SAN DIEGO, CA, Jun 08, 2006 (MARKET WIRE via COMTEX) -- Unico Incorporated (UNCN, Trade ), a natural resource company in the precious metals mining sector, today announced that the company has initiated independent geological core logging and splitting verification on samples taken from the underground diamond core drilling program conducted at the Deer Trail Mine in 2005.
Photographs of the core logging and splitting, which was undertaken by consulting geologist Alex Scarbrough, who was assigned to the project by mining industry consultancy firm Behre Dolbear to the Deer Trail Mine project, have been added to the Unico website at www.uncn.com . A new picture gallery that shows the core logging and splitting work has been added to the "Media" section at www.uncn.com/news/othermedia.asp .
Included in Mr. Scarborough's initial work at the Deer Trail Mine is the logging and splitting of the core samples, and identification of areas of mineralization from the Phase II underground diamond core drilling program. From preliminary reports, logging is now complete on 4 holes, UDDH #1 (740 ft), UDDH #5 (664 ft), UDDH #11 (454 ft) and UDDH #12 (355 ft). This is a total of 2,213 feet logged independently thus far. Core splitting has also been initiated simultaneously in identified mineralized intervals on hole UDDH #1. Areas being identified of interest to potentially contain base and precious metal content will be sent out for further assay analysis to ALS Chemex for verification.
The primary objective of the Phase II underground diamond core drilling program was to target known mineralized horizons and discover new horizons of mineralization in and around the main ore channel of the Deer Trail Mine. 7,235 feet of drill core was taken from 13 underground holes during the diamond core drilling phase completed by Connors Drilling, LLC. Behre Dolbear was contracted to perform the geological core logging and splitting verification on the samples before they are sent to ALS Chemex for analysis.
"We are pleased to have Behre Dolbear & Company (USA) working now on-site conducting the geological analysis of core taken from the Phase II drilling program at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico, Inc. "This valuable data will help provide the framework to support future mining efforts and potential mineral targets, and hopefully lead us toward a possible reserve calculation to provide additional value to the Deer Trail Mine."
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. ( www.uncn.com ) 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.
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.
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