(SOUTH CHINA MORNING POST) -- Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion.
The badly damaged Russian Imperial Navy cruiser was located by manned submersibles at a depth of 434 metres about 1.3km off Ulleungdo on Sunday morning.
The Seoul-based maritime salvage company Shinil Group has been searching for the precise site of the wreck for several years and put together a team of experts from South Korea, China, Britain and Canada for this year’s effort.
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