Unico, Inc. Announces Initial Geological Work Conducted at - Clyde and Crown Point Mines - Unico, Incorporated - (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that initial geological work has been conducted in the areas of the Clyde and Crown Point mining - claims by Dean Misantoni, senior geologist for Deer Trail Mining Company - a wholly owned subsidiary of Unico, Incorporated.
The Clyde and Crown Point - claims were subjects of a lease agreement with Deer Trail Mining Company, Inc. - that was announced in July 2006.
The report submitted by Mr. Misantoni states:
"Since August, 2007, initial geologic work has been conducted on the Clyde and Crown Point Mine areas. This includes the review of very limited previous geochemical data and maps of the area, aerial photographic examination, surface reconnaissance mapping and sampling, and Brunton and tape mapping/sampling of - accessible underground workings.
As of this date, some 20 samples have been collected and analyzed by ALS Chemex in Vancouver, British Columbia. The initial focus has been on understanding the nature of the deposit(s), establishing - the widths of mineralized structures, establishing - the geochemical signature of the mineralization - as an aid in guiding further exploration at depth, and its relationship to the mining district as a whole.
A mineralized, generally fine-grained hornblende-biotite porphyry of unknown dimensions is exposed on the surface and in underground workings on the property. It crops out over at least 500 feet in an east-west direction in the vicinity of the of the Clyde adits, and extends downhill to the south to near Cottonwood Creek Road. It was not noted in or near - the Crown Point Mine. Faulted and mineralized intrusive contacts are exposed, either within steeply dipping clastic rocks, possibly shales of the Triassic Chinle Formation, on the west, or quartzites of the Jurassic Navajo sandstone on the east.
The property lies along several large, regional faults, and the Mesozoic sedimentary rocks are jumbled and rotated to near vertical, probably due to fault rotation, and possibly in part due to the intrusion. The form of the intrusive body appears to be that of a small plug or stock, as opposed to a dike, at the present level of exposure. Hydrothermal alteration varies from moderate propylitization (chlorite, magnetite, calcite) to intense phyllic alteration (clay/sericite) with disseminated pyrite and Fe-oxides. Rocks devoid of alteration are not exposed.
Mineralization consists of veins and mineralized breccias within the intrusion, and extends into the country rocks, which are sometimes altered to hornfels or fine-grained, green calc-silicate assemblages.
The strongest zones of mineralization seem to occur along the northwest flank of the intrusion, at the brecciated contact of the intrusion with the enclosing sedimentary rocks, at the junction of at least two faults.
Minerals consist of fine-grained pyrite-chalcopyrite-galena-sphalerite-tetrahedrite-tennantite in white to clear quartz veins and breccias. Other phases (enargite-covellite-chalcocite) have been tentatively identified. The mineralization appears to be unoxidized except for extensive, post-mine copper sulfate staining of fractures in the upper Clyde adit winze.
Although much work remains to be done, the Clyde prospect - is definitely anomalous in a suite of elements, including gold (Au), silver (Ag), copper (Cu), lead (Pb), zinc (Zn), molybdenum (Mo), bismuth (Bi), barium (Ba,) and fluorine (F), consistent with the model for the mining district as a whole, and with a subvolcanic porphyry-type environment.
The petrology of the intrusive, structural setting, and hydrothermal alteration types also fit the model quite well.
The presence of a buried intrusive stock and porphyry system beneath Alunite Ridge has long been hypothesized, and the Clyde prospect (to the south and topographically beneath Alunite Ridge) may represent one instance where the top of such an intrusive system is exposed at the surface.
Road access and drilling platforms are present, and are much more logistically sound than historic proposals to drill from platforms high on the mountains to the north."
Mark Lopez, chief executive officer of Unico, Inc., stated, "As we prepare to initiate processing operations at the mill and processing facility at the Deer Trail Mine, we will concurrently work to explore and develop additional sources beneficial to the facility.
These sources are expected to include underground mining activities associated with the Deer Trail Mine, as well as other potential targets from the additional claims in the area, which include the Clyde and Crown Point mines.
