Unico, Inc. Announces Further Reconstruction Work at the Mill and Processing Facility at the Deer Trail Mine
Posted on: Thursday, 11 October 2007, 09:00 CDT
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced further progress of reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
A new photo gallery showing the reconstruction work is expected to be added to the Media section Unico website, http://www.unicomining.com, in the next several days.
The vacuum pumps used for the Eimco filter have been installed as have the filtrate tanks used to collect the wastewater from the Eimco filter. All piping required to operate the filter and vacuums are in place and prepared for their final electrical connections.
The piping that will carry the tailings to the thickener has been installed along with all of the piping that will carry the recycled water throughout the mill.
The fine ore feed conveyors have had new belting and rollers installed, and a test a run is scheduled in the next several days.
The onsite laboratory is being moved from the mine site to the area of the mill buildings to help increase the efficiency of the mill operations and improve logistics at the site. The concrete walkways that will be used to connect the laboratory to the mill buildings are currently being poured.
The DC motors and DC speed controllers, which operate the belts that feed the ore into the mill, have been delivered and are currently being installed.
Ongoing electrical connections inside the mill building are being made daily, and electrical equipment is being tested as it comes online.
The reconstruction of the mill and processing facility is being undertaken so that Unico's wholly owned mining subsidiary, Deer Trail Mining Company, Inc. can begin processing operations at the site. Above-ground stockpiles of material at the site is the immediate target of processing operations as additional future planned mining operations at the Deer Trail Mine are strategized.
"We are pleased to report this additional progress of reconstruction work at the mill and processing facility at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico. "With the power supply through the new electrical substation now available, we look forward to completing the final electrical connections, motor installations, and wiring work, so testing inside the facility can begin."
Unico recently 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 new photo galleries are 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. (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. Recently, 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 Contactwww.otcfn.com/ucoi
SOURCE: Unico, Inc.
Source: MARKET WIRE
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