The Mantola project is located at a depth range that we have a lot of experience in. We have information on the location of the cargo that should make this a great target for testing some new technology that will be useful for a number of new deep-ocean projects we have planned. As we push deeper and deeper, a lot of new and interesting opportunities are presenting themselves.” said Greg Stemm, Odyssey’s CEO.

“This find shows the value of our research team and our extensive database of shipwrecks, which allow us to build backup projects that can be added to our surveys in the event of a quick find. The discovery and verification of the Mantola marks the second verification of a valuable deep-ocean site and contract with the UK this year.”

Odyssey has begun the process of assembling the tools and equipment for the salvage expedition for the Gairsoppa and Mantola, and anticipates that operations will begin in spring 2012 as soon as the weather window begins to open up in the North Atlantic. The system being mobilized for modern salvage recovery can also be used on other projects, several of which are in various stages of search or confirmation at this time.

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