back up the currency with one ounce of Gold for every $40,000 dollars in the U.S. - domestic banking system.
There has been less than 5 billion ounces of Gold mined - in all of human history, worth about $3 trillion dollars.
But there is about $50 trillion of paper money in the world, and about $50 trillion of debt.
So, Gold should go up in value at least 10-15 times, or more.
Gold is money, because of its fundamental nature; it is a great store of value; it's liquid, portable, rare, a luxury item, lasting, durable, divisible, recognizable, verifiable, and can't be counterfeited.
Silver is like Gold, but better, because Silver is being - used up by industry.
More Silver is used up by industry, jewelry and photography than is mined every year.
Silver demand may not decrease with higher prices, because Silver jewelry can become more fashionable as prices rise. And in most industrial applications, Silver is a tiny percentage cost of the overall product.
Further, as Silver prices rise, investment demand will increase, as it's hard to beat 30% gains every year, as Silver has been doing since 2003.
Silver can protect you from rises in gas prices! Oil is now about $60/barrel, but Silver is only about $11/oz.
In 1980, oil peaked at $43/barrel, and Silver peaked at $50/oz.! And in 2000, oil bottomed at $10 barrel, and Silver bottomed at $5/oz.
Peak oil experts say that there is only about a 40-year supply of oil left in the ground, but there is only about 14 years supply of silver reserves in the ground!
Silver’s the better investment.
As Silver and oil prices return to historic ratios, Silver prices will rise to about $30-$70/oz, up from $11/oz. today, and if oil moves even higher, Silver will move higher with it!
If Silver could be counterfeited, our copper clad coins would look a lot more like Silver than they do. Silver coins are easily recognized by anyone who has ever held one, and felt the difference in weight.
Silver is so rare today that many of the best experts say that there is barely 300 million ounces of Silver in refined, deliverable form.
With 300 million people in the U.S., then if you have even one single ounce of Silver, then you may have “more than your fair share”, and are either an evil, greedy, capitalist pig, or a wise steward - of your own wealth.
A day’s wage over 100 years ago used to be up to a Silver dollar, or as little as a Silver dime.
You can buy those same Silver dollars today for much less - Get some FMNJ - By Jason
Keep in mind -
Silver - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
Gold - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction - 4 more LT Bull waves to Go -
(Elliott Wave 5-wave Elliott Pattern)
FMNJ - Cerro Rico - The world largest and richest Silver Mine - is also very rich in Zinc metal -
The world need Zinc - to Produce More Soon - or Zinc - Prices to the Moon -
The use of Zinc is widespread, and its demand - has increased significantly over the past 30 years -
A steady 4% annual increase in consumption has replaced - the historic norm of 2% -
As countries - like China and India continue to expand, creating huge new demand for raw materials, the price of Zinc is likely to continue climbing -
The 5 year price of Zinc showing the price to have nearly doubled since January of 2003 -
Yet, even after this doubling - it is still only 4 cents above the average Zinc price - for the past 40 years - a price which has moved as high as $1.70 -
a level which might soon be approached once again - 40 year Zinc Chart -
Zinc's primary use is in the galvanizing process of steel -
The largest markets for galvanized steel - are the housing and automobile industries -
As the commercial and residential construction sector - continues to grow due to the modernization of peoples - all over the world - the increasing demand - for Zinc is a matter of fact -
Zinc is found in microwave and cellular towers - steel beams, studs, floor joints, trusses - and galvanized electric circuits.
