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Gold/Mining/Energy : OMEX - Odyssey Marine Exploration Inc

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To: ChrisJP who started this subject11/9/2003 11:27:23 AM
From: ChrisJP  Read Replies (1) of 61
 
<font color=orange> THEY FOUND THE GOLD !!!!!!!!! </font>

story.news.yahoo.com

U.S. National - AP
Explorers Find Gold in Shipwreck Off Ga.
Sat Nov 8, 8:53 AM ET Add U.S. National - AP to My Yahoo!


SAVANNAH, Ga. - After searching the ocean for more than 10 years, marine explorers found crates of gold this week at the site of a Civil War-era shipwreck about 100 miles east of Savannah.



Archeologists and technicians from Odyssey Marine Exploration, Inc., on Thursday found 80 gold coins and at least two wooden crates of gold coins buried in the sediment, said company spokeswoman Laura Lionetti Barton.

The gold's worth is not yet known, said Barton, who added the old coins must still be lifted very carefully from the ocean floor.

"We don't want to scratch them," Barton said.

Though Barton declined specific estimates Friday, she suggested last week that coins from the shipwreck could be worth more than $120 million.

Barton said Saturday that her company has been awarded temporary legal custody of all that is recovered from the shipwreck and is confident it will gain a 100-percent salvage award. "We anticipate marketing the coins and the cargo," she said.

In August, Odyssey's salvage crews found what they believed was the site where the side-wheel steamer SS Republic sank during a hurricane in 1865, Barton said.
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