Tampa, FL – September 20, 2012 – Odyssey Marine Exploration (NasdaqCM: OMEX), pioneers in the field of deep-ocean exploration, today announced that the company has received project approval and salvage contracts from ship owners for a major multi-year commodity shipwreck program with a potential total recovery value of more than $230 million based upon current commodity prices and related assumptions. The company has negotiated salvage contracts with ship owners that will award 90% of the net recovered cargo value to Odyssey for four separate deep-ocean shipwrecks carrying valuable commodities when they sank. There are additional valuable shipwrecks that do not require salvage agreements that can be added to the program and undertaken while Odyssey has a ship and equipment nearby.
Planning is underway to assemble the necessary ship and equipment for the recovery of these cargoes, which is targeted to begin as early as the second quarter of 2013. Search operations are anticipated to be completed very quickly with the recovery vessel so operations can flow directly from confirmation to cargo recovery. In addition, Odyssey has received an expression of interest from an investment group interest in providing non-dilutive funding to take the project to the stage where it will generate positive cash flow. Odyssey will evaluate this proposal, other potential non-dilutive options, and the possibility of self-funding the operation to determine the best course of action for long-term shareholder value.
TONGA, SOUTH PACIFIC - Kylie Maguire has worked on Ice for four months, a boat owned by wreck-hunting company Tonga Blue. This year the company has been working with the Tongan Government to uncover the area's "hidden maritime past".
The 29-year-old is an experienced diver, surfer, photographer and conservationist.
Kylie's father, Mike Maguire, yesterday told The Northern Star he was told on Monday afternoon his daughter had been attacked by a shark while swimming with another woman, Kim Hands.
"Kylie told me that she didn't see the shark, but it hit hard on her thighs and buttocks," he said.
"She was fighting it ... she doesn't really remember what happened next but then she was back in the kayak."
Doctors who treated Kylie in Tonga estimated the length of the shark to be 3m, with teeth about 25mm across and a 40-45cm bite circumference,
It was possibly a bull shark.
Mr Maguire and his wife, Denise, were originally told that Kylie would recover well in the Tongan hospital.
TAMPA, Fla., Sept. 11, 2012 (Press Release) -- Odyssey Marine Exploration (Nasdaq:OMEX), pioneers in the field of deep-ocean exploration, today announced that the chartered vessel working on the SS Gairsoppa project, the Seabed Worker, will make a scheduled port call in Cork, Ireland, beginning September 12, 2012. After taking on fuel, supplies and changing personnel, the Seabed Worker will immediately return to the site to continue recovery operations under an extension of the charter agreement.
No materials recovered from the shipwreck site will be landed during this port call in Ireland. Pursuant to Odyssey's agreement with the UK Government, the company will not comment on the status of operations or recovery of cargo until any additional silver recovered has been transported to the secure facility in the United Kingdom.
"As with our port call in August, making our regularly scheduled crew change in Ireland instead of the UK allows us to spend an additional two, or more, working days on the site. As the weather conditions tend to become less friendly in the North Atlantic as we get closer to October, every additional day of operations is important," said Mark Gordon, Odyssey President and COO. "The processing of the silver delivered in July remains on schedule with the first portion available for sale in September. We expect all processing of the silver recovered to date to be completed during the fourth quarter. We're delighted by the recent move in silver prices. If they hold or continue to increase, it will significantly boost the value of this project."
PUNTA CANA, Dominican Republic, Sept. 6, 2012 /PRNewswire/ -- The most important shipwreck of its kind dating from the 1500s was recently discovered by Anchor Research & Salvage SRL.
According to noted pewter expert Martin Roberts "Pewter finds from the 2012 diving season continue to support present hypotheses on date and origin while also surprising collectors and challenging orthodox knowledge of the mid-16th Century pewter trade. The quantity of pewter now recovered definitely makes this the largest single cache ever discovered."
Recovery and preservation efforts are ongoing, according to Robert H. Pritchett, CEO of Anchor Research & Salvage SRL & Global Marine Exploration, saying "…many more discoveries are likely as we bring the latest technology and our full resources online. We've only just scratched the surface."
About Global Marine Exploration, Inc.
Global Marine Exploration, Inc. (GME), a C Corp. is a privately held company headquartered in Tampa, FL. Visit: www.gmexploration.com
Anchor Research & Salvage SRL is a Global Marine Exploration Inc. company working in conjunction with the Punta Cana Foundation & Sub Aquatic office of the Minister of Culture Dominican Republic.