Die cast Zinc parts are found in automobiles - computers, tools and all types of appliances -
As an alloy of lead, copper, tin, lead, aluminum - or magnesium, zinc also plays a role in the electrical - and consumer product industries -
But that's not all folks, Zinc is also used - in manufacturing of batteries, rubber goods - cosmetics, chemicals, and pharmaceuticals -
Furthermore, since Zinc is an essential nutrient - for all living things, it is often - used in vitamin supplements, animal feed - and fertilizers -
But what would all this demand mean for the future - of Franklin Mining if it weren't for the lack of supply? - 14 year Zinc Inventory Levels -
International demands - has recently forecast that 2.5 million tons of new annual - Zinc mine production must be attained - by the year 2007 in order to fill in - the supply/demand gap -
Because few of the large zinc mines are at this moment - committed to production due to the low market price of Zinc - it is highly unlikely that this demand will be met in time -
It takes 10-15 years for newly discovered Zinc deposits - to reach the production stage - and very few discoveries have been made - in the past 10 years -
Of those few who have the possibility of becoming - producers by 2010 - higher Zinc prices are required to speed up the process - since it will confirm the bull market - satisfy feasibility requirements - and allow for a much easier financing - of the capital intensive mines -
Currently the LME Zinc inventory - is about 540,000 tons - down about 250,000 tons since its peak - in April of 2004 -
If inventory levels continue to decline - the price must increase - to curb the excess demand -
The chart of LME warehouse levels for Zinc -
Do to this outstanding technical data - it may happen that before Franklin Mining Company - ever begins mining their mines - or perhaps while in the midst of it - that we will be sought out - and bought out by a large mining company - desiring to expand to it's own capacity -
In such a case - it can only be speculated what the share price offered - would be - But based upon the earlier value calculations - a conservative estimate would lie between $1 - 5 a share? -
I do not think it is likely FMNJ will sell all of its properties rights -
A more likely outcome would be a Joint Venture - in mining operations if it proves hard for FMNJ - to raise the capital necessary for the start up of the old richest mines -
If Zinc prices continue to rise - I do not see this as any problem -
I believe that if the old Franklin - desires to carry on the project themselves - and that it is committed to do - so as far as it is possible -
The *** Silver Bonus *** -
Some past production records however - showed plenty of levels as high as 100s of ounces of Silver per tonne! - In the end, only time will tell whether in a few years - FMNJ stock price will have ascended back up - well beyond $5/share -
or have long since been bought out for a similar price -
Wisdom is indeed proved right by her children - and the Franklin management team - has done an outstanding job of putting things in order -
The right place at the right time -
Note - remember -
*** Opportunities always look bigger going than coming *** Gold - Copper - Tin - Nickel - rare strategic mineral bonuses etc. -
FMNJ - Zinc - LME warehouse stocks have plummeted - nearly 50% in six months yet prices have remained - relatively flat since April -
Zinc is one of the the most undervalued metal - on the market right now.
That means the metal's position today offers - investors a great low-risk opportunity to take - advantage of the continuing commodity bull metal market - a FMNJ refresh -
Franklin Mine NEWS Cerro Rico Silver 33 Mil. Ounces - Fourth Vein Shows Potential Silver Reserves - Ag Over 11 Million Silver Ounces - Repeat FMNJ N/R -
Franklin Mining Announces Cerro Rico Holds Over 33 Million - Ounces of Silver, Fourth Vein Shows Potential Reserves - of Over 11 Million - Tuesday August 1, 7:30 am ET LAS VEGAS, NV--(MARKET WIRE)--Aug 1, 2006 --
Franklin Mining, Inc. - (Other OTC:FMNJ.PK - News) - is pleased to announce today the significant value estimated - by the COMIBOL reports on the Cerro Rico Mine reserves.
It is believed to hold over 33 million ounces of silver.
San Pedro Cerro Rico Mine - (the fourth vein) reserves are projected to be over 11 million ounces of silver.
The results were provided by the combined reports from COMIBOL (Bolivia's national mining company).
According to the COMIBOL prospective reserve reports - San Pedro is believed to contain approximately - 11,937,569 tons of ore - 208,320 kilos of silver - and 62,496 metric tons of zinc - roughly 7,346,196 ounces of silver - and 137,741,184 pounds of zinc.
This partnership encompasses the four veins of - the famous Cerro Rico de Potosi Mine - (San Miguel, San Pedro, Mesapata and Alkco Barreno).
The Cerro Rico Mine - (located southeast of the city of Potosi, Bolivia) - under COMIBOL's ownership, is considered - the world's largest silver deposit - and one of the most popular tourist attractions in Bolivia.
The four veins are projected to hold over 5.5 million metric tons of ore.
The combined estimated reserves are about - 938,130 kgs of Silver - 250,004 tons of zinc and over 72,377 tons of tin - yielding approximately 33,018,564 ounces of silver - 550,784,040 lbs of zinc - and 159,518,908 lbs of tin.
"The Cerro Rico history's most fabulous silver strike - changed Bolivia's social fabric 450 years ago.
Now, thanks to modern mining, it may do so again.
Legend has it that enough metal was extracted - from the deposit to build a bridge of silver - from South America to Europe.
