Permits approved for Adonos project

Permits needed for the re-opening of the Idaho Springs mining property in Colorado have been approved, Adonos Resources (VSE) reported.

Adonos, which has a 50% interest in the project, said the property possesses the necessary infrastructure, including a gold and base metal mill, to allow for near-term commencement of production. The other partner in the venture is Franklin Consolidated Mining (NASDAQ).

Surface and underground rehabilitation is under way, and the company said that by the end of September, the mill should commence pilot testing of various types of mineralization.

A milling rate of 150 tons per day is envisaged, with expansion to 250 tons per day in 1992.