SOURCE: Unico, Inc.

Unico, Inc.

November 17, 2009 10:40 ET

Unico, Inc. Issues November 2009 Shareholder Newsletter Reviewing Updated Tonnage Potential Calculations for Mine and Exploration Targets on the Deer Trail Mine Property

Newsletter Edition Also Highlights Approval of New Tailings Pond Impoundment

SAN DIEGO, CA--(Marketwire - November 17, 2009) - Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today issued the November 2009 edition of the company's shareholder newsletter, which reviews 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 in Marysvale, Utah, as well as approval for the construction of a new tailing impoundment at the Deer Trail site.

A PDF version of the November 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 new potential tonnages and exploration targets highlighted in the newsletter were included in a report drafted by the technical staff of Unico Inc.'s wholly owned Deer Trail Mining Company subsidiary and submitted to company management. The report, which includes detailed footnotes, will be added to Unico, Inc.'s corporate website in the near future.

The newsletter also reviews the company's plans to begin construction of a new tailings impoundment, which is expected to allow for full-scale production for up to one year at the Deer Trail Mine. In September 2009, Deer Trail Mining Company submitted to the Utah Department of Environmental Quality and its regulatory agency, the Division of Water Quality, an application to acquire the necessary permits to construct the new tailings impoundment. Construction of the pond will start immediately upon the receipt of full approval and permitting from all of the appropriate regulatory and administrative bodies. Approval was received from the Division of Water Quality in late October 2009.

Also reported in the newsletter is progress of the company's efforts to drill and verify upper tailings resources at the Deer Trail Mine and potentially to conduct resource verifications on other mine dumps and stockpiles located on the properties owned by the Deer Trail Mining Company. The company entered into an agreement with Industrial Minerals Development, Inc. ("IMD") and Professional Geologist Frederic C. Johnson to perform the work at the Deer Trail site. The primary focus for the resource calculations are gold, silver and the potential for tellurium. Mr. Johnson has submitted a report updating the progress of work done at the Deer Trail Mine site thus far.

"This edition of our shareholder newsletter covers a variety of information related to the company's activities at the Deer Trail Mine, from additional study of potential tonnages and mining targets, to plans to construct a new tailings pond, to the expected drilling and verification of resources at the Deer Trail site," said Unico, Inc.'s President/CEO Mark A. Lopez. "We are pleased to provide this comprehensive review for our shareholders and look forward to reporting the next steps in our operations at the Deer Trail Mine."

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. 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. 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 Information

  • Contact:
    Gemini Financial Communications, Inc.
    Investor Relations
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