The new agreement and work order adds several new areas - of consulting that will fall under -
Behre Dolbear's - scope of services on - the Deer Trail project.
Under these new revisions Behre Dolbear - ex. will assemble all the available data relating to - the locations, volumes, and grades of the tailings that -
Deer Trail intends to process through the Project's mill.
Based on the information available, Behre Dolbear ex. will estimate the volumes, tonnages, and grades - of those tailings and will, if needed, recommend a drilling program to better define those - tonnages and grades.
Behre Dolbear - ex. will summarize the results of the drill core logging - completed to date and correlate those results - with pertinent assays of material from those holes to determine the factors from the logging that relate to and facilitate the location - of significant mineralization.
With Deer Trail's - assistance, Behre Dolbear - ex. will assemble all the available data - (mineralization, rock types, structure, alteration, etc.) from past drilling and mining, focusing on - the 3100-3400 zone in the PTH adit -
ex. before additional drilling is done, the results of the logging, analyses, and observations by Behre Dolbear - should be combined with the data and results - from previous work to develop a three-dimensional model - of the deposit.
Development of that model will require data from surface and underground mapping, previous mining, and drilling from this and previous campaigns.
All of this data on lithologies, structures, mineralization, and alteration must be put together on maps and cross sections to build the model.
The mining operations at the Deer Trail Mine -
ex. for geological services at Unico's Deer Trail Mine - have been conducted through Unico's subsidiary, Deer Trail Mining Company, LLC ("Deer Trail Mining Company" or "DTMC") since soon after DTMC was formed in late June, 2004.
The mining operations at - The Bromide Basin Mines - have been conducted through Unico's subsidiary, Bromide Basin Mining Company, LLC - ("Bromide Basin Mining Company" or "BBMC") - since soon after BBMC was formed in late June, 2004.
Future mining operations at - The Silver Bell Mine - will be conducted through Unico's subsidiary, Silver Bell Mining Company, Inc. ("SBMC").
Deer Trail Mining Company, LLC - On March 30, 1992, Unico, Incorporated entered into a Mining Lease and Option to Purchase agreement with - Deer Trail Development Corporation, with headquarters in Dallas, Texas.
Deer Trail Development Corporation - is now known as Crown Mines, L.L.C.
The lease was to run for a period of 10 years, and cover 28 patented claims, 5 patented mill sites - and 171 unpatented claims - located approximately 5 miles South of Marysvale, Utah.
It includes mine workings known as - The Deer Trail Mine, the PTH Tunnel - and the Carisa and Lucky Boy mines.
Effective December 1, 2001, a new lease agreement was entered into between the parties covering the same property for a period of thirty (30) months. It was subsequently amended and extended through a series of amendments, with the most recent amendment, the Fifth Modification of Mining Lease and Option to Purchase being executed June 29, 2007.
It extended the lease term and option to purchase through July 12, 2007.
Unico and Crown Mines did negotiating the final sale agreement covering the sale of the Deer Trail Mine Claims. A copy of this Amendment is attached to this Form 10-QSB as Exhibit 10.78.
Unico, Inc. Announces Recording of Quitclaim Deed and Water Rights Deed to Complete Deer Trail Mine Purchase in Marysvale, Utah has been recorded with the county recorder's office in Piute County, Utah and ownership of the property has been fully conveyed from Crown Mines LLC to Unico's wholly owned subsidiary, The Deer Trail Mining Company, LLC.
With all appropriate documents executed and recorded and the purchase of the property completed, Unico is expected to book - the Deer Trail Mine property - as a $4 million asset of its future quarterly and annual financial reports.
In August 2006, Deer Trail Mining Company entered into a Mining Lease with Joel Johnson covering the Clyde, Clyde Intermediate and Crown Point claims.
These claims are located near the Deer Trail Mine. Deer Trail Mining Company has leased the claims for the purpose of conducting mine exploration, evaluation, and possible mining activities on the claims.
The Mining Lease is for two years, with options to extend the lease for 50 additional one year periods.
Under the terms of the Mining Lease, Deer Trail Mining Company paid initial down payments totaling $31,000 with $4,000 due in the second year of the lease.
If Deer Trail Mining Company - elects to extend the lease, it must pay $3,000 for the first extension year, and the annual lease extension payment increases ten percent (10%) per year thereafter.
Additionally, Deer Trail Mining Company - will pay three percent (3%) of the gross sale proceeds from the sale of any ore concentrates, or other mineral resources extracted from the claims.
In September 2006, Deer Trail Mining Company entered into a Non-Patented Mining Claims Lease covering approximately 70 additional claims covering approximately 1,500 acres in Piute County Utah for the purpose of exploration, evaluation and mining activities.
In consideration for the rights under the agreement, the Deer Trail Mining Company - agreed to pay the lease holders $7,000 per year for each of the first three years.
Deer Trail Mining Company - has the right to extend the lease for 50 additional one year periods.
If extended by Deer Trail Mining Company, the annual lease payment is $10,000 in each of years four and five, and thereafter the annual lease payment increases by ten percent (10%) per year.
In addition to the annual lease payments, Deer Trail Mining Company - has also agreed to pay an amount equal to three percent (3%) of the gross sales proceeds from all ore, concentrates, and all other productions of mineral resources extracted from the claims.
The agreement contains an option to purchase the claims exercisable at $350,000 during the five first years of the lease.
The exercise price increases $50,000 per year thereafter. It may only be exercised while the lease is effective.
Following the formation of - the Deer Trail Mining Company - in June 2004, Unico assigned all of the various assets, liabilities and operations associated with the Deer Trail Mine to Deer Trail Mining Company - which has assumed responsibility for making payments under the Deer Trail Lease.
Since June 2004 - Deer Trail Mining Company - has assumed operations, ownership and management control of - the Deer Trail Mine.
Deer Trail Mining Company - presently has 12 full time employees, 1 part time employee and - 7 consultants.
Unico worked for more than two years to reopen - The Deer Trail Mine. Unico commenced mining activities in late March or early April 2001 on the Deer Trail Mine. To date, the mining activities have been fairly limited.
There have been between 2 and 5 miners at various times working full time in the Deer Trail Mine - both on mine development work and production work until approximately October 2003.
Their efforts were concentrated in the 3400 Area of the mine, from which they removed approximately 1,000 tons of ore per month.
The ore was stock-piled and some of it has been crushed. Some of the employees have worked on mine maintenance.
Btw. Note.... it doesn't matter how good progress a company performing - it will always in all countries be - 666 bolshevikz making - rare communistic demands and negativity - all since stalin, trotsky, lenin, marxist anti Christian time.... Imo. Tia.
RE: Why does UCOI feel they need to release PR's with photo gallery on almost a daily basis, why cant they give us an est. of completion of this mine?
CoolD, made a good question - Unico, Incorporated (OTCBB: UCOI), in the precious metals mining sector, announced further progress of reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
Cool, UCOI 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 properties -
UCOI should never stop further progress of more construction work safety at the mines, mill and processing facility - at the good old Mines in Utah -
I love to see 400t/d go to 500, 600, 1000, 5000, 10000t/d etc. for the future - and please keep telling the shareholders, but I don't want to see the 666nss etc. - should be handed over to the US long law-arms auth. - to get 100yrs in jail? - ex. nice to see good development work progress - Imo. Tia. God Bless
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