BOGOTA, Colombia—Colombia’s president stated searchers have identified the wreck of a Spanish galleon that was sunk more than 300 a long time ago although carrying a big cargo of gold and cherished stones.
A Twitter TWTR -3.40 % information from President Juan Manuel Santos suggests much more specifics about the discovery will be introduced Saturday. In his tweet, he explained: “Great news: We found the galleon San Jose.”
The ship was sunk in an attack by the British in 1708 and has been submerged off the coast of Baru in what is now Colombia around the Rosario Islands. It is considered to have been carrying 11 million gold coins, jewels and 600 men and women.
The misplaced galleon and its cargo have been the topic of a lengthy legal battle amongst Colombia’s authorities and the salvage company Sea Look for.