- A treasure hunter was allowed by Baguio City council to search for the fabled Yamashita treasure in the city
- The city will get a percentage of the treasure if found
- The treasure hunter was given 60 days to hunt for the gold
A treasure hunter was allowed by the Baguio City Council to conduct a hunt for the fabled Yamashita treasure at the heart of the city.
According to the Manila Bulletin, after a closed-door meeting with treasure hunter Elisep Cabusao, the city councilors gave their collective nod to all stages of the treasure hunt on conditions that they will be allowed to view the actual extraction and that the city will get a percentage of the treasure believed to be buried underneath the Baguio Convention Center.
A 35-35-30 sharing scheme was devised by the city council – 35% for Baguio City, 35% for the national government through the National Museum and the rest will be for the treasure hunter and his team.
Cabusao is the only treasure hunter given a special permit by the National Museum. The Treasure Hunting and Disposition of Recovered Treasure Permit supersedes local laws.
The treasure hunter was given 60 days to dig for the Yamashita treasure. The digging process, Cabusao claimed, will not be invasive to the environment. He explained that a 10-centimeter hole will initially be drilled on a certain spot and will progress to 30 centimeters up to 80 centimeters if the presence of gold is detected.
“If none, then we quickly cover the hole with the same soil our drilling would have taken out,” he said.