Unico, Inc. Announces Presence of Tellurium at the Deer Trail Mine
SAN DIEGO, CA, Feb 09 (MARKET WIRE) --
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the
precious metals mining sector, today announced that significant levels of
tellurium, an extremely rare element, have been discovered at the
company's wholly owned Deer Trail Mine in Marysvale, Utah. Tellurium,
which is used in metal alloys and as a semi-conductor, has recently
experienced increased demand in applications including optical discs,
memory chips and solar panels.
The presence of tellurium at the Deer Trail Mine was discovered during
comprehensive analysis of concentrates at the Deer Trail mill and
processing facility. Unico recently 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.
Metallurgical test work is currently being conducted onsite at the Deer
Trail laboratory. Information on the results completed at the site and
additional analysis conducted by independent 3rd party laboratories are
expected to be announced in the coming days. Test work will also be
conducted on methods for the extraction of tellurium directly from the
concentrates for marketing directly to end users.
There were traditionally very few commercial uses identified for
tellurium, but it has primarily been used as an alloying agent with
copper, steel or lead. It is also used in blasting caps and ceramics.
Recently tellurium has been utilized in ever-increasing applications in
the electronics industry, solar cell electric power generation and as a
semi-conductor.
World tellurium is almost entirely recovered from copper concentrates
during smelting and refining. The supply of this strategic metal was
already in very tight supply prior to the worldwide economic recession,
and the problem has been further exacerbated by the recent reduction in
worldwide copper production. The value of tellurium has recently ranged in
price from $150 to $300 per kilogram, and the current market price is
approximately $180 per kilogram.
"We are pleased with the ongoing work at the Deer Trail Mine, which has
resulted in the discovery of tellurium present in concentrates produced at
the mill site," commented Mark A. Lopez, chief executive officer of Unico,
Inc. "As we continue our activities at the Deer Trail Mine, which include
processing at the mill facility and preparations for future underground
mining activities at the site, we will also explore all available
commercial opportunities for the tellurium discovered there."
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
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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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