The No. 2 Major BLIS Catalyst - Brand New Magnetometer
Treasure & Shipwreck Recovery, Inc. Obtains State-of-the-Art Magnetometer to Aid in Treasure Hunting Efforts
ST. PETERSBURG, Fla., Sept. 19, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), currently trading on the OTC market under the ticker symbol BLIS, announces that its brand-new cesium magnetometer was delivered today. The following is an explanation of what this means by TSR chief operating officer and internationally known shipwreck expert Dr. E. Lee Spence:
“This isn’t an off-the-shelf item that you can buy at your local dive shop or treasure hunting store. It’s a state-of-the-art piece of scientific equipment, costing almost $40,000.
Our new magnetometer is a model G882AR/4, made to special order for us by Geometrics in San Jose, California. To my eyes, it’s a real beauty.
Underwater magnetometers, which are simply known as ’mags’ to those in the shipwreck treasure business, measure anomalies (variations) in the Earth’s magnetic field, which are caused by the presence of iron and other items with magnetic properties.
Although a ‘mag’ can’t detect gold or silver, it can detect the iron cannons, cannon balls, muskets, pistols and cutlasses that, for centuries, were used to protect large shipments of coins and bullion, as well as other valuable cargos that could range from precious jewels to exquisite porcelain.
Of course, magnetometers can also detect the iron spikes and other iron fittings that were commonly used in the construction of the above-water portions of wooden sailing vessels. So, even if all we have after is the payroll or cargo receipts of a merchant ship that we have researched, we have a good chance of finding it.
In fact, a mag is one of the main tools that archaeologists routinely use when searching for or around shipwrecks. We do so because some of the shipwrecks are so broken up and buried that they can be extremely difficult to find with side-imaging sonar, which is another useful device that treasure salvors often use in their work.
With the extra precision that we expect to get from our mag’s proper use, we should be able to better determine how the ship broke apart, where the parts went and, thus, where to concentrate our digging efforts. It can be an amazing time saver. And, when you come right down to it, time is really the most expensive part of the treasure recovery process.
Since such debris fields can extend over a great many square miles, using this particular magnetometer should give us an extra degree of accuracy that we need and want while simultaneously saving us money and better securing the success TSR anticipates.”
That is a major purchase that could help put BLIS out ahead of the competition. It appears this move will help the company save money by allowing them to do their work more efficiently and quicker.
The magnetometer could also help the company make that first, major, game-changing find.
The No. 3 Major BLIS Catalyst - New Artifacts Recovery
Treasure & Shipwreck Recovery Announces Shipwreck Artifact Recovery, Plans to Secure Claim
ST. PETERSBURG, Fla., Dec. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), currently trading on the OTC as BLIS, announces that it has successfully recovered artifacts from its initial dives on the previous scanned areas, including what is believed to be the boundaries of a suspected 17th century shipwreck. Among items identified was a cannon from the period and an anchor, which was recovered, along with other items. The Company used the recently announced purchased data to make the finds on initial dives. The identity of the vessel will be worked on as the area is further searched and targets explored.
“What is significant is that we believe the cannon and anchor, due to their positioning along with other material, are in an area that could contain a colonial period wreck. The discovery was made off the east coast of Florida, outside of state waters, so, therefore, we intend to file an admiralty claim off established coordinates from the surveys we purchased just last month,” stated Craig A. Huffman, acting CEO of TSR. “The coordinates and surveys we gained are having immediate dividends and narrowing down areas that can be further searched, artifacts and cargoes gained and, ultimately, claimed, from historic shipwrecks and their cargoes.”
The Company intends as its short-term goal to keep working such targets, while it also prepares for a larger expedition with several strategic partners to an area of the Caribbean with known historical valuable shipwrecks, which it hopes to announce in the near future.
The news was only announced this past Friday. It would appear this press release is flying under-the-radar and has not caught traders' attention yet.
Stop and imagine for a second... What if this shipwreck is packed with centuries old, priceless treasure?
The Company's Secret Weapon - COO Dr. E Lee Spence
Dr. Spence is an internationally known expert on shipwrecks and sunken treasures. He received one of the first five doctorates (Doctor of Marine Histories, College of Marine Arts, 1972) ever awarded for marine archaeology anywhere in the world and he has long been considered one of the founding fathers of marine archaeology. Dr. Spence has discovered hundreds of treasure laden and historical wrecks.
Spence has salvaged hundreds of millions of dollars in valuable artifacts and has been responsible, through his archival research, for the location of the wrecks of the side-paddle-wheel steamers Republic and Central America from which over one billion dollars in treasure has been recovered.
He has authored more than two dozen books and has served as an editor for a number of nationally distributed magazines. He is also an award winning cartographer and has published a number of maps and charts dealing with shipwrecks and treasure.