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12/05/22 8:06 AM

#69900 RE: sctts #69899

I guess it only takes a single day…….

to scan a site if the currents aren’t too strong. Didn’t they say that was an issue several months ago?

The Company believes it is possible the Juno Beach Shipwreck site may potentially contain remnants of a sunken 1500s era ship; however, the Company does not have definitive evidence of the ship’s country of origin. Due to the fact that the Company does not currently have sufficient data to positively identify the potential Juno Beach shipwreck, or its country of origin, it is not possible to determine whether or not the ship was originally carrying cargo of any significant value.

With data from the Master Site Plan from entries by a Florida state archaeologist from 1988 who has since retired, which were withheld from Seafarer for several years, Seafarer feels more confident a 1500s era shipwreck is quite possibly within our Admiralty Claim in Juno Beach, although we do not know whether it contained anything of value. The Company has determined that a large portion of the magnetometer survey of the Juno Beach Shipwreck site that was originally provided by the Company’s past partner on the site was intentionally deleted. A lot of shipwreck material and remnants including pottery, cannon balls, musket balls, ballast stones, nails, spikes, wood and scattered pieces of a sunken ship have all been found in the deleted area of a magnetometer survey.

The Company will attempt to complete a SeaSearcher survey of the entire deleted area when certain conditions are met. There is also a possibility that there are no artifacts of significant value located at the Juno Beach shipwreck site. Even if there are valuable artifacts and/or treasure located at the site, recovering them may be difficult due to a variety of challenges that include, but are not limited to; inclement weather, hazardous ocean conditions, large amounts of sand that cover large areas of the site, strong multiple layer currents etc.