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Unico, Inc. Announces Deer Trail Mining Company Agreement With PacifiCorp for Electrical Substation Thursday July 20, 9:25 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jul 20, 2006 -- Unico, Incorporated (OTC BB:UNCN.OB - News), a natural resource company in the precious metals mining sector, today announced that Deer Trail Mining Company, LLC, a wholly owned Unico subsidiary, has reached an agreement with PacifiCorp, which supplies more than 1.6 million customers with energy and has more than 8,400 megawatts of generation capacity, to perform design and engineering services related to the construction of an electrical substation at the Deer Trail Mine and processing facility in Marysvale, Utah. PacifiCorp (www.pacificorp.com) will work in cooperation with BNA Consulting, Inc. (www.bnaconsulting.com) of Salt Lake City, a major provider of electrical consulting services, which was contracted by the Deer Trail Mining Company in April 2006 to provide a broad range of engineering services related to the construction of the substation.
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"We have been working with PacifiCorp and BNA Consulting regarding the new substation at the Deer Trail Mine for some time now. This formal agreement related to the feasibility and engineering will help us to pinpoint our power and energy need, and enable PacifiCorp to expand and construct certain improvements at the existing facility," said Mark A. Lopez, chief executive officer of Unico, Inc.
"PacifiCorp is playing an important role in identifying the requirements of the facility in conjunction with BNA Consulting, and we expect a relatively short timeframe for completing this substation. Initially, the project does not seem to be very complex and should be completed soon," added Mr. Lopez.
The Deer Trail Mining Company is engaged in reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings for the Deer Trail Mining Company, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
A major focus of the company's current operations is on the completion of the mill and processing facility, so the Deer Trail Mining Company can begin processing current stockpiles of material and production of the concentrates to sell in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation. The reconstruction includes a variety of improvements that are expected to improve the long-term performance of the facility and increase the company's profitability.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp.
About Unico Inc.
Unico Inc. (OTC BB:UNCN.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. For more information, please visit www.uncn.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.
Posts: 47 | Registered: Dec 2005
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I agree this is going to be one of the hottest of 2006. Next news release will blow the top off. Should be soon
Posts: 49 | From: Earth | Registered: May 2006
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-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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Screening has started today. Mill must be ready to go soon. Core Sample should be out soon.
Posts: 49 | From: Earth | Registered: May 2006
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I believe these guys are already producing gold concentrates. I hope to see these guys use profits from sales to buy back shares as opposed to a reverse split. Screening pictures are up. We also see the bubbly foth from the concentrators in another. Could it be. I hope the prices stay low for another couple weeks so i can load up...........later
Posts: 49 | From: Earth | Registered: May 2006
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Well these guys at UNCN have been quietly building this mystery for the last several yrs. The gold mine is beening developed in an unconventional manner.........but it seems to work for them. To the common investors they see no "gold to mine" because there is no cores to prove it. Yet UNCN has been aquiring and upgrading equipment. Why? They got it. Soon the last piece of the puzzle will be released.
They will soon rip the rug out from under the shorters and create such a feeding frenzy.
In my opion they are already producing concentrates from placer placements and stockpiles. You don't need the mill to produce.
Posts: 49 | From: Earth | Registered: May 2006
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I believe it will go higher. New pictures released tonight dated may 31,2006. They will be producong soon
Posts: 49 | From: Earth | Registered: May 2006
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-- Unico, Incorporated (UNCN) , a natural resource company in the precious metals mining sector, today updated shareholders on progress of reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Reconstruction of the mill and processing facility is designed to improve both efficiency and capacity in processing operations at the Deer Trail Mine as it begins processing stockpiled material currently present on the property. The facility is also expected to be utilized for material harvested from future mining programs at the Deer Trail Mine and other Unico subsidiaries.
A new photo gallery of the additional reconstruction work have been added to the Unico website in the "Media" section at www.uncn.com/news/othermedia.asp.
Included in the recent construction is completion of the fine ore hoppers, which will be placed into their concrete foundation. A thirty thousand gallon steel tank, one-half inch thick, has been purchased and moved onto site. The tank was split in two equal pieces measuring 16 feet tall and 11 feet wide. A 100-ton crane has been contracted to hoist the hoppers and the tank into place on their concrete foundations, and this work is scheduled for completion within the next week. Rubber Engineering has made their final measurements and fitted the templates, and the fabrication of the ball mill liners is near completion. The ball mill bearings have been sent in to Bonneville Machine in Salt Lake City to be machined. They are expected to be delivered next week.
The company has purchased a 2001 Caterpillar 938g loader, which will primarily be used for feeding the mill. A 2000 Case 9030B excavator has also been purchased, and is now being used for the screening operation. The ground has been cleared and leveled for installation of belt line to the ore silos. Two Helmick 36" by 50' conveyors with a weight tech belt scale were purchased to transport the ore from the feed bin to the fine ore bins and a feed bin manufactured by Industrial Feeder was also purchased. All leg supports have been engineered and built to support the conveyers to the fine ore bin.
Once the mill is operational, Unico's wholly owned subsidiary Deer Trail Mining Company, LLC will begin processing the stockpiled dump material and sell the concentrates in fulfillment of the company's five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation. Terms of the agreement include a monthly purchase quantity of 150 tons for the first 6-9 months and increases to 300 tons through the duration of the five-year term. Unico has estimated that the gross cash flow produced from the PGM contract could range from $125,000 up to $450,000 per month.
"We continue to be pleased at the progress on reconstruction and improvement at the mill and processing facility," said Mark A. Lopez, chief executive officer of Unico, Inc. "With the ongoing screening of material from the first targeted Upper Dear Trail Mine area, as well as the longer-term planned mining activity at the Deer Trail Mine, there should be a steady supply of available feed for the mill for the foreseeable future."
Unico recently announced that the Deer Trail Mining Company, has initiated screening plant operations at the upper Deer Trail Mine, and that material is being run through the screening plant and moved to the mill in preparation for further processing. In total, the company has identified approximately 80,000 tons of material from this area, which it plans to screen and process at the Deer Trail mill facility. Historically, the material mined in this area has contained economical values of both gold and silver.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp.Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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UNCN (.0013) Announces Form 4 Filing on Purchase of 20 Million Shares of Common Stock by Chairman Jul 31, 2006 10:17:00 AM
SAN DIEGO, CA -- (MARKET WIRE) -- 07/31/06 -- Unico, Incorporated (OTCBB: UNCN), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has purchased an additional 20,000,000 shares of Unico common stock. A Form 4 Statement of Change in Beneficial Ownership of Securities regarding the purchase has been filed with the Securities and Exchange Commission.
The purchase was made at a price of $0.00104 per share on July 28, 2006 and brought the number of common shares that Mr. Brown owned to 60,000,000. Subsequently, Mr. Brown gifted 10 million shares of his purchase, bringing his total ownership to 50,000,000 shares.
"At a time when Unico continues to make progress in developing revenue streams and establishing value in its subsidiary mine properties, I am pleased to add to my common stock position with this purchase," said Mr. Brown.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp.
About Unico, Inc.
Unico, Inc. (OTCBB: UNCN) 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. For more information, please visit www.uncn.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 for Unico, Inc. A. Beyer 951-587-8072 Email Contact www.uncn.com
OTC Financial Network Rick McCaffrey 781-444-6100, x625 Email Contact www.otcfn.com/uncn
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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Unlikely. It will take a better PR than this one to really move this one...IMO.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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