Gold Treasure

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Wreck of renowned British warship found

Feb. 1, 2009 08:32 AM
Associated Press
TAMPA, Fla. – Florida deep-sea explorers who found $500 million in sunken treasure two years ago say they have discovered another prized shipwreck:

A legendary British man-of-war that sank in the English Channel 264 years ago.
Odyssey Marine Exploration hasn't found any gold this time, but it's looking for an even bigger jackpot. The company's research indicates the HMS Victory was carrying 4 tons of gold coins that could be worth considerably more than the treasure that Odyssey raised from a sunken Spanish galleon in 2007, co-founder Greg Stemm said ahead of a news conference set for Monday in London.

So far, Odyssey has recovered two brass cannons from the wreck of the Victory and continues to examine and map the debris field, which lies about 330 feet beneath the surface, Stemm said. The company said it is negotiating with the British government over collaborating on the project.


The HMS Victory was returning from Lisbon, Portugal, and was probably transporting 100,000 gold Portuguese coins for merchants, according to Odyssey's research. The ship had sailed there to help rescue a Mediterranean convoy blockaded by the French in the River Tagus at Lisbon
 
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