EVP, Director of Communications
809 848 9985
SOURCE Global Marine Exploration, Inc.
Post your comment
(PRWEB) Press Release
The Gold Prospectors Association of America will hold its Gold & Treasure Show Sept. 15-16 in Butte, Montana. The show will feature gold-panning contests as well as seminars led by experienced prospectors.
With the price of gold hitting record highs last year, GPAA President Brandon Johnson said gold fever is definitely rising and memberships to the organization have shown substantial growth over the last year.
“Spiking gold prices are sometimes the deciding factor to turn off the TV and actually go gold prospecting to experience it for yourself. A quarter-ounce or pennyweight of gold is worth a lot more now than it used to be,” Johnson said.
“Prospecting isn’t necessarily all about having the gold. It’s as much about finding it,” he said, adding that for many members the thrill is enjoying the outdoors with family and friends.
The Gold & Treasure Show in Butte will feature vendors and displays of gold nuggets, jewelry and prospecting equipment such as metal detectors, drywashers, spiral gold pans, dredges and highbankers.
Showgoers over 18 years of age will get a chance to win a two-week Alaska Gold Expedition trip to GPAA’s famous Cripple River gold prospecting camp near Nome, Alaska. The event will run Saturday, Sept. 15 from 9 a.m. to 5 p.m. and Sunday, Sept. 16 from 9 a.m. to 4 p.m. at Butte Civic Center, 1340 Harrison Ave. Butte, MT 59701.
Admission is $5. Children 12 and under admitted free. The first 100 paid attendees will receive a free vial of placer gold. Tickets are available at the door. To pre-register online and get in free, go tohttp://www.goldandtreasureshows.com.
To find out more about gold prospecting, gem and treasure hunting or how to contact a local GPAA chapter in your area, visithttp://www.goldprospectors.org or call (800) 551-9707.
The Gold Prospectors Association of America is the producer of “Gold Fever“ and “Alaskan” TV shows on Outdoor Channel and the publisher of Gold Prospectors magazine and the Pick & Shovel Gazette.
The GPAA has more than doubled the number of Gold & Treasure Shows on its nationwide tour from nine last year to 20 shows in 2012. There are 6 shows remaining this year:
2012 Gold & Treasure Shows
Butte, MT September 15 – 16, 2012
Denver, CO September 22 – 23, 2012
Mesa, AZ September 29 – 30, 2012
St. Joseph, MO October 13 – 14, 2012
Dayton, OH October 20 – 21, 2012
Spartanburg, SC October 27 – 28, 2012
Post your comment
Westminster prospector Joe Fortunato has been on the hunt for gold for the past eight years. He says he plans to hold on to his recent find in Alaska. ( RJ Sangosti | The Denver Post)
Joe Fortunato traveled to Alaska this summer to prospect for gold and hit a cache that yielded nearly 30 ounces for him and his three friends.
"I was in total disbelief," said Fortunato, a Westminster small-business owner.
Thanks to a bad economy, unemployment and the high price of gold, prospecting has become popular in recent years.
For Fortunato, the fascination started eight years ago when he was watching TV.
"I was sitting in my easy chair, surfing the channels, when I see this guy gold-prospecting," he said of "Gold Fever" on the Outdoor Channel, hosted by Tom Massie. "At first, I thought, 'Boy, this is kind of hokey.' "
But then he got hooked.
He watched the show every week, joined Gold Prospectors of the Rockies, read endlessly about how to find gold with a metal detector and got a claim up near Leadville.
"As the years went by, I learned more and more," he said. "I got a whole new circle of friends."
He got to know some die-hard prospectors, guys who had found gold in the Australian outback, or made 19 trips to Alaska hunting gold. One day, three of them invited him to join them on a trip to Nome, Alaska, where they planned to prospect at an abandoned mine.
