SOURCE: Unico, Inc.

March 17, 2006 09:16 ET

Unico, Inc. Announces Agreement With Behre Dolbear for Geological Services at the Deer Trail Mine

SAN DIEGO, CA -- (MARKET WIRE) -- March 17, 2006 -- Unico, Incorporated (OTC BB: UNCN), a mining company with three wholly-owned subsidiary mine operations, today announced that the Deer Trail Mining Company, LLC has entered into an agreement with Behre Dolbear and Company (USA), Inc., a preeminent mining industry consultancy firm, for geological services at Unico's Deer Trail Mine in Marysvale, Utah.

Behre Dolbear, founded in 1911, is one of the oldest continuously operating mineral industry consulting firms in the world. The firm, which has offices in Denver, Guadalajara, Hong Kong, London, New York, Santiago, Sydney, Toronto and Vancouver, specializes in mineral property valuations, evaluations and due diligence studies, ore reserve estimates and mine planning, ore processing and metallurgy, management consulting, strategic planning, liability management, environmental planning and market analysis.

The initial focus of Behre Dolbear's work will be related to material from the underground diamond core drilling program undertaken at the Deer Trail Mine in 2005. The primary objective of the Phase II underground diamond core drilling program was to target known mineralized horizons and discover new horizons of mineralization in and around the main ore channel of the Deer Trail Mine. In excess of 7,000 feet of drill core was taken from 13 underground holes during the diamond core drilling phase completed by Connors Drilling, LLC. Behre Dolbear will perform the geological core logging and spitting verification on the samples before they are sent to an independent lab for analysis. Behre Dolbear has also been contracted to report on the mineralization and provide additional technical advice on the project as desired by Deer Trail Mining Company, LLC.

Mr. Alex Scarbrough, a consultant with over 30 years experience as a geologist including extensive work in the mining industry, has been assigned by Behre Dolbear to the Deer Trail Mine project.

"Behre Dolbear is a premier company in the mining industry, and we are pleased to establish a relationship that we hope will extend beyond this initial contract," stated Mark A. Lopez, chief executive officer of Unico, Inc. "As we move forward with the geology of the core samples taken from our underground diamond core drilling program, Unico will also explore the other services that Behre Dolbear provides and discuss how they may be utilized to realize the full value of Unico's mine holdings. This is clearly a step in the right direction for us to further the development of our exploration program and help to define future resources at the Deer Trail Mine."

About the Company

Unico Inc. is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine the Bromide Basin Mine and the Silver Bell Mine.

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:
    A. Beyer
    Gemini Financial Communications
    951-587-8072
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