JACKSONVILLE, FL, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Joint venture partners Blue Water Ventures International, Inc. (OTCPK: BWVI) and Endurance Exploration Group, Inc. (OTCQB: EXPL) are pleased to announce that the crew of the Blue Water Rose has put their first gold coins and additional silver coins on the decks! The coins were recovered from a steamship wreck believed to be the steamship Pulaski which sank June 14, 1838.
BWVI Marine Archaeologist, James Sinclair, accompanied the crew and dove the site earlier this month. Mr. Sinclair, MA, states, "The fact that even in this highly damaged area the crew of the Blue Water Rose are making recoveries of coins is very telling. This evidence supports the reports at the time of her sinking that valuables, including gold and silver, were onboard the Pulaski when she sank almost 180 years ago. Coins from these dates are extremely valuable in the collector marketplace."
The main area of the wreck lies under approximately two to three feet of sand overburden. Blue Water Rose divers noticed a small depression in the sand, and used a metal detector at close range to scan the area. After hand fanning the sand one gold coin was discovered. With further fanning a total of 14 gold coins and 24 silver coins of various origin and dates was recovered. All coins were brought to the deck for immediate conservation. Also recovered was a fascinating, small brass key and ceramic ware. Blue Water divers and Endurance personnel have been on the wreck site for approximately two months, and continue to work as weather permits.
About Blue Water Ventures International, Inc.:
The Company is engaged in the business of conducting archaeologically-sensitive recoveries of cargo and artifacts from shipwrecks. Its operations to date have focused on shallow water search and recovery projects in less than 150 feet of water. The Company is now expanding its focus to include deep-water salvage of historic and modern-day shipwrecks. For more information go to http://www.bwvint.com or on Facebook at www.facebook.com/BlueWaterVenturesInternational.
About Endurance Exploration Group, Inc.:
Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search, survey and recovery of lost ship containing valuable cargoes. Over the last 5 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world oceans. For more information go to www.eexpl.com or on Facebook at www.facebook.com/EnduranceExplorationGroup.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements are subject to certain risks and uncertainties including, but not limited to: ability to further strengthen our balance sheet, ability to raise funding for continued operations, ability to successfully and profitably locate additional wrecks and cargo, ability to establish ownership, and other factors. Therefore, actual results may differ materially from those indicated or implied by such forward-looking statements. Except as required by law, the Company disclaims any obligation to publicly update such statements.
Endurance Exploration Group, Inc.