A story about steam
towboat models
The ship was an old Spanish galleon called the San
Jose, a large boat with huge sails and lots of different decks.
Galleons were initially used for sea battles during
the 16th and 18th Century, or for carrying items to trade with other countries.
The President of Columbia Juan Manuel Santos said:
"Great news! We have found the San Jose galleon".
The San Jose was carrying gold, silver, gems and
jewellery which was going to be shipped to Spain's king to help fund his war
against the British, when it was sunk in June 1708.
People think the treasure might be worth around
£2.6bn-£11bn!
There are currently arguments going on between the
Columbian government and the Sea Search Armada, who found the area where the
ship sank, over who owns the treasure.
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