Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
SAN DIEGO, CA -- (MARKET WIRE) -- 09/21/06 -- Unico, Incorporated (OTCBB: UCOI), a natural
resource company in the precious metals mining sector, today announced that
wholly- owned subsidiary Deer Trail Mining Company, Inc. has signed an
agreement to acquire 70 additional mining claims covering 1,500 acres in
Piute County Utah for the purpose of conducting exploration, evaluation,
and mining activities, including pre-production feasibility studies and
underground mining of the present workings.
The mining claims acquired include the following: Golden Chalice, Silver
Chalice, New Oraverde, Turquoise, La Phill, J & N, Gold King, T, Blackspot,
T & S, Comeback and Johnson. One area of 50 claims is located south of the
Deer Trail Mine, and another area of 20 claims is located on the
south-facing slope of Beaver Creek Canyon northwest of the Deer Trail
property. These claims are all located on United States Department of
Agriculture (USDA) Forest Service and/or Bureau of Land Management (BLM)
administered land.
Unico issued the following information on the claims:
Geological Area:
The claims cover approximately 1,500 acres along a prevailing northwest to
southeast structural and seritically altered trend. This trend includes
the Annie Laurie/Sevier Mines to the north and the Deer Trail, Bully Boy,
Clyde, Wedge, and Gold Hill mines in the central and southern extensions.
The area is covered by Bullion Canyon Volcanics that have been fractured
and filled with quartz-carbonate veins, vein quartz and adularia with minor
amounts of iron and copper staining. Some areas are highly fractured
forming zones of quartz stock work veins.
History/Past Production:
The area bears many similarities to the Gold Mountain area or Annie Laurie
Mine mineralization, which produced over 140,000 ounces of gold from
quartz-carbonate, quartz and quartz adularia veins. The origin of these
veins is derived from ascending hot water springs associated with
underlying intrusive masses.
The southern claims were drilled in the 1980s with a series of shallow
holes by American Nickel to test the extent of several northwest striking
mineralized structures at the contact of the Bullion Canyon Volcanics and
the Tushar Fault. The reverse circulation drilling of 24 holes clearly
established that quartz veins were highly anomalous in gold. The
underlying sediments have not been tested which could contain deposits
similar to the Deer Trail deposit at depth and of the Annie Laurie nearer
the surface.
On the Golden Chalice claims, the workings include, but are not restricted
to, a tunnel and shaft and large pit showing high-grade silver values, as
well as many pits and exposures of other gold and silver prospects with
some samples measuring in the hundreds of ounces per ton in silver and
several ounces per ton in gold. High-grade gold showings also are known to
exist on the Turquoise claims, originally named for a widespread
copper-stained area in a large porphyry stock.
The north block of claims prospects yielding samples containing as high as
80 to 90 ounces per ton in silver and several ounces in gold have recently
been discovered but have not been assessed in detail. Several of the
claims have been noted to host significant bodies of fluorite with erratic
gold and silver values, plus very significant uranium. Western Nuclear
conducted appreciable exploration on these claims in the 1960s but allowed
the claims to lapse when the price of uranium collapsed.
Under terms of the agreement with the leaseholders, Deer Trail Mining
Company will hold the leased premises for the purpose of exploring,
evaluating and mining all kinds of minerals and ores for a period of
approximately three years from the September 20, 2006 effective date of the
lease agreement. The Deer Trail Mining Company has the right to extend the
term of the agreement for up to fifty consecutive additional one year
periods by giving the lease holder written notice of the Deer Trail Mining
Company's election to extend on or before August 1st of each year.
Deer Trail Mining Company is granted the right to purchase all interests of
the mining claims during the first five years for a total purchase price of
$350,000. Deer Trail Mining Company may also exercise the option to
purchase at any time thereafter during any extension period. After the
fifth year, the purchase price will be increased by $50,000 per year for
each year thereafter.
The Deer Trail Mining Company has paid seven thousand dollars to the lessor
to execute the agreement, which constitutes the rental payment for the
first year and has agreed to pay additional payments of $7,000 each year
on the anniversary date of the agreement. If the Deer Trail elects to
extend its agreement for additional terms, the rental payment will increase
to $10,000 for the fourth and fifth years. For each extension beyond the
fifth year, the annual payment shall increase by 10% per year over the
amount of the prior year's payment.
In consideration for the rights given under the agreement, the Deer Trail
Mining Company agreed to pay the lease holder an amount equal to three
percent of the gross sales proceeds from all ore, concentrates, and all
other productions of mineral resources extracted from the mining claims.
"We are pleased to add these 70 additional mining claims to our subsidiary
mining operations in Utah, which are clearly in an area with significant
potential from both a historical and geological perspective," stated Mark
A. Lopez, chief executive officer of Unico, Inc. "As with the two previous
claims we agreed to acquire in recent weeks, the proximity of these claims
to the Deer Trail property expands the company's presence in the area and
allows us to utilize our resources at multiple claims without significant
logistical difficulties. Unico plans to operate in this area over a long
period and the upcoming completion of construction at the mill and
processing facility located at the Deer Trail Mine will further solidify
our position."
"Unico will continue to target additional favorable acquisition
opportunities as they present themselves, with the goal of building the
company into a major natural resource and mining operation," added Mr.
Lopez.
Shareholders who would like to sign up to receive information by email
directly from Unico, Inc., particularly when new press releases, SEC
filings or other information is disclosed, are asked to visit the company's
website at http://www.unicomining.com/IR/mailinglist.php.
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. 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.
Contacts:
Gemini Financial Communications for Unico, Inc.
A. Beyer
951-587-8072 Email Contact www.unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625 Email Contact www.otcfn.com/uncn