Chilco River Holdings Enters $115M High-Value Gold JV with Near-Term Production, Long-Term Growth Potential

Rhea-AI Summary

Chilco River Holdings (OTC Pink: CRVH) has entered into a Joint Venture Agreement with Mine CA Gold Ltd. to reprocess gold mining tailings in the Philippines. The project contains an estimated 1.7 million tons of tailings with a gross metal value of $115 million ($100M in gold, $15M in silver).

The site, located 200 kilometers southeast of Manila, historically produced 290,000 ounces of gold over 10 years. Production is expected to commence within 90 days, leveraging existing infrastructure for low-capital requirements. The project offers additional underground resource potential beyond the initial tailings reprocessing phase.

Positive

• Fast-track to revenue with production expected within 90 days
• Low capital requirements due to existing infrastructure
• Significant resource value of $115M in gold and silver
• Additional growth potential through underground resources
• Strategic location in mining-friendly jurisdiction

Negative

• Operating in a foreign jurisdiction may pose regulatory risks
• Project success depends on historical data accuracy
• Commodity price fluctuations could affect projected values

News Market Reaction – CRVH

-3.57%

1 alert

-3.57% News Effect

On the day this news was published, CRVH declined 3.57%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 strategic entry into gold production with significant near-term revenue potential and long-term upside.

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.

Key Highlights:

• Fast-Track to Revenue: Gold and silver production is expected to commence within 90 days following the refurbishment of existing on-site equipment.

• Low-Capex, High-Upside: Initial production leverages existing infrastructure, significantly reducing capital requirements compared to a greenfield project.

• Strong Expansion Potential: In addition to tailings retreatment, the project site offers significant underground resource potential, providing scalability beyond Phase 1.

• Strategic Location: The Philippines remains a mining-friendly jurisdiction with a skilled labor force and established logistics infrastructure.

Chilco views this venture as a high-impact opportunity to generate early cash flow, enhance portfolio diversification, and drive long-term shareholder value. By partnering with seasoned, operationally focused mining professionals, Chilco is positioning itself to unlock meaningful value in a capital-efficient manner. This initiative is aligned with Chilco's disciplined strategy of selectively entering sectors that demonstrate strong market fundamentals, near-term development potential, and scalable growth opportunities.

About Chilco River Holdings, Inc.

Chilco River Holdings, Inc. is a strategic holding company and business accelerator focused on building long-term value through the acquisition, development, and growth of diversified businesses. With a core emphasis on the premium alcoholic beverage sector, Chilco River specializes in high-quality spirits and innovative ready-to-drink (RTD) products. The Company leverages operational expertise, brand development capabilities, and strategic partnerships to drive sustainable growth across its portfolio.

For media or investor inquiries, please contact:
Investor Relations
Chilco River Holdings, Inc.
Email: info@chilcoriver.com
Website: www.chilcoriver.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256764

FAQ

What is the value of Chilco River Holdings' new gold joint venture?

The joint venture involves tailings with an estimated gross metal value of $115 million, comprising $100 million in gold and $15 million in silver based on current market prices.

When will CRVH begin gold production at its Philippines project?

Production is expected to commence within 90 days following the refurbishment of existing on-site equipment.

How much gold was historically produced at CRVH's new mining site?

The original mine produced 290,000 ounces of gold over a 10-year period.

What is the size of CRVH's gold tailings resource in the Philippines?

The site contains an estimated 1.7 million tons of tailings located approximately 200 kilometers southeast of Manila.

What are the expansion opportunities for CRVH's Philippines gold project?

Beyond the initial tailings retreatment (Phase 1), the project site offers significant underground resource potential for scalable growth.