Business
Chilco River Holdings Enters $115M High-Value Gold JV with Near-Term Production, Long-Term Growth Potential
Transaction aligns with broader strategy to build resilient, growth-oriented assets and operations Los Angeles, California--(Newsfile Corp. - June 25, 2025) - Chilco River Holdings, Inc. (OTC Pink: CRVH) ("Chilco" or the "Company"), a dynamic holding company and diversified business accelerator, is pleased to announce it has entered into a Joint Venture Agreement with Mine CA Gold Ltd. to reprocess legacy tailings from a former high-grade gold mining operation in the Philippines. This marks a st
About this update from Chilco River Holdings, Inc.
[{"type":"text","content":"Transaction aligns with broader strategy to build resilient, growth-oriented assets and operations","length":98,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Los Angeles, California--(Newsfile Corp. - June 25, 2025) - Chilco River Holdings, Inc. (OTC Pink: CRVH) ("Chilco" or the "Company"), a dynamic holding company and diversified business accelerator, is pleased to announce it has entered into a Joint Venture Agreement with Mine CA Gold Ltd. to reprocess legacy tailings from a former high-grade gold mining operation in the Philippines. This marks a strategic entry into gold production with significant near-term revenue potential and long-term upside.","length":522,"tagName":"p"},{"type":"text","content":"Located approximately 200 kilometers southeast of Manila, the site contains an estimated 1.7 million tons of tailings with a gross metal value of approximately US$115 million, including US$100 million in gold and US$15 million in silver, based on current market prices. These figures are supported by historic production data and tailings assays from the original mine, which produced 290,000 ounces of gold over a 10-year period.","length":430,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fast-Track to Revenue: Gold and silver production is expected to commence within 90 days following the refurbishment of existing on-site equipment.","length":147,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":147,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Low-Capex, High-Upside: Initial production leverages existing infrastructure, significantly reducing capital requirements compared to a greenfield project.","length":155,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":155,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Strong Expansion Potential: In addition to tailings retreatment, the project site offers significant underground resource potential, providing scalability beyond Phase 1.","length":170,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":170,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Strategic Location: The P...