Unico, Inc. Announces In-House Evaluation of Historical Data Regarding Tellurium Levels at the Deer Trail Mine
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SAN DIEGO, CA, Feb 17 (MARKET WIRE) --
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the
precious metals mining sector, today announced that, in the wake of
recent interest in tellurium (Te) content at the company's Deer Trail
Mine in Marysvale, Utah, the company has conducted in-house evaluation of
geochemical data from a previous underground exploration program at the
mine. Additional test work is expected to be conducted on methods for the
extraction of tellurium directly from the concentrates for marketing
directly to end users.
Unico recently announced interest expressed in the levels of tellurium, an
extremely rare element, discovered at the Deer Trail Mine. Tellurium,
which is used in metal alloys and as a semi-conductor, has experienced
increased demand in recent years in applications including optical discs,
memory chips and solar panels.
The geochemical and assay data analyzed was from an exploration program
conducted from 1981-1983 and included eight diamond drill holes in the
Lower (New) Deer Trail Mine.
The investigation of the previous geochemical and assay data included
conversion of logs to the stratigraphic framework developed by Behre
Dolbear in 2007 for the Pennsylvanian Callville Formation that hosts the
mine. Behre Dolbear was contracted by Unico to perform geological analysis
and evaluation at the Deer Trail Mine using both historical data and data
gathered from a 2005 underground diamond core drilling program conducted
at the mine.
Deer Trail's study of the 1981-1983 drill hole data indicates that seven
intervals ranging from 2.0 to 3.3 feet thick (uncorrected) exceed 100 ppm
(parts per million) tellurium. Four of the preceding are associated with
stratabound base and precious metal intercepts and range from 120 to 500
ppm Te over intervals of 2.0 to 3.3 feet (uncorrected). Additionally, a
6.0 foot intercept in the Wet Fissure, which is a low-grade discordant
feeder structure, exceeded the 2,000 ppm limits of detection for
tellurium.
"The initial analysis of historical information from the Deer Trail Mine
indicates that additional geological study and assay work is warranted,"
said Mark A. Lopez, chief executive officer of Unico, Inc. "As we
continue our study of the tellurium potential at the Deer Trail Mine
through in-house and independent resources, we will also explore all
potential commercial applications for its uses."
The presence of tellurium at the Deer Trail Mine has been discovered
during comprehensive analysis of concentrates at the Deer Trail mill and
processing facility. Unico has announced the production of concentrates at
the Deer Trail mill, and photo galleries showing activities at the
facility can be viewed at the Unico website, www.unicomining.com.
Shareholders who would like to sign up to receive information by email
directly from Unico, Inc., including when newsletters 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: 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.
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
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