Replies to post #3856 on UNICO INCORPORATED (AZ) (fka UNCO)

[GOLDENBOLLOX]

To Docy Market on Unico

I found this report on Friday while scanning the utah website.

The report was written in 1997, 4 years before Unico acquired the Bromide claims.

The source for this article is www.utah.gov and is a portion of the "Mineral Activity in Utah report" for 1997. The article is relevant for a number of reasons.

1) The high grade ore reported.

2) MCW Industries of Grand Junction, Colorado do not seem to exist anymore (MCW is planning to build a 150 st/hour (136 mt/hour) recovery plant) and I can find no permits for MCW.


From 1997

The Henry Mountains mining district is being explored for both lode and
placer gold by several companies. For the past several years, Kaibab Industries
has been evaluating the hard-rock gold potential in the Bromide Basin on the
east side of Mount Ellen, and producing modest amounts of ore from four mines.
Production has come from the underground Bromide and Crescent Creek
mines, and from the Henrietta and South Basin open-pit mines. About 5,200 st
(4,700 mt) of ore have been mined and processed during the past three years,
but most was relatively high grade, reportedly averaging 0.2 ounces/ton (6.9
g/mt) gold from the open pit mines and from 0.6 to nearly 2.0 ounces/ton (20.6
to 68.6 g/mt) gold from the underground mines. The ore is present in quartz
fissure veins, silicified breccias in Tertiary diorite intrusive rocks, and is associated
with pyrite, chalcopyrite, and magnetite. To the east of the lode deposits, MCW
Industries of Grand Junction has consolidated the placer properties along and
adjacent to Crescent Creek and acquired three state leases. Detrital gold is
present in both the stream-channel gravels and in Quaternary fanglomerate
and pediment gravels. MCW is planning to build a 150 st/hour (136 mt/hour)
recovery plant to process the placer gravels. An estimated 2.5 million st (2.3
million mt) of gold-bearing gravel are present along and adjacent to Crescent
Creek averaging $4.00/yard3 ($5.23/m3) in gravity-recoverable gold. MCW and
Kiabab Industries are planning to jointly build a mill to process the lode ore from
Bromide Basin. In addition, several other companies are exploring for both lode
and placer gold on the western and southern sides of Mount Ellen