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Beacon Equity Research Featured Client: Unico Inc. (UNCO.OB)

Unico Inc. is a natural resource company 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 mine 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.

In August of 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.

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