"We are quite pleased to have received this initial report from Mr. Misantoni and look to continue the geological analysis of these claims as we move forward with our exploration efforts," Mr. Lopez added.
In August 2007, Unico announced that it had completed the purchase of the Deer Trail Mine - for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc. are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
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 also announced agreements to acquire over 70 additional mining claims. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit 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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contact www.otcfn.com/ucoi
Unico, Inc. Announces Additional Progress of Onsite - Metallurgical Activity at the Deer Trail Mine - Thursday December 13, 10:01 am ET SAN DIEGO, CA--(MARKET WIRE)--Dec 13, 2007 --
Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that additional onsite metallurgical activity has been conducted at - the Deer Trail Mine in Marysvale, Utah.
The company has issued the following update on the recent progress of metallurgical work:
"Several tests of different mineral collectors, floatation reagents, have been conducted. Four types of xanthates (ethyl, butyl, propyl and amyl) were used in various combinations with sodium and potassium, which are stabilizers in the chemical formula. The control of pH was considered for determining the efficiency to float the mineral and to help discriminate ZnS in the first step. We found that it was possible to separate the galena from chalcopyrite and sphalerite with a pH level between 10.5 and 11.6. It has been decided to use lime to increase the pH levels in the process due to the price difference of soda ash. By using lime a high pH level may be obtained and stabilized. This will allow the copper and lead metal ions to be precipitated in sphalerite.
The use of the appropriate frother in the floatation process is currently under evaluation. Factors that must be considered are its solubility in water and its capabilities of lowering the interfacial energy between gas and water. These tests are currently underway.
The sulfide ore found in the Deer Trail PTH tunnel 3400 area has been a main area of focus. Since the ores found in various areas of the Deer Trail property, including the 3400 area of the PTH tunnel, do not all have the same characteristics, the company is currently developing different procedures for processing each of the ore types.
With the test work that has been conducted to date on the upper Deer Trail tailings, the results have led us to the observation that the gold and silver in the tailings are associated with its sulfide Galena contents. It was noted that the sulfide particles have partially external oxidized surfaces. Tests are being conducted to determine if the oxidized surface can be polished by re-grinding the tailings through our ball mill, after which further testing will determine whether or not the tailings will be amenable to sulfide floatation. Additional tests are being conducted to determine the best means of recovery."
In addition to the metallurgical report, the company reported the recent purchase of a new atomic absorption unit that will be used to speed up the analytical process. The 210VGP Atomic Absorption Spectrophotometer purchased from Buck Scientific, Inc. (http://www.bucksci.com/) is expected to arrive on site this week. The new unit will help to expedite the assaying of samples from both the mine and mill and will provide us with instant results. All previous assay samples had been sent out to independent labs for analysis, thus creating periodic delays in receiving results. Check samples will still be sent out to independent labs for quality assurance.
"We are pleased to report this update on the metallurgical work being conducted at the Deer Trail Mine, and look forward to continued onsite progress as we prepare for the initiation of processing operations at the site," stated Mark A. Lopez, chief executive officer of Unico. "As the final steps of the reconstruction of the mill and processing facility are completed, specifically the start-up testing of equipment and any remaining electrical connections, the metallurgical work conducted at the site will help to fine-tune aspects of the floatation circuit in order to produce the most effective operational processes possible."
In August 2007, Unico announced that it had completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are issued and posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
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. The company has also announced agreements to acquire over 70 additional mining claims. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit 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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, 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, Inc. A. Beyer 951-677-8073 Email Contact
Unico, Inc. Announces Rescheduling of Special Meeting of Shareholders Friday December 21, 1:41 pm ET SAN DIEGO, CA--(MARKET WIRE)--Dec 21, 2007 --
Unico, Incorporated - (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that the Special Meeting of Shareholders, which was originally scheduled for December 21, 2007, has been rescheduled. The company will properly notify shareholders when the specific time, date and location of the meeting have been determined. Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are issued and posted to the company website, are asked to visit the company's website at
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. The company has also announced agreements to acquire over 70 additional mining claims. In August 2007, Unico announced that its wholly owned - Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit
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. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, 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, Inc. A. Beyer 951-677-8073 Email Contact
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