About three years ago, when I was working in a large commercial laboratory, a customer came in with a roll of Verichrome Film, in 116 or 616 size (I think). Anyway, he wanted it developed. I called Kodak, and they were able to tell me that this film in that format was last manufactured around 1953.(posted 9138 days ago)What I did was to guess at a development time. The film was run through a rack-and-tank (or dip-and-dunk, if you prefer) film processor; the developer was HC-110(B)@ 68:F. I don't recall the development time, but it was probably around eight minutes.
The resulting negatives had a very heavy base-plus-fog, but there were images! The customer ordered a contact sheet, and we were able to get a very respectable result using a high-contrast filter on VC paper.
When the customer saw the images, he went ape! There were pictures of long-dead family members, including his GRANDFATHER, wearing short pants!
So, yes, I would try and develop that film. What have you got to loose?