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Firm completes phase of SS Central America recovery

Odyssey Marine Exploration, a pioneer in the field of deep-ocean exploration, announced it has completed the current phase of the recovery operations on the SS Central America shipwreck project.

In addition to more than 15,500 gold and silver coins, 45 gold bars and hundreds of other gold nuggets, gold dust, jewelry and artifacts recovered from the shipwreck site over the past five months, an extensive amount of knowledge has been gained about the formation of the site.

Significant sections of ship's structure, associated cultural heritage artifacts and coins were located some distance from the main shipwreck area, requiring excavation over a large area.

Sizeable areas remain to be inspected and excavated outside the main shipwreck.

"The recovery and survey work we completed on the site over the last 60 days has dramatically increased our knowledge of the extent and orientation of this wreck site," commented Mark Gordon, Odyssey's president and COO. "We now know that a significant amount of work remains to be performed in the debris field before this project can be considered completely processed. We hope to return to the Central America site before the end of the 2015 season depending on conclusions drawn from the analysis that will be completed over the next several months."

Click here for the full announcement.