Unico, Inc. is a natural resource company working in the precious metals mining sector. They focus on the exploration, development, and production of gold, silver, lead, zinc, and copper concentrates. They do this via their two mining properties, the Deer Trail Mine and the Silver Bell Mine. Founded in 1966 and based in San Diego, California, Unico also has agreements to acquire over 70 more mining claims.
Last August (2007), Unico Inc. announced that their wholly-owned subsidiary, Deer Trail Mining Company, had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. The Deer Trail Mine, in Marysvale, Utah, has undergone two recent exploratory drilling programs. One was a reverse-circulation drill program and the other was a diamond-core drilling program. The Deer Trail Claims total 3,275 acres, or 5.12 square miles. They include the Deer Trail Mine, the PTH Tunnel, and the Carisa and Lucky Boy Mines.
Unico’s Silver Bell Mining Company has 29-patented mining claims and three patented mill-sites. These cover 370 acres in American Fork Canyon, Utah. The claims, which are permitted but currently inactive, consist of old mining properties of Tintic-type or manto/vein hosted ores. They once contained ‘bonanza’ grades of silver as well as gold, lead, and zinc. Unico sees promise in the Silver Bell Mine because the ore composition is very similar and compatible with the ores at their Deer Trail Mine.
Last week, Unico announced the receipt of an additional $235,000 in financing through the sale of four new convertible debentures. Unico will use the funding to continue upgrades and improvements to their floatation circuit at the Deer Trail Mine in Marysvale, Utah. The company’s wholly owned subsidiary, Deer Trail Mining Company, LLC, recently announced the completion of the floatation circuit at the mine. The company has recently undertaken repairs and improvements to further more effective and efficient operations at the mill. The company is working towards the next goals for this facility, which include the production of concentrates.
Unico Inc. is aggressively developing their precious metal properties to get their operations up to speed. They’re driving forward for sustainable future growth for the company and their shareholders. They hope to let their entire shareholder base see that what often glitters is in fact gold…and silver, lead, zinc, and copper as well.
Let us hear your thoughts below.