Treasure Hunters Locate Sunken Silver Ship

October 10, 2011 Updated Oct 10, 2011 at 2:21 PM EDT

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Treasure Hunters Locate Sunken Silver Ship

October 10, 2011 Updated Oct 10, 2011 at 2:21 PM EDT

Odyssey Marine Exploration on Monday announced the discovery of the SS Mantola in the North Atlantic Ocean, according to the St. Petersburg Times.

The ship, which was sunk in 1917 after being struck by a German torpedo, is believed to contain $19 million in silver it was transporting when it sank. The wreckage was found about 300 miles off the coast of Ireland, according to the Times story.

Read the St. Petersburg Times story HERE.

Read the Odyssey Marine Exploration news release HERE.