November 3, 2008
Unico, Inc. Announces the Addition of a New Photo Gallery Showing the USGS Field Trip to the Deer Trail Mine
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced the addition of a new photo gallery on the company's corporate website, www.unicomining.com, showing the company and its wholly owned Deer Trail Mining Company subsidiary hosting the recent United States Geological Survey (USGS) 2008 Marysvale District Field Trip at the Deer Trail Mine property.
The new photographs have been added to the "Media" section of the Unico website at www.unicomining.com./news/othermedia.php.
The new gallery contains photographs showing the trip, which was conducted by representatives from the USGS and included seven of the most eminent research geologists employed by the federal government. Deer Trail Mining Company Chief Geologist L. Alex Scarbrough, Jr. contributed his own intimate knowledge of the Deer Trail Mine property.
The trip was conducted over several days in September 2008 and included visits to The Big Rock Candy Mountain, Whitehorse, and Yellowjacket Replacement-type alunite deposits in the Antelope Range of the Eastern Marysvale District; the VCA Mine U-Mo-F Mine in the Antelope Hills Range of the Eastern Marysvale District; the Christmas, L &N, Bradburn, and Mineral Products High Sulphidation vein-type alunite Mines in the Alunite Ridge Area of the Western Marysvale District; the Lower (New) Deer Trail Manto-type Ag-Au-Zn-Pb-Cu Mine at the base of Deer Trail Mountain in the Western Marysvale District; the Wedge Low Sulphidation Quartz vein-type Au-Ag-Te Mine on the north side of the Mt. Edna-Mt. Brigham Area of the Western Marysvale District; the respective 20 m.y. and 10 m.y. basaltic flows in the Western Marysvale District.
One of the highlights of the trip was spending a majority of the final day touring the Deer Trail mine and milling complex. Several stopes in both the Callville Limestone-hosted 3400 Area and Toroweap Sandstone-hosted 8600 Area were toured and evaluated. Samples were taken for age date classification and temperature of emplacement. Analytical equipment was set up in the Deer Trail office and samples were analyzed for sericite alterations.
Numerous discussions with the nine field trip participants included topics that may have significance to exploration efforts in the Marysvale District, including Alunite and Mo-Porphyries, Fluorite Veins and Mo-Porphyries, Bi-modal Volcanism and Mo-Porphyries, Phosphate, Alunite, and Poly-metallic Deposits, Sand Stopes in the Lower (New) Deer Trail Mine, Other Alunite Veins and Potential Porphyry Targets, Alunite Vein Modes of Emplacement, and Source and Timing of Mineralizing Fluids.
"The photographs in this new gallery show the recent USGS 2008 district field trip at the Deer Trail Mine property, an event we were very pleased to host," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The gallery includes underground pictures at the Deer Trail Mine and group discussions in a meeting area on the property. We hope that the event, our work at the property over the last several years, and our ongoing and future work at the site will contribute to the geological knowledge of the mining district."
Unico is currently completing the testing phase of the completed floatation circuit at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Material is being processed as part of the testing phase, and the company expects the next steps at the facility to include the production of concentrate.
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About Unico, Inc.
Unico, Inc. (OTCBB: UNCO) 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 two mine properties: the Deer Trail Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims including the Clyde and Crown Point 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.
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
SOURCE: Unico, Inc.