From a reef on the north coast of the Dominican Republic, an American company will try to salvage a treasure valued in US$150 million.

An American company will seek to recover a treasure valued at
US$150 million (over 97.2 million euros) from the depths of a reef on the north coast of the Dominican Republic, from a seventeenth-century Spanish galleon.

The treasure includes hundreds of silver and gold coins, and china ceramics; according to the company Marine Explorations Inc. who finances the submarine expedition that will start this week from Miami (Florida) heading to the Caribbean reef. Efe Paul Enright, one of the owners of signature "Treasurer", stressed the importance of having an "exclusive license" of the Dominican Government to make a "search and recovery" of the million treasure.

"Ornamental objects, coins, gold chains and Chinese pottery belonging to the Ming dynasty which we hope to recover," said Enright, part of the treasure of the Spanish galleon “Nuestra Señora de la Concepción”, which sank because of a hurricane in 1641, after a stop in Havana (Cuba) headed to Spain. Leading the expedition precisely Burt Webber Jr., the famous adventurer and "treasurer" American who, after years of research in archives, finally found in 1978 on the north coast of the Dominican Republic the wreck of the Spanish galleon coveted.

The concession granted by the Government of the Dominican Republic to the underwater exploration company, with headquarters in Denver (Colorado), will explore the Silver reef bank. With a cost exceeding two million dollars (1.3 million euros), the mission of the submarine boat Ocean Lady, by Captain Webber, remains almost five months in Dominican waters, about 100 kilometers north of Puerto Plata, to the pursuit of the rich archeological submarine site.

He explained that the 180 survivors of the wreck of the Spanish galleon, a crew of 540, were intercepted by British pirates to those who had no choice but to reveal where they had hidden much of the treasure: at the top of a reef on the North Coast of the Dominican Republic. "There are many, many wrecks rich in the Spanish coast and the Spanish government has no rescue mission" in any area.