UCOI Stock Quote: Unico Inc. (OTC BB: UCOI)
A Natural Resource Company
DEER TRAIL MINING
COMPANY, LLC.
SILVER BELL MINING
COMPANY, INC.
BROMIDE BASIN MINING
COMPANY, LLC.
   INVESTMENTS > DEER TRAIL MINING COMPANY, LLC. > DEER TRAIL MINE HISTORY

Mining Claims

History of the Deer Trail Claims

Geological Reports

1997 Report
- Geology of the Manto Deposits
- Orebodies
- Areas of Economic Potential
- Recommendations

1998 Report
- The 3400 Area
- The 8600 Area
- Conclusion

2002 Report
- Deer Trail Estimated Resources

Mine History

Deer Trail Mine History

Mine History

DEER TRAIL MINE HISTORY

Gold was discovered at the present site of the Deer Trail Mine by deer hunters in 1878. A mine was developed shortly thereafter and operated up until 1930, at which time an underground fire disrupted the mining operations. Some of the workings collapsed and this portion of the mine has been closed to this day. Two hundred thousand ounces of gold and 1.5 million ounces of silver were reported to have been processed at the site (at today's precious metal values this would amount to over thirty million dollars). The portals of the mine tunnels, foundations for the mill and some equipment can be seen, including tailings disposal ponds consisting of over 150,000 tons of material.

It has been reported that the grade of gold processed from the mine ranged from 2 ounces up to as high as 7 ounces per ton. Assays on the tailings indicate gold at 0.04 per ton and silver at 2.5 oz per ton, with a total value of approximately three million dollars.

In the late 1950's a tunnel (now referred to as the PTH Tunnel) was driven four hundred feet below the old working with the intent of reopening the old gold workings. At a distance of 3400 feet in the tunnel, a fairly large sulfide ore body containing lead, zinc and silver was intersected. The tunnel was extended to over ten thousand feet and a second ore body was intersected at 8,600 feet.

One hundred and fifty thousand tons of high grade lead and zinc ore, together with the silver from this area of the tunnel, were processed in smelters in Kellogg, Idaho. In the mid 1970's, as a result of falling metal prices, the smelters were closed down and mining at the Deer Trail was halted.

In the lower working of the PTH tunnel, records show that an additional 69,000 tons of ore were processed between 1975 and 1981. At present day metal prices, the total production from the PTH tunnel would be in the order of 30 million dollars. Since production in the mine ceased, Phelps Dodge, Noranda and Goldfields Mining Companies separately have conducted exploration programs at the mine and surrounding areas. Recent assays on the "8600" level show 0.018 ounces of gold per ton, 49.70 ounces of silver per ton, 14.3% lead per ton and 41.8% zinc per ton.

In 1992, and again in 2001 UNICO obtained a lease option with Deer Trails Development Corporation for the Deer Trail Mine and for the past 9 years has opened up the underground workings and this past year constructed a processing mill on site. The priority is to mine ore from the PTH tunnel and produce gold, silver, lead and zinc concentrates for smelting. UNICO plans to further open up the mine next year to gain greater production tonnage. Later, UNICO will gain access to the upper gold bearing regions.

Based on a consulting geologist reports dated April, 1997 and March, 2002 it is stated that over one million tons of ore are estimated to be contained in the two mineralized zones located 3,400 and 8,600 feet from the portal of the PTH tunnel. The ore bodies are from 20 to 30 feet high and 90 to 300 feet wide and trend in a north westerly direction for several thousand feet, dipping 17 degrees to the north and west. Access to these ore bodies is by sub-level drift from winzes and raises off the PTH tunnel level.