'It is an impressive amount of mineral wealth,' Roland Jordan Pozo, secretary general of Bolivia's association of medium-sized miners, said.
'Industry officials say the deposit could vault - Bolivia back into the vanguard of global silver production.'"
To receive Franklin Mining news by e-mail - please send contact information to - info@franklinmining.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, incl. --- --in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining Inc.
The Cerro Rico Mine - is considered by many to be the richest Silver Mine - in the world.
Rich in Zinc and Silver - it has been actively mined since the 1500's and is in operation today -
Cerro Rico is owned by Bolivia's national mining company, COMIBOL.
About COMIBOL:
COMIBOL is the government owned mining company - in Bolivia.
COMIBOL owns the CERRO RICO Mines - as well as many other properties - and mineral rights in Bolivia.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: ----These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining Inc.
Contact:
Contact: Franklin Mining, Inc. Andrew Austin 1-702-386-5379
Source: Franklin Mining, Inc.
winifred, great move - catch it before it fly away -
Silver will always be part of "The Real Gold & Silver Money" - Some defend a fraud system with that, "its far too small a market for large, modern economies" -
Well, its only to put a higher fair value on the Silver money - it used to be worth $800/oz 500 years ago -
take the inflasion into the picture and Silver maybe worth - a fair market value $80,000/oz sooner or later? -
Silver will do far better than any fiat fraud paper asset - it will serve better as a "personal holding" and as the major Real Money when its valued to its fair market value -
If it is of your way to balance wealth, then Silver will show the LT Real value -
Metals have not shown their true worth for many years as the world has done very well with manipulations of fiat fraud paper money schemes -
This is very good some say - outside of ex. FMNJ Potosi -
But, all things do change! -
As it is our time and place to live this change - our thoughts must view the future as it must be! -
Who can know the minds of men and countries - as the 666 fiat paper burns? -
In our present system - all fiat currencies are backed by the US$ -
as long as the US$ is on an "oil standard" of backing - no other country can change -
the BIS would destroy their economy in a second of storm -
Many think that a country may sell or cut it's CB/US debt backing at will! -
They cannot? - they will not! - Oil will not accept another system? - as long as the Oil/Gold bond works? -
the world currency system is somewhat in a counterfeited owg order? -
If a crisis erupts and Gold breaks the bond with oil - then a change must take place! -
We will no doubt see a mass run of CBs into Gold - at ANY price! - this we know! - as for now - each person must protect your worth -
as the nation/state is locked from change? - You still may have a little bit of some time -
FMNJ - need an 'every day Update' on the - Silver Companies > Market cap's (updated?) -
Unless the United States gets all of its economic house in order ? -
Gold will become the basic real money again - (which Gold has been for 1000's of years) and national currencies will only be money - if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers - rob, plunder and to make slaves - of most the people -
The Bolivian miners welcome FMNJ - Mission Statement - with open arms - To Make Money for the family - for community programs to help with social situations - such as health care and care for homeless children - To Be Socially Responsible -
Thanks for your participations - Brgds Bob God Bless
Your best bet to find Gold - its were it found before -
Roxmark Gold $636.00/oz +$1.80 per ounce - Roxmark to be new Goldcorp copycat -
Roxmark Mines Ltd (RMKL) AlphaTrade.com Last 0.21 Change 0.01 % Change 5.00% Time 10:43:45 Bid 0.20 Bid Size 20000 Ask 0.21 Ask Size 21000 Day Low 0.20 Day High 0.21 Open 0.21 Prev Close 0.20 Volume 99,000 10D Ave Vol 142,990
The Volume 99,000 - 10D Ave Vol 142,990 - signal $.30 soon - its not much left to get - its a start - the richest Gold Mines in Canada firesale bargain -
RE: northernbass - $15...one can only wish - MARKET BY ORDER -
take in to account - the modern mining goes down to 25000' deepth the old great rich Canadian mines - only confirm - that much greater treasure will be found deeper down - just like Red Lake - who all said was outmined - before a wildcat drill was placed at the deepest workings - and confirmed the grade was double as rich further down - the deeper Gold go - the richer the Gold ore -
also take in to account - that the fiat$paper will be worthless soon with more hyperinflasion and ludicros printing madness gov. nuthouses - if you get a loaf of bread for a million fiat$? - when the real gov. dept get to be known - you will be lucky -
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