Unico, Inc. Announces Shipment of Additional Concentrate Sample From the Deer Trail Mine to Royal Mines and Minerals Corp. and Preview of Results From Alternative Processing of Gold and Silver
Market Wire, June, 2009
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced that the company has shipped an additional large bulk sample of material, from the Deer Trail Mine in Marysvale, Utah, to Royal Mines And Minerals Corporation for testing of Royal Mines' proprietary technology for the lixiviation of precious metals.
On June 10, 2009, Unico's wholly owned Deer Trail Mining Company subsidiary shipped an additional 1,800 pound bulk sample to Royal Mines' processing facility, located in Phoenix, Arizona for follow up testing. Unico is pursuing alternative processing methods for the extraction of silver and gold from concentrate at the Deer Trail Mine. The purpose of this initiative is to develop the most economical process and achieve the highest recovery of precious metals possible from material produced at the site.
Three members of the Deer Trail Mining Company technical staff toured the facility to get a firsthand look at the equipment and technology that is currently being used to generate the test results.
Unico previously announced shipments to Royal Mines, which is publicly traded under the symbol RYMM. The shipments were initiated with the delivery of an initial 1 kilogram sample of concentrate produced at the Deer Trail mill facility. After a first round of testing had been completed, three larger samples from the Deer Trail site were delivered, including 45 pounds of screened material from one of the waste dumps at the Deer Trail Mine, a 45-pound sample of oxide tailings from the site, and a one ton sample of sulfide floatation concentrate processed at the Deer Trail mill facility.
The one ton bulk concentrate sample was homogenized and a representative 250 pound sample was taken. The representative sample was fire assayed for its gold and silver content. The results of the fire assay showed an unexpected increase in both the gold and silver content as compared to previous assay results on the Deer Trail concentrate conducted by an independent outside laboratory. The previous results, which announced by Unico on February 25, 2009, were conducted by fire assay and had yielded 0.43 oz/ton gold (Au) and 71 oz/ton silver (Ag). The new fire assay results showed an increase of 30% in the silver content and 50% in the gold content.
With the Deer Trail Mining Company technical staff observing, the 250 pound sample was introduced to the stabilized thiourea leach chemistry and then placed through the vibratory grinding mill. Samples were taken on a timed interval. Test work was concurrently conducted on the samples to determine the size liberation that yielded the best rate of recovery. A preview of the results from the sample testing have showed a very encouraging rate of recovery, with combined recoveries over 90% achieved for the silver and gold content contained within the concentrates.
"Royal Mines has done an exceptional job in the testing of material from the Deer Trail Mine, and we believe that by utilizing their processing technology and methods, we will achieve greater value from the sale of the finished product," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We intend to continue our work with Royal Mines and look forward to an ongoing business relationship."
Two photographs of the one ton sample that was shipped to Royal Mines can be viewed in the "Media" section of the Unico website at www.unicomining.com./news/othermedia.php .
More information on Royal Mines proprietary technology for the lixiviation of precious metals can be found at its website, www.royalmmc.com .
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. 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.
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