Baguio Yamashita Treasure Hunt Continues


March 15, 2017 – Several years later since Roger Rogelio Roxas excavated a large pile of treasure deposit somewhere around the area of the Baguio General Hospital (BGH), the City Council just recently gave permission to another treasure hunter Eliseo Cabusao Jr. Although, his mission is not to recover those treasures left behind by Roxas but to uncover another treasure deposit from a different site which is at the Baguio Convention Center (BCC).

Cabusao is strongly confident that buried somewhere around the premises of the BCC is a hidden Yamashita treasure.

The meeting between Cabusao and the City Council was a closed door which means, there were parts of their discussion that is not intended to be disclosed to the public.

Both parties came to an agreement but with some conditions involve. It is actually a set of conditions made more on the side of the City Council because what all Cabusao want was simply their permission to excavate the BCC site.

Cabusao has been granted the permission to excavate a hidden Yamashita treasure at the BCC provided that he allows the city government to watch or observe their progress on the actual site. If it happens that the item has been recovered, the city must be given a share from the loot.

This is how they divided their shares. The city government takes a greedy 35 percent and another 30 percent cut which will go to the National Government or specifically, the Philippine National Museum. The remaining 35 percent is what goes to Cabusao. Anyway, this could still be the best opportunity for Cabusao whereas, “it’s far much better to have something than nothing”.

Despite the permission given by the City Council to Cabusao, it doesn’t mean that he can work on the site for as long as he want. He was granted only sixty days to uncover the treasure. According to Cabusao, the deposit consists of truckloads of gold which indicates that it is a large deposit. This means that it is not an easy task to dig and find those items with a limited time of recovery.

In order to minimize the financial cost of the operation, Cabusao came up with an idea to simply drill a 10 centimeter hole on all of their prospected spots. As it gets deeper, they will increase the size of the hole to 30 centimeters then up to 80 centimeters on each stages depending on their observation if they seem to hit the right spot.

If it happens that they manage to hit the item, they will start the excavation process. But if none got hit, they will fill up the holes and fix the minor damages they incurred.

Cabusao’s Basis for Existence of the Hidden Yamashita Treasure

According to a source which is an online news article, Cabusao claimed that he came to know an old man who was a Japanese Soldier of the Imperial Army back in WW2. As a part of the JIA, he was assigned as one of the soldiers who helped buried truckloads of gold near the BCC lot. For some unknown reason, he told about it to Cabusao.

Of course, Cabusao cannot just rely on what the old man revealed to him. So he conducted several various methods of assessments on the site such as scanning and detecting to confirm if something is really buried on that place. The result of his assessments had even strengthen his level of confidence to pursue on recovering the treasure. And gladly, the City Council just gave him the permission to dig on a government property area.

What are the odds of Cabusao being able to recover the hidden treasure?

In my own opinion, I think “luck” plays an important role in recovering the buried treasure here due to their method which is by drilling holes. There are actually chances that they will miss their target. Unless, they are planning to drill a lot of holes around the area.

The use of scanners, electronic detectors or any other tools for pin-pointing the exact location of the deposit can also be inaccurate due to some varied reasons. If you have your own metal detector designed for deep penetration, you surely already have experienced a lot of “false signals” which is so pretty annoying. I mentioned this because it’s one of the aspects that motivated Cabusao’s confidence on his assessments to dig his prospected area.

My point here is that, rather than drilling they should immediately “start digging”. They should open up the surface and dig a large hole good enough for the crew to go down at deeper depths.


You have to know that by simply observing the soil, it can give you some good hints so as the rocks. Aside from the soil and rocks, you may also encounter various foreign objects such as glass bottles, metal scraps, tools and even human/animal skeletons. All of these are signs telling you that the portion you dug has been dug before and they are often clues that provide information as to where the deposit is located.

The scanner or electronic detector may also come into play by re-scanning the surface of the site for every level of depth that has been reached.

You might say, “This will cost Cabusao a lot of money for this project”.

It is indeed a very costly project and unfortunately, it is always the risk that a treasure hunter financier is willing to take. A well-funded financier will most likely offer the City Government a full renovation of the BCC. But of course, the share percentage will be different and its completion will take a much longer period of time.

Moreover, I do have a fellow treasure hunter who supported the existence of a hidden Yamashita treasure at the BCC. He mentioned about it just a few years ago but given the situation which is situated on a government property, we did not pursue it.

To tell you more about the site, BCC is one among the popular ghost hunted places in the Philippines. Numerous reports from different individuals shared their experiences of creepy and violent spirits around the place. What I think is that, they are troubled spirits guarding the treasure.