$SFRX Long with price target of 52-week range high 0.0179¢
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SFRX broke out of its 2020 trend on news "Seafarer Announces Discovery of Historic Period Shipwreck Material." Long with price target of 52-week range high 0.0179¢TAMPA, Fla., Dec. 10, 2020 /PRNewswire/ -- Seafarer Exploration Corp. (OTCQB: SFRX) - Seafarer Exploration Corp. is announcing that we have discovered a large concentration of colonial era shipwreck material in Area 2 off Melbourne Beach, Florida. The historic period shipwreck material comprises a variety of artifacts situated within a concentrated area and includes standing rigging, ships fittings, rope and wood fragments. The historic artifact area is still under investigation and could either be part of the historic material previously found over the past few years or a second historic shipwreck entirely. Currently there is not enough information to precisely determine the provenance of the artifacts. In accordance with the current site permit, the site has been reported to the Florida Bureau of Archaeological Research (FBAR) and we have temporarily paused bottom-disturbing activities within 50 meters of the location containing the artifacts in order to preserve the archaeological site context until a continued site exploration plan can be submitted to the FBAR. Once submitted, the site can be more extensively explored. In the meantime, Seafarer Exploration will continue to archaeologically investigate this area as well as explore other locations of interest in Area 1 and Area 2.
According to the project archaeologist, Dr. Robert H Baer, "The Seafarer Exploration discovery possibly dates from the mid - 1600s to the period ending before the Industrial Revolution - no later than 1800. The type and orientation of the artifacts on the ocean floor is indicative of materials used to construct a colonial period sailing vessel that came to rest on the ocean floor where it decayed leaving a fairly compact scatter pattern. The location and depth would have also minimized scatter from storms and near-shore surge. This is unlike other sites which can be scattered for miles."
The work product described here was performed under the authority of an exploration permit from the State of Florida FBAR.
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.
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Seafarer Exploration Corp. Discusses Discovery of Historic Material at Their Melbourne Site with The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - January 28, 2021) - The Stock Day Podcast welcomed Seafarer Exploration Corp. (OTC Pink: SFRX) ("the Company"), a publicly traded underwater salvage and exploration company traded under the symbol SFRX. CEO of the Company, Kyle Kennedy, and Chief Technologist, Tim Reynolds, joined Stock Day host, Everett Jolly.
Jolly began the interview by asking for an update on the Company's current projects. "This last year has been extremely challenging, especially since July," shared Kennedy. "COVID-19 has not helped us any, it has made it more difficult to communicate with state officials," he explained. "We've also had a record number of hurricanes and rain storms," said Kennedy. "We've had high waves, holidays, and boat maintenance. There's just a ton of reasons why we have not had any days for excavation," he continued. "The reason I mention these obstacles is because we have not excavated our first SeaSearcher target yet. Obviously, that's what we want to do, and we're getting closer to it every day."
"Hopefully, this next week we will actually be doing that," shared Kennedy. "On the bright side, the Seafarer team has done a phenomenal job during this period of time," said Kennedy, before elaborating on the team's accomplishments over the last several months. "They've scanned several areas, they've mechanically improved both of our boats, and they've found a third interesting site," said Kennedy. "Best of all, and this is tremendous, they found an overlooked area of historic material, which actually could be a second historic shipwreck," he shared. "This is a major find for us."
The conversation then turned to the Company's new site plan, as well as their Juno Beach site. "The site plan we're talking about is for a large concentration of historic material found on the Melbourne site," said Reynolds. "Whenever you find a large concentration, the game plan changes a little bit with the state. You have to write a specific plan for that area - how you're going to treat it as an archaeological site and how you're going to excavate it," he continued. "We supplied that plan in December through the state, and we're actually executing that plan now," shared Reynolds. "We're finding hundreds of artifacts, hundreds of surfaced and submerged artifacts, within only a few hundred feet total," said Reynolds, adding that the team is now trying to determine several factors to allow them to isolate the best area of the site.
"For Juno, we'll be submitting the full recovery permit request very soon. We've already done a survey of that site, and we've got a great plan for Juno," said Reynolds. "With what we found in Juno, everything is encrusted," he added. "It means that we will have to look at every object that is down there to find what we're looking for," said Reynolds. "We will absolutely be taking the SeaSearcher back down there and doing a full survey of that area, looking for non-ferrous objects to point us in the right direction."
To close the interview, Kennedy expressed his excitement for the Company's potential as they continue to move forward with their current and upcoming projects, especially in regards to the advanced capabilities of the SeaSearcher and the significance of their latest discovery.
To hear Kyle Kennedy's entire interview, follow the link to the podcast here: audioboom.com/posts/7784376-seafarer-exploration-corp-discusses-discovery-of-historic-material-at-their-melbourne-site-with.
SOURCE: newsfilecorp.com/release/73055
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Still holding. Waiting for the next company announcement.Note
SFRX is holding strong above the monthly open after the November 23rd Juno Beach FDEP permit announcement. The final U.S. Army Corps of Engineers permit needed before Seafarer Exploration can begin working on the site. twitter.com/SeafarerCorp/status/1595526802822291480
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