Endurance Exploration Group, Inc. (OTCQB:EXPL) plans to present to its core investor group at the annual Freedom Investors / KDC Financial conference in Milwaukee on Monday, September 21st and Tuesday, September 22 (www.freedominvestorscorp.com) regarding current success and future operations at the site of the shipwreck Connaught, a steamship lost in 1860 with a cargo of gold coins. The updated investor presentation is attached as an exhibit herein. In addition, Endurance has updated their corporate Facebook page (https://www.facebook.com/EnduranceExplorationGroup) with video and still imagery from their recent subsea survey and salvage work of the Connaught wreck site.
Endurance Exploration Group is pleased to announce that Stage 1 of our summer 2015 survey and recovery mission to steamship Connaught has been successfully completed! Our ship is now back at dock to swap out gear and personnel for the next stage.
What have we done so far? It’s been a busy few weeks of mobilization and offshore work for Endurance. Our crew first re-established the exact location of the wreck site and associated debris field using data collected from our 2013 and 2014 expeditions. Next, we surveyed the site with 500 kHz high-resolution side scan sonar from multiple angles to map the shipwreck hull and debris field. Finally, we deployed a three-point anchor mooring system. This meant dropping three 2,000lb anchors, 2,000lbs of anchor chain and 4000ft of heavy-duty wire rope, a system that will keep us on station regardless of wind and tide.
What does it take to run a deep sea salvage company? Great gear and great people! From deckhands to directors, everybody at Endurance pitches in to mobilize for our upcoming recovery expedition.