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$550,000 Gold Bar from Florida Keys Shipwreck Stolen
From The Associated Press
via The Miami Herald
Thursday, August 19, 2010
http://www.miamiherald.com/2010/08/19/1783935/550k-gold-bar-from-florida...
KEY WEST, Florida -- Two thieves entered a museum shortly after closing time and stole a gold bar worth about $550,000 that had been recovered from the shipwreck of a Spanish galleon off the Florida Keys, police said.
Police and the FBI are working to identify the suspects who took the gold bar Wednesday afternoon from the Mel Fisher Maritime Museum, where it had been on display for more than 20 years.
The gold bar had been locked in a see-through case that allowed visitors to touch and lift it while keeping it secure. Security footage shows the suspects breaking into the case after the museum closed for the night, police said.
... Dispatch continues below ...
Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
The bar was recovered from the Santa Margarita shipwreck in 1980 by the late Key West shipwreck salvor Mel Fisher and his crew while searching for the Santa Margarita and Nuestra Senora de Atocha galleons.
The Spanish ships -- loaded with gold, silver, and jewelry -- were two of eight to sink during a 1622 hurricane. According to the museum's website, a fleet of 28 ships had left Havana bound for Spain, all packed with treasure.
"Everybody who comes to the museum is encouraged to lift the gold bar and to have a firsthand experience with history," said Melissa Kendrick, the museum's executive director. "This is one of the most iconic and best known objects in the museum."
Kendrick said the museum's insurance company is offering a $10,000 reward for information leading to the return of the 74.85-ounce bar.
One suspect is described as a white male, about 6 feet tall with dark hair and a medium build, the Key West Police reported. The second suspect is about 5 feet, 6 inches tall.
"The security systems worked because we knew the bar was stolen within 10 minutes, and we have usable video and photos for law enforcement," Kendrick said. "The museum made a decision to designate this as a handling object, allowing people to touch the artifact, and this was part of the risk involved in granting public access."
The museum and associated Mel Fisher Maritime Heritage Society are an internationally recognized center for excavation, preservation, research and exhibition of New World maritime artifacts.
The museum holds the richest single collection of 17th-century maritime and shipwreck antiquities in the Western Hemisphere, including treasures and artifacts from the Atocha and Santa Margarita.
Much of both galleons' precious cargo was recovered in the 1970s and 1980s under the leadership of Fisher, founder of the society and museum, who died in 1998. The search for artifacts, treasures, and other items from the vessels continues to be directed by his family.
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Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
