London, Feb 2 (ANI): An exploration company has claimed to have found the shipwreck of the fourth HMS Victory, which is thought to contain millions of pounds' worth of gold, at the bottom of the English Channel.
According to a report in the Telegraph, the ship, codenamed "Legend", has been discovered by Odyssey Marine Exploration, a US company.
The ship, the fourth of six HMS Victories, and a predecessor to Lord Nelson's HMS Victory, sunk with 1,150 sailors onboard in October 1744 around The Casquets, a group of rocks off the Channel Islands.
Among other valuable artefacts, it is thought to contain 100,000 gold coins.
Till now, Odyssey has raised at least 16 brass cannons from the wreck appearing to be from the Victory.
Experts estimate that the ship's 100 guns would now be worth between 10,000 pounds and 20,000 pounds. It is also thought to be searching for the ship's gold coins.
A spokesman for the Ministry of Defence, from the British Government, was reported to have told a newspaper that the Government would "negotiate" with Odyssey over the recovery of the haul from the shipwreck.
The spokesman added, "No intrusive action may be taken without the express consent of the United Kingdom". (ANI)