Unico, Inc. Releases July 2009 Investor Newsletter Highlighting Shipments of Concentrate Samples From the Deer Trail Mine for Alternative Processing of Gold and Silver
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SAN DIEGO, CA -- (MARKET WIRE) -- 07/08/09 -- Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today released the July 2009 edition of the company's investor newsletter, which highlights the shipment of samples of material, including large bulk samples of flotation concentrate produced at the Deer Trail mill facility in Marysvale, Utah , to Royal Mines And Minerals Corporation for testing of Royal Mines' proprietary technology for the lixiviation of precious metals.
A PDF version of the July 2009 newsletter has been added to the company's website athttp://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 shipments to Royal Mines And Minerals reported in the newsletter included 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. A preview of the results from additional sample testing after processing by Royal Mines And Minerals showed a very encouraging rate of recovery, with combined recoveries over 90% achieved for the silver and gold content contained within the concentrates.
The newsletter also reports the acquisition of Unico common stock by members of company management, including Chairman Ray C. Brown . After acquisitions of over 3,200,000 shares, 1,838,235 shares and 1,388,889 shares, as well as the gifting of over 1,100,000 shares, Mr. Brown owns 8,559,676 shares of Unico common stock as of his most recent Form 4 Statement of Change in Beneficial Ownership of Securities filing with the Securities and Exchange Commission .
C. Wayne Hartle , who serves both on the Board and holds the position of Corporate Secretary, acquired approximately 4 million additional shares of common stock and was gifted another 735,294 shares by Mr. Brown, bringing his total share ownership to 6,050,308
"There continues to be a high level of activity for Unico, Inc. and its Deer Trail Mining Company subsidiary, and we look forward to bringing out additional information related to the events discussed in this newsletter, as well as new initiatives undertaken by the company, in the coming weeks," stated Mark A. Lopez , chief executive officer of Unico, Inc.