Sunken ship carrying treasures worth billions of dollars discovered after 300 years

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Colombian President announced the discovery but did not spare the exact location of the shipwreck.

In a gleeful announcement, Colombian President Juan Manuel Santos revealed the ground-breaking discovery of a Spanish galleon that sank in the Colombian coast 300 years ago and is rumored to be carrying treasures worth of billions of dollars.

President Santos made the announcement in his Twitter account:

Great news! We have found the San Jose galleon. Without a doubt, without room for any doubt, we have found, 307 years after it sank, the San Jose galleon.

However, President Santos said in a press conference last December 5 that for security purposes, he will not be revealing the exact location of the shipwreck and how it was discovered.

Despite of this, President Santos promised that Colombia will be building a museum open to public in Cartagena to show the artifacts that will be recovered from the shipwreck.
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The discovery caused a stir, especially among the historians because San Jose galleon is believed to be laden with treasures worth billions of dollars. As a matter of fact, it was dubbed as the 'largest treasures ever to have been lost at sea'. According to speculations, it contain gold and jewels which could amount to billions of dollars.

San Jose galleon sank near the port city of Cartagena on 1708. It was part of Spain's King Phillip V's fleet while Spain fought against Britain during War of Spanish Succession. The galleon was trying to outrun British warships but unfortunately, it exploded for unknown reasons and killed 600 of its crew.

On the other hand, Colombia will be facing $17 billion charge for breach of contract with Sea Search Armada (SSA). The latter claimed that the former was not granted right to salvage the shipwreck.

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XOLXOL: Sunken ship carrying treasures worth billions of dollars discovered after 300 years
Sunken ship carrying treasures worth billions of dollars discovered after 300 years
Colombian President announced the discovery but did not spare the exact location of the shipwreck.
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