Seafarer Exploration Corp has finalized an agreement with Heartland Treasure Quest LLC (HTQ) for a third treasure site.
The company is focused on the archaeologically-sensitive exploration, documentation and recovery of historic shipwrecks with an emphasis on recovering treasure and understanding and documenting historical events surrounding shipwrecks.
HTQ has surveyed, explored, and researched the site and historical archives for over a decade. Seafarer will now start the application process for another salvage permit.
Kyle Kennedy , CEO of Seafarer, stated, "We are continuing our plans of expansion to build shareholder value and increase our probabilities of success. We want to continue to emphasize the academic importance of excellent archaeology and reporting with the projects we have been given the responsibility to complete. And, in line with that, we wish to thank the archaeologists and biologists at HTQ for their commitment to professional standards. Seafarer and the Florida Bureau of Archaeological Research are committed to the very highest professional archaeological standards. Seafarer is now in the research stage for future wreck sites number 4 and 5."
Thomas Funk , Project Archaeologist, commented "We are happy to be partnered with Seafarer, a company that has continually demonstrated a commitment to historical documentation and achieving the highest environmental standards and archaeological conservation of our state history."
The principal business of Seafarer is to develop the infrastructure necessary to engage in the archaeologically-sensitive exploration, documentation, and recovery of historic shipwrecks. The company has primarily focused on efforts to locate and recover artifacts and cargo from what is believed to be a sunken Spanish ship off the coast of Juno Beach, Florida. Management believes that if artifacts and cargo are recovered, a portion of the recovered items will be in the form of treasure such as dated coins, gold and silver bullion, and emeralds. Additionally, the company says it has also been mapping and surveying their second site off of Lantana Beach, Florida, with positive results.