Unico, Inc. Issues August 2009 Newsletter With Review of Ore Processing Agreement, Shipments of Ore and Additional
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SAN DIEGO, CA, Aug 17 (MARKET WIRE) --
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the
precious metals mining sector, today announced the release of the August
2009 edition of the company's investor newsletter, which reviews an
initial agreement to process ore from the company's Deer Trail Mine in
Marysvale, Utah; the shipment of 21 tons of material for the processing
of gold and silver; and additional improvements to the Deer Trail mill,
including work that is intended to improve the overall gold recovery at
the facility.
A PDF version of the August 2009 newsletter has been added to the
company's website at http://www.unicomining.com./news/newsletters.php,
and an email notification of the newsletter's release will be sent to
subscribers to Unico's electronic mailing list.
The initial agreement reported in the newsletter calls for Unico, Inc. to
deliver a minimum of 15 tons of crushed ore or concentrates per week, or
approximately 60 tons per month, to Royal Mines And Minerals Corporation,
which operates a processing facility in Phoenix, Arizona that utilizes a
proprietary technology for the lixiviation of precious metals. Under terms
of the agreement, Royal Mines will utilize the material shipped by Unico
for the processing of precious metals including, but not limited to, gold
and silver. Payment to Unico will be based on the day of deliveries Kitco
spot price (www.kitco.com) and will be made within 10 business days of
processing of materials. Unico may also, at its option, elect to receive
payment in the form of product. If so, payment will be in the form of Dore
bars, which are to contain a minimum of 99% percent precious metals.
Payment in Dore form is to be made within 30 days of processing of
materials. The one-year agreement may be extended for an additional period
of time or modified by mutual agreement of the parties.
The newsletter also reviews the shipment of an additional 21 tons of
material from the Deer Trail Mine to Royal Mines' Phoenix facility for the
processing of gold and silver content. The shipment of 21 individual bags
of sulfide concentrate had an approximate total weight of 42,000 pounds,
or 21 tons. The 21 tons of concentrate was produced from approximately 200
tons of material taken from the 3400 area of the Deer Trail Mine.
Also highlighted in the newsletter is the reporting of additional
improvements to the Deer Trail mill facility, including work that is
intended to improve the overall gold recovery. Equipment has been added to
the flotation circuit so as to expedite filtration of concentrate at the
facility and produce a higher grade precious metals concentrate.
In the same announcement, Unico reported that results of recent testing of
oxide material from the upper Deer Trail Mine area has shown gold content
in amounts double that of the sulfide ore that was used to produce the
first shipment delivered to Royal Mines And Minerals Corporation. The
unprocessed sulfide material had a gold content of .06 oz/ton, while the
oxide material had a gold content of .15 oz/ton. Higher grade head ore
material, coupled with improved methods of processing material currently
being implemented at the Deer Trail mill facility, are expected to provide
the opportunity for greater return from mining and processing operations
at the Deer Trail Mine.
"Each of the stories in this edition of our investor newsletter is
directly tied to processing operations at the Deer Trail Mine," said Mark
A. Lopez, chief executive officer of Unico, Inc. "With our initial
agreement with Royal Mines And Minerals Corporation now in place, a major
focus will be to expedite filtration of concentrate and to produce a
higher grade of precious metals concentrate at the Deer Trail mill
facility."
"We expect to have a consistent flow of information to report to
shareholders as we continue to develop our project at the Deer Trail
project," Mr. Lopez added.
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.
Contact:
Gemini Financial Communications, Inc.
Investor Relations
888-528-0883
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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