Unico, Inc. Announces Installation of Key Equipment as Part of Reconstruction of Mill and Processing Facility at the Deer Trail Mine - December 4, 2006 - 9:01 AM EST
Unico, Incorporated - (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced additional progress on reconstruction at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
Work on the ball mill is complete, with the installation of new rubber ball mill liners by representatives from Weir Minerals North America Rubber Engineering (www.weirminerals.com).
Millwright Jean Duvall, who was contracted to inspect the ball mill and supervise improvements, has completed his work at the site but will return to supervise any additional adjustments that may be made once the ball mill has started operating.
Several critical pieces of equipment in the mill's floatation circuit have been installed in the main mill building.
The reconditioned Gallagher float cells have been installed above the ball mill.
The Gallagher cells will be primary float cells for the lead and silver circuit.
The Denver float cells, which work as cleaner cells to make the lead/silver concentrate a higher grade, have also been installed in the main mill building.
Conditioner tanks, which are also part of the floatation circuit, have been moved into the mill building and installed.
A new photo gallery showing the newly installed equipment will be added to the Unico website within the next several days.
"We are pleased to have completed the placement of this floatation circuit equipment, including the engineering on the ball mill itself, which brings us closer to beginning processing operations at the facility," commented Mark A. Lopez, chief executive officer of Unico, Inc.
"With construction of the mill and related buildings at the site essentially complete and the installation of key pieces of equipment progressing well, we look forward to finishing the remaining work so that revenues can be established from processing operations at the facility."
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
Unico, Inc. (OTCBB: UCOI) 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 recently announced agreements to acquire over 70 additional mining claims. For more information, please visit
This news release may contain forward-looking statements--- ---are included on certain forms the company files with the Securities and Exchange Commission.
Source: Market Wire (December 4, 2006 - 9:01 AM EST)
RE: Chart looking very good, company makin head way, how's the dilution going?
Last report - UNICO INC /AZ/ - 10QSB/A (Filed: 24-10-2006) Reverse Stock Split Effective August 11, 2006, the Company’s common stock underwent a 1 for 100 reverse stock split. As a result, the number of outstanding shares of the Company’s common stock as of August 11, 2006 decreased from approximately 4,954,096,450 pre-reverse split shares to 49,540,965 post-reverse split shares. Share figures appearing in this report are generally expressed in numbers of post-reverse split shares, unless otherwise noted. As of August 31, 2006, the Company had 79,752,799 shares of common stock issued and outstanding with 4,899,197,201 shares authorized but unissued. IMO.
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