He jumped at the opportunity. Alaska, the site of many 19th-century gold rushes, sparked his imagination.
by Loren Webb
(Kane County, UT) - Using a map he had obtained from Mexico, Freddie Crystal believed he could find Aztec treasure in Johnson Canyon, East of Kanab, in Kane County, Utah. In 1920, Crystal started poking around the rugged slopes of the White Mountains in Johnson Canyon, with the hope of discovering the hiding place of what he said was Montezuma's Treasure. According to Author George Thompson, in his book, "Some Dreams Die" Crystal's map described a place where ancient Petro glyphs would point the way to a canyon with four branches surrounded by four mountains, one each on the east, west, north and south. In the center was another mountain where the treasure was apparently hidden. Everything on the map was found in Johnson Canyon, and White Mountain fit the description of the Treasure Mountain perfectly, Thompson wrote. With the help of almost every man from the surrounding towns, Crystal started his search. A tent city of treasure hunters sprung up in Johnson Canyon as everyone hurried to help find the treasure. Just as the map revealed, ancient hand cut steps were discovered leading up the mountain face. A man-made shaft was found, almost concealed with closely fit granite blocks cemented into place. To add to the mystery, the cement blocks were made of find sand found many miles away in New Mexico. When the granite wall was dug away, a 14 foot tunnel was discovered, but 60 feet from the surface another granite wall was located, it was removed and a maze of tunnels and shafts were found, along with some deadly booby traps. Huge, delicately balanced boulders would fall without warning. Man-made cement floors and side tunnels blocked by hard granite walls severely slowed the search. After two years of searching, nothing was found and disappointment set in. People went back to their daily routines and Crystal disappeared. But while it lasted, the search for Montezuma's Treasure captivated the local townspeople.
Post your comment
A significant archaeological finding, a gold coin, has been reported discovered underwater in the area between Limassol and Larnaca by a local amateur fisherman. According to Cypriot authorities, the coin is of great value.
Cypriot media reported that it dates back to the first century A.D. and depicts the third Roman emperor called Caligula, well-known for his fierce and brutal policy during his reign. On this coin, Caligula is sacrificing an animal before the Temple of Augustus, which is constituted by six pillars.
Many coins of the same age have been found over the course of time, but this one is regarded among the most significant because it’s made of gold. Representatives of the Nicosia Archaeological Museum of Cyprus stated that such a finding enriches cultural heritage of the broader region, and may provide archaeologists with important information on ancient Cyprus’ trade. Moreover, the area, where the golden coin was found, could reveal more clues concerning the coin’s origin and the way it ended up in Cyprus, they said.
Courtesy Greek Reporter
Post your comment
LINDA TYSSEN staff writer
AURORA, MN — Ron Landa was visiting on chatroom with a young woman with a life-threatening illness. She was feeling a sense of hopelessness, of despair, that her dreams had been shattered.
“I told her, ‘If you don’t have your dreams, you don’t have anything’,” Landa said in a recent interview.
The 56-year-old Aurora man has dreams of his own — even as he faces terminal colon cancer. He and his wife of many years, Karen Landa, like to spend their time looking for hidden treasures on beaches and he recently was presented a metal detector by the Dream Foundation, similar to the Make-a-Wish Foundation for children with terminal illnesses.
Landa was diagnosed with colon cancer in September 2010. “I don’t know how much time I have left,” Landa said. “I really don’t want to know.”
His mother, Barbara Ramme of Virginia, found the information about Dream Foundation on the Internet. “What my dream was and had been for quite a while was a couple metal detectors for my wife and I,” Ron Landa said. “I retired and figured we would go out and play. I never got the opportunity because of this cancer. I thought I’d have all the time in the world. It turns out I don’t.”
Belleville wreck hunter Ed Burtt is anxious to start recovering artifacts from the bottom of Lake Ontario near Brighton where HMS Speedy disappeared during a fierce storm in 1804.
Carola Vyhnak, Special to the Star
BRIGHTON, ONT.—She was in trouble from the start. Rotting and full of leaks, His Majesty’s Ship Speedy was in no shape to sail Lake Ontario, much less carry the who’s who of Upper Canada from York to Newcastle, 150 kilometres away.
But over the captain’s protests, the 80-foot warship was forced to make the trek east for an important murder trial in October of 1804. Battling a sudden, vicious storm, she struck rock lurking beneath the waves and sank, taking everyone on board to an icy death.
Two centuries later and 22 years after finding her remains off Presqu’ile Point in Brighton, 90 minutes east of Toronto, wreck hunter Ed Burtt believes it’s high time the artifacts were recovered so everyone can appreciate a little-known part of Canada’s heritage.
- Artifact club: on the trail of historical treasures
- Discovering the Westmoreland Treasure Ship
- Divers find wreck thought to be famous 19th-century pirate ship
- British Explorer Closes In On Legendary 'Treasure Of Lima'
- Woman’s hobby leads to detecting history
- Saxon treasure unearthed by novice detector
- Silver worth $38 million recovered from shipwreck
- Silver treasure found at Swedish shipwreck