Treasure Hunting – Shipwrecks

HMS Sussex – Waiting on Sunken Treasure Worth Billions

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“GIBRALTAR (22 May 2005) — The British warship HMS Sussex, lost in a storm off Gibraltar in 1694 with billions of dollars worth of gold bullion and 500 seamen, will have to stay lost a little longer.

…”We’d all like to see the Sussex project move ahead, but we have other projects that could prove as valuable,” says Odyssey co-founder Greg Stemm. He says the company plans to return to the Sussex later in the year.

The ease with which the firm has shifted operations to other sites is a testimonial to how many potentially lucrative shipwrecks litter the floor of the Mediterranean, and how successful the firm’s advanced deep-water search technology has been in locating them.”

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