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Colombian President Juan Manuel Santos said the country 5-12 days to detect a ship carrying the Spanish treasure sank with the British over 300 years ago outside the rest of Colombia.
San Jose was the British ship sunk in 1708 - Photo: National Maritime Museum
"Great news! We have found the San Jose" - Mr. Santos shared on Twitter.
BBC said the boat was found near the port city of Cartagena.
San Jose is one of the famous sunken ship because it was carrying one of the greatest treasures worth at least $ 1 billion each lost at sea.
BBC said the San Jose ship carrying gold, silver, precious stones and jewels from the colonies in the Americas south of the Spanish empire at that time to help the country win the war against England.
A British warship was sunk the ship in May 6-1708 vessels on the offshore Cartagena.
Colombian officials did not disclose the exact location of the body of San Jose but his ship Santos said the discovery was "one of the greatest discoveries of underwater heritage in human history."
Mr. Santos said Colombia will build a museum in Cartagena to showcase San Jose treasure aboard.
While ownership of the wreck San Jose went through a prolonged legal process before the final results.
Sea Search Armada company (SSA) based in the United States has said about this treasure. In 1981 SSA once declared to locate the area where San Jose sunk.
SSA announced that the government of Colombia has violated the contract with this company. However in 2011 a US court decision that vessel San Jose are the property of Colombia.
Commodore Charles Wager British warship chased San Jose vessels to waters off Cartagena 25 km way and sunk it beneath the seabed about 300 meters deep.
Most of the crew were killed by the time the ship exploded. The UN identified the wreck is one of the underwater cultural heritage of the world.
It is estimated that San Jose is one of more than 1,000 ships sank off the coast of Colombia for more than 3 centuries colonial rule.
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