Visa Gold Initiates Bay Of Havana Program With Deployment Of Submersible.Business Editors TORONTO--(BUSINESS WIRE)--April 4, 2001 Submersible submersible, small, mobile undersea research vessel capable of functioning in the ocean depths. Development of a great variety of submersibles during the later 1950s and 1960s came about as a result of improved technology and in response to a demonstrated need for Begins Search of the Nuestra Senora de Atocha y San Jose Visa Gold Explorations Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). : YVL.) announced today that its recently contracted two-person submersible has begun deep-aquatic exploration near the entrance of the port of Havana. In a recent statement, dated March 29, 2001, the Company identified the Atocha y San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. as its primary target of exploration. Historical data and testimonials state that the ship sank near the entrance of the Bay of Havana, about a "musket musket: see small arms. musket Muzzle-loading shoulder firearm developed in 16th-century Spain. Designed as a larger version of the harquebus, muskets were fired with matchlocks until flintlocks were developed in the 17th century; flintlocks were shot" from the Fortress of La Punta. "We are extremely excited to begin exploration of Havana Bay," stated Paul Frustaglio, President, Visa Gold Explorations. "This is the first time that the area is being scientifically explored; based on our research and technology, we are confident that this expedition will prove to be a success." Visa Gold recently entered into an agreement with Ocean Technologies Ltd. to utilize unique submersible technology to comb depths that are largely inaccessible with conventional diving technology, such as the Bay of Havana area. Visa Gold has been granted exclusive rights to explore shipwrecks This list of shipwrecks is of those ships whose have been located. Africa East Africa
The submersible will be following a line according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the topographic contours of the ocean floor, commencing at 150 feet initially, and going as deep as 600 feet. Working in an east to west pattern, two miles will be covered in one direction, and then backtracked over the same two miles. The submersible will follow a six-day dive schedule. In addition to the Bay of Havana program Visa Gold has a campaign underway around the Isle of Isle of For names of actual isles, see the specific element of the name; for example, Wight, Isle of. Youth, where its dive team is conducting initial underwater investigations on several shipwreck shipwreck, complete or partial destruction of a vessel as a result of collision, fire, grounding, storm, explosion, or other mishap. In the ancient world sea travel was hazardous, but in modern times the number of shipwrecks due to nonhostile causes has steadily targets. The Company is the first association in Cuba to be exploring two areas simultaneously. "With the deployment of the submersible, we have doubled our search power and chances of making another discovery, " said Paramjit Chhatwal, Operations Manager, Visa Gold Explorations. "It's an important milestone for the Company, to be carrying out multiple explorations in different areas and at different depths." ABOUT THE NUESTRA SENORA DE ATOCHA Y SAN JOSE According to archival records, the "Atocha y San Jose" was shipwrecked January 1642 when trying to reach the safety off the Port of Havana. A 400-ton vessel, historical documents indicate she was laden with valuable goods from the New World. ABOUT THE SPANISH TRADE ROUTE AND THE BAY OF HAVANA It is estimated that more than 400 ships sank in and around the Bay of Havana. Havana Harbor was established as the provisioning port for Spanish ships in 1519. It is a deepwater bay that was located strategically on the travel route, or "Carrera de las Indias". The ports of Vera Cruz, Nombre de Dios and Cartagena filled the treasure galleons with gold and silver, as well as other New World products before commissioning them back to Spain. Galleons were made of wood, with canvas sails, and they were subjected to the whims of nature and adventurous pirates. The journey back to Spain was long, edged with dangerous reefs and shoals until the ships cleared the northern end of the Bahama Canal. All ships had to enter the port of Havana to be refitted and replenished before departing Cuba and sailing north to the Straits of Florida The Straits of Florida, Florida Straits, or Florida Strait is a strait located south-southeast of the North American mainland, generally accepted to be between the Gulf of Mexico and the Atlantic Ocean, and between the Florida Keys and Cuba. . ABOUT VISA GOLD EXPLORATIONS INC. Visa Gold Explorations Inc. is party to a joint venture agreement with its Cuban partner, Geomar S.A., to search for shipwrecks in the coastal waters of Cuba. Visa Gold has exclusive rights to prominent shipwreck areas in the northern and southern coasts of the island. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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