Could this newly discovered shipwreck contain 200 tonnes of gold?

Could this newly discovered shipwreck contain 200 tonnes of gold?

He also said a number of metal boxes were seen but not opened.

'Therefore whatever was discovered on board of the cruiser is inseparable from the overall value of the find'. According to The New York Times, one historian told Bloomberg in 2000 that it would have been safer to send the gold to the Russian Pacific port of Vladivostok by rail, as opposed to ship.

The firm said it is not related to Shinil Group.

The warship's identity was confirmed when one of the submersibles' crew read the name on its stern during an inspection.

"The body of the ship was severely damaged by shelling, with its stern nearly broken, and yet the ship's deck and sides are well-preserved", the company said.

"The three masts were broken and overturned, the two chimneys were broken, and there was a trace of bombardment on the side of the ship", said the statement. They say the treasure is in the form of gold bars that were to be payment to the crew members.

Companies from China, Canada and the United Kingdom are all helping the South Korean team raise the wreck, which will start in October. The Bank of Korea's 104 tons of gold reserves have been valued at around $4.8 billion, making it unlikely that 200 tons of gold would be worth $132 billion.

And with that the mystery of the final resting place of the Russian warship Dmitrii Donskoy was solved in the deep dark waters off the South Korean island of Ulleungdo more than 1400 feet down.

The remains of the ship are to be shown in a museum dedicated to the wreck.

The funds may be used for joint Russian Federation and South Korean projects, such as a railroad connecting Russian Federation with Korea.

He said the ship was "in remarkably good condition" considering the time it's been beneath the sea.

While not badly damaged in the battle itself, the ship fell behind the fleet and was attacked by the Japanese.

What followed became known as the Battle of Tsushima and was disastrous for Russian Federation, with 21 of its 38 ships sunk and 4,500 killed - compared to just three Japanese ships lost and 117 dead.

The Dmitrii Donskoi warship is believed to have sunk in a naval battle 113 years ago.

The Battle of Tsushima was "probably the most important battle in Japanese naval history", says David Schimmelpenninck van der Oye, a Brock University historian who studies Russian Federation. Captain Ivan Lebedev dropped anchor, and ordered the crew to alight on the island of Ulleungdo. Countries may either claim parts of treasures if the ships that carried them were state-owned or if the discoveries were made near their shores in territorial waters, as specified by United Nations treaties.

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