Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has submitted a proposed amendment to its Large-Scale Mining Plan to cover expansion of the mill and processing facility at the Deer Trail Mine in Marysville, Utah.
The State of Utah’s Division of Oil, Gas and Mining (DOGM) granted formal approval of Unico’s amended Large-Scale Mining Plan for the Deer Trail Mine in April 2005.
Unico’s wholly owned subsidiary Deer Trail Mining Company, LLC has added new construction elements to the existing mill site plan. As part of its amendment to the Large Scale Mining Plan, Unico has also submitted to DOGM a Form MR-REV equivalent with additional blueprints of the site modifications and a reclamation surety bond estimate.
The amended Large-Scale Mining Plan allows Unico to expand the scope of its large mining operation and execute its long-term plan at the Deer Trail Mine. Mining operations under the plan may include activities conducted on the surface of the land for exploration, development or extraction of a mineral deposit, including, but not limited to, surface mining and the surface effects of underground mining, on-site transportation, concentrating, milling, evaporation and other primary processing.
“The significant reconstruction that has been undertaken at the mill and processing facility at the Deer Trail Mine necessitated this amendment to our Large-Scale Mining Plan on file with DOGM,” said Mark A. Lopez, chief executive officer of Unico, Inc. “The amendment covers the additional structures added to the site plan as part our efforts to increase both efficiency and capacity of the facility.
“We continue to be pleased with the progress of reconstruction at the mill site, and look forward to initiating processing operations at the facility as soon as possible. As the scope of operations at the Deer Trail Mine continues to grow, Unico will continue to comply with DOGM’s requirements for permitting and posting of the required reclamation surety,” added Mr. Lopez.
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About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) 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 three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
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.
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