$SFRX Long with price target of 52-week range high 0.0179¢

12 dic 2020

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.

11 feb 2021

Nota

Seafarer Exploration Corp. Discusses Discovery of Historic Material at Their Melbourne Site with The Stock Day Podcast

Phoenix, 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

11 feb 2021

Nota

Still holding. Waiting for the next company announcement.

19 dic 2022

Nota

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

10 dic 2024

Operación activa

December 9, 2024
CEO Update: Juno Beach Progress and Tech Breakthroughs
seafarerexplorationcorp.com/ceo-update-juno-beach-progress-and-tech-breakthroughs/

This CEO Update shares exciting news on advancements at Juno Beach, offshore discoveries, and breakthroughs in SeaSearcher technology.

Dear Shareholders,

While adverse weather conditions posed significant challenges this summer, our team has continued to make steady advancements in exploration and artifact recovery, reinforcing the long-term potential of our work.

At the Juno Beach archaeological site, we have made significant strides in mapping a prominent area of debris concentration using transect mapping. This has enabled us to locate new areas containing large ballast stones and a substantial wooden element believed to be part of the ship’s stern. Our recovery efforts have been fruitful, adding dozens of artifacts to our collection, which now exceeds 1,000 items, excluding lead sheathing. We have established a 300’x300’ grid, allowing us to focus our SeaSearcher scans on a refined area where debris is concentrated within a 100’ north-south by 250’ east-west zone. A harpoon recovered during this phase may also be associated with this wreck. These findings are supported by detailed documentation, including hundreds of pages of reports and hours of video records of our archaeological processes.

At Melbourne Beach, activity has been limited by weather, but we completed test dives and laid the groundwork for a grid system over two target areas, the Ring Site and HTQ. This will guide SeaSearcher scans to evaluate the potential for continued exploration.

At Cape Canaveral, a historically significant area known for colonial-era shipwrecks, magnetometer scans, and test dives have yielded promising data, and we are preparing to bring in the SeaSearcher as soon as conditions allow.

Offshore, we have identified a promising area with evidence pointing to the possible presence of two or three vessels from the 1715 fleet. Initial dives uncovered a colonial-era anchor, further validating this area as a strong prospect for recovery operations.

The SeaSearcher technology continues to advance, with improvements in metal discrimination allowing for greater confidence in distinguishing ferrous, non-ferrous, and even precious metals. The platform’s stability has been a key factor in its routine deployment, and our second-generation metal discriminator has shown improved sensitivity and reduced noise. Progress toward a handheld unit also continues, promising further flexibility in our recovery operations.

Our archives and historical research team have also been making significant strides as well, particularly in analyzing records from Seville, Spain. These documents are beginning to yield useful insights into additional shipwrecks, and our new cataloging method has improved our ability to extract and organize data efficiently.

While weather has been a limiting factor, particularly as we transition from search to recovery operations, we remain committed to maintaining the highest levels of safety and precision. The rough seas of summer have presented challenges for both diver safety and accurate positioning of recovery grids, but we are well-prepared to capitalize on more favorable conditions as they arise.

We continue to make meaningful progress toward our mission of uncovering and preserving historical shipwrecks, and the work completed this year lays a strong foundation for the year ahead. Thank you for your continued support as we pursue opportunities to create long-term value through our exploration efforts.

Sincerely,
Kyle Kennedy
CEO, Seafarer Exploration