Chilco River Holdings Enters $115M High-Value Gold JV with Near-Term Production, Long-Term Growth Potential
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.
Chilco River Holdings (OTC Pink: CRVH) ha stipulato un Accordo di Joint Venture con Mine CA Gold Ltd. per il riprocessamento delle scorie di estrazione dell'oro nelle Filippine. Il progetto comprende circa 1,7 milioni di tonnellate di scorie con un valore lordo dei metalli di 115 milioni di dollari (100 milioni in oro, 15 milioni in argento).
Il sito, situato a 200 chilometri a sud-est di Manila, ha prodotto storicamente 290.000 once d'oro in un decennio. La produzione dovrebbe iniziare entro 90 giorni, sfruttando l'infrastruttura esistente per contenere i costi di capitale. Il progetto presenta inoltre un potenziale di risorse sotterranee aggiuntive oltre la fase iniziale di riprocessamento delle scorie.
Chilco River Holdings (OTC Pink: CRVH) ha firmado un Acuerdo de Joint Venture con Mine CA Gold Ltd. para reprocesar relaves de minería de oro en Filipinas. El proyecto contiene aproximadamente 1,7 millones de toneladas de relaves con un valor bruto de metales de 115 millones de dólares (100M en oro, 15M en plata).
El sitio, ubicado a 200 kilómetros al sureste de Manila, produjo históricamente 290.000 onzas de oro durante 10 años. Se espera que la producción comience en 90 días, aprovechando la infraestructura existente para minimizar los requerimientos de capital. El proyecto también ofrece potencial adicional de recursos subterráneos más allá de la fase inicial de reprocesamiento de relaves.
Chilco River Holdings (OTC Pink: CRVH)는 Mine CA Gold Ltd.와 필리핀에서 금 광산 폐석을 재처리하기 위한 합작 투자 계약을 체결했습니다. 이 프로젝트에는 약 170만 톤의 폐석이 포함되어 있으며, 금속 총 가치는 1억 1,500만 달러입니다(금 1억 달러, 은 1,500만 달러).
현장은 마닐라에서 남동쪽으로 200킬로미터 떨어진 곳에 위치해 있으며, 과거 10년간 29만 온스의 금을 생산했습니다. 기존 인프라를 활용하여 낮은 자본 비용으로 90일 내에 생산을 시작할 예정입니다. 이 프로젝트는 초기 폐석 재처리 단계 외에도 추가적인 지하 자원 잠재력을 제공합니다.
Chilco River Holdings (OTC Pink : CRVH) a conclu un accord de coentreprise avec Mine CA Gold Ltd. pour retraiter les résidus d'exploitation aurifère aux Philippines. Le projet contient environ 1,7 million de tonnes de résidus avec une valeur brute en métaux de 115 millions de dollars (100 M$ en or, 15 M$ en argent).
Le site, situé à 200 kilomètres au sud-est de Manille, a historiquement produit 290 000 onces d'or sur une période de 10 ans. La production devrait débuter sous 90 jours, en utilisant les infrastructures existantes pour minimiser les besoins en capital. Le projet offre également un potentiel supplémentaire de ressources souterraines au-delà de la phase initiale de retraitement des résidus.
Chilco River Holdings (OTC Pink: CRVH) hat eine Joint-Venture-Vereinbarung mit Mine CA Gold Ltd. zur Wiederaufbereitung von Goldbergbaurückständen auf den Philippinen geschlossen. Das Projekt umfasst geschätzte 1,7 Millionen Tonnen Rückstände mit einem Bruttometallwert von 115 Millionen US-Dollar (100 Mio. in Gold, 15 Mio. in Silber).
Die Anlage, 200 Kilometer südöstlich von Manila gelegen, hat in der Vergangenheit über 10 Jahre 290.000 Unzen Gold produziert. Die Produktion soll innerhalb von 90 Tagen beginnen, wobei vorhandene Infrastruktur genutzt wird, um die Kapitalanforderungen gering zu halten. Das Projekt bietet zudem zusätzliches Potenzial für unterirdische Ressourcen über die anfängliche Rückstandsaufbereitungsphase hinaus.
- 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
- Operating in a foreign jurisdiction may pose regulatory risks
- Project success depends on historical data accuracy
- Commodity price fluctuations could affect projected values
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
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
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