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Seafarer Exploration Corp.

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$SFRX CEO Update: Juno Beach Progress and Tech BreakthroughsDecember 9, 2024 OTC:SFRX CEO Update: Juno Beach Progress and Tech Breakthroughs seafarerexplorationcorp.com 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
OTC:SFRXLong
by astrothtrader
$SFRX Long with price target of 52-week range high 0.0179¢$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.
OTC:SFRXLong
by astrothtrader
$SFRX Long with price target of 2020 high 0.0179¢Seafarer Exploration’s SeaSearcher drone is set to take the treasure-hunting world by storm The current SeaSearcher prototype, getting put to the test in Florida As any frequent viewer of the Discovery Channel will know, the search for sunken treasure typically involves sifting through the sand, just hoping to unearth gold or silver. The SeaSearcher underwater drone, however, may soon point clients right to the booty. Currently in functioning prototype form, the battery-electric SeaSearcher is being developed by Florida startup Seafarer Exploration. It was designed by engineer Tim Reynolds, CEO of partnering company Wild Manta. The vehicle's big claim to fame is that it can detect – and differentiate between – various types of metal buried up to 10 meters (33 ft) beneath the seabed, creating and relaying a 3D digital map of their location. "I've been given the rights to salvage old Spanish and other types of wrecks along the coastline, here in Florida," Seafarer CEO Kyle Kennedy told us. "All these ships used to dock in Havana, they would load up with gold from the New World, and head up the Gulf Stream before heading across the ocean. Storms would sink them, on their routes. There's over a thousand of these shipwrecks, but the problem is, there's never been equipment that would show you where gold and silver was, under the sand." The exact means by which the SeaSearcher does allegedly show you is a closely guarded trade secret. However, we have been told that the drone can descend to depths of up to 100 m (328 ft), then cruise about 1 m (3 ft) above the seafloor, emitting electromagnetic, RF and acoustic waves of varying modulation formats as it does so. Utilizing machine-learning-based algorithms running in real time, it analyzes the manner in which any buried metal objects are "energized" by those waves. As a result, the vehicle is reportedly able to determine the depth at which those objects are located, along with the type of metal they're made of. The SeaSearcher's operator interface displays a 3D map showing the location of buried metal objects Seafarer Exploration In a field test recently conducted at a Florida wreck site, the SeaSeacher didn't find any gold or silver, but it is claimed to have identified brass, iron, copper, aluminum, lead and stainless steel items. The geographical location of the detected metals is determined in two ways. First of all, since radio waves don't travel well through the water, the SeaSearcher tows a floating buoy along the surface above itself. The GPS coordinates of that buