Buffalo, NY 12/30/2009 4:20:26 AM
News / Business

2009 highlights announced for Unico, Inc

Last week Unico announced its December 2009 shareholder newsletter, which includes a Year-In-Review feature highlighting the major event and milestones of the 2009 calendar year. There were many highlights from this newsletter and some of those highlights included the discovery of significant levels of tellurium, an extremely rare element, present at the company's wholly owned Deer Trail Mine in Marysvale, Utah; the testing of alternative methods for the recovery of gold and silver from the recently produced concentrates at the Deer Trail Mine; leachablity testing of samples of the Deer Trail concentrate by an outside laboratory; the shipping of concentrate from the Deer Trail Mine to Royal Mines And Minerals Corporation for testing of Royal Mines' proprietary technology for the lixiviation of precious metals; the acquisition of equipment that will be added to the current flotation circuit of the Deer Trail mill in order to expedite filtration of concentrate and produce a higher grade precious metals concentrate; acquisitions of common stock by company management; an agreement with Industrial Minerals Development, Inc. and Professional Geologist Frederic C. Johnson to drill and verify the upper tailings reserves at the Deer Trail Mine and potentially to conduct reserve verifications on other mine dumps and stockpiles located on the properties the Deer Trail Mining Company subsidiary; plans to begin construction of a new tailings impoundment at the Deer Trail Mine; the filing of a Current Report on Form 8-K regarding the reduction of the company's Total Stockholders' Deficit of over $4,800,000; and disclosure that the technical staff of Deer Trail Mining Company had completed a series of new comprehensive geologic, engineering, and economic studies of the potential tonnages that may exist on four mine and two exploration targets at the Deer Trail Mine.

 

 

 

Mark A. Lopez, President/CEO and Director of Unico, Inc., commented, "We have used our December newsletter edition to review some of the more significant milestones and events that occurred during the 2009 calendar year. While there is still much more to accomplish, we believe that our project at the Deer Trail Mine has made progress over the past 12 months, and we look toward 2010 with great anticipation."

 

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About Unico, Inc.

Unico, Inc. 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. Unico has also announced agreements to acquire over 70 additional mining claims in the area of the Deer Trail Mine including the Clyde and Crown Point mining claims

 

 

 

 

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