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Odyssey Marine Exploration
, pioneers in the field of deep-ocean exploration, today provided
an operations update on several projects.
Due to current weather conditions in the North Atlantic and the previous
commitment of the Seabed Worker to another charter, operations on the SS
Gairsoppa and SS Mantola shipwrecks have been deferred until weather in the
area is appropriate for operations in the second quarter of 2013. The ship is
offloading approximately 17,000 additional ounces of silver and other
artifacts in Falmouth before it continues on to Norway to conclude the
charter. This additional silver bullion, originally thought to indicate
another area of the ship containing silver cargo, was the only additional
silver found in the areas inspected since offloading the first cargo of
silver.
Work on the project aboard Seabed Worker began on June 4, 2012. During the 83
operational days (days not affected by weather delays, transit or time in
port) of this period, the Odyssey team surgically opened and cleared
approximately 70% of the holds and compartments of the SS Gairsoppa which were
suitable for transporting silver cargo. These areas were opened and inspected
using the ROV controlled hydraulic shears, deck removal tool and small grab
system operated from nearly three miles above the shipwreck site. During these
operations, a total of 1,218 silver ingots, which are expected to yield
approximately $44 million at current silver prices, were recovered from the SS
Gairsoppa as well as several hundred artifacts which have been declared to the
UK Receiver of Wreck. Based on experience and data gained this season, and
armed with improved tools and technology, it is expected that the rest of
these areas can be searched and cleared within 30-45 operational days upon
Odyssey's return to the site.
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