Video Related To: Wreck of WWII British cargo ship SS Gairsoppa found with $37-million of silver

AviationExplorer.com - US salvage company Odyssey Marine Exploration Inc said on Monday it had found the sunken wreckage of a British cargo ship filled with silver in the Atlantic Ocean, where it was torpedoed by the Germans during the Second World War. The wreckage of the SS Gairsoppa was found in international waters 300 miles off the coast of Ireland, at a depth of 15510 feet, the Tampa, Florida, company said. The Gairsoppa sank on Feb. 17, 1941, after it was hit by a torpedo from a German U-Boat. Only one of the 85 men on board survived. The 412-foot ship was carrying cargo for the British Ministry of War Transportation when it was sunk. Its cargo included about 7 million ounces of silver, the company said in a statement, which would make it the largest known cargo of precious metal ever recovered from the sea. Odyssey Marine was awarded a salvage contract by the British government in 2010. Under the contract, the company will retain 80 percent of the net salvaged value of the silver bullion. The ship was located using sonar, and a remotely controlled vehicle was used to send pictures of the wreckage to the surface. Recovery operations are expected to begin in the spring, the company said. Odyssey Marine has been in a legal battle with Spain over 500000 gold and silver coins it discovered in the Atlantic Ocean in 2007. Spain says the coins came from a Spanish ship that sank in 1804, Nuestra Senora de las Mercedes. A US appeals court ruled last week that US courts had <b>...</b>