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This runs on very little volume.. picked up some yesterday at 18.. upticked from 17x18 to 19x20 this morning on about 11mil.. 1 good PR and this is an easy double..
Posts: 330 | Registered: Feb 2005
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Jun 12, 2006 (M2 PRESSWIRE via COMTEX) -- Unico Incorporated (UNCN), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Unico Incorporated which focuses on the production of ores and precious metals in the U.S., earlier this morning announced that they have 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."
Earlier this week, the company announced that ALS Chemex has agreed to conduct the independent analysis and certification final results for the core samples taken from the Phase II underground exploratory drilling project at the Deer Trail Mine.
In excess of 7,000 feet of drill core was taken from 13 underground holes during the diamond core drilling phase completed by Connors Drilling, LLC in 2005. Preeminent mining industry consultancy firm Behre Dolbear has been contracted to perform the geological core logging and spitting verification on the samples before they are sent to ALS Chemex for analysis.
"We worked with ALS Chemex on the analysis of our Phase I reverse circulation drill program in 2004, and we are extremely pleased to have them on board to analyze our assay results on Phase II as well," stated Mark A. Lopez, chief executive officer of Unico, Inc. "Unico strives to establish relationships with reputable and well-regarded companies in the mining industry, and ALS Chemex, with its reputation for excellence in analytical services over the past three decades, is clearly no exception. Not only are they a trustworthy worldwide name in the field of geochemical and mineral analysis, but they are also known to provide one of the highest levels of quality assurance and quality control in the industry."
Unico Incorporated is currently trading back up nearly 12% to $0.002, on decent volume of over 30 million. This company has tons if potential yet continues to get batted around as they have not yet been able to prove themselves. It will be very interesting to see the results which ALS Chemex provides investors with from the Phase II underground exploratory drilling project at the Deer Trail Mine. The ball seems to be rolling now as progress is being made. The BWR Research Team will continue to track the developments surrounding Unico Incorporated and many other exciting companies.
Posts: 330 | Registered: Feb 2005
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Member Rated: posted June 12, 2006 09:32 -------------------------------------------------------------------------------- Monday , June 12, 2006 06:51 ET
The following article appears in the latest edition of Barron's(tm) discussing :
"Barron's(6/12) Sizing Up Small Caps: Pennies From Heaven"
(OTCBB: XKEM) last traded at $0.03, down $0.00 (-3.33%), on 0 shares.
OTHER STOCK(S) MENTIONED: -- (OTCBB: RVMO) -- (OTCBB: UNCN)
Posts: 438 | From: just outside of nowhere | Registered: Mar 2006
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What is up with the level IIs on this stock over the past 10 minutes?
Posts: 438 | From: just outside of nowhere | Registered: Mar 2006
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Something is up with UNCN, increased volume, lots of buys today, coverage in Barrons, tomorrow should be a good day!
Posts: 438 | From: just outside of nowhere | Registered: Mar 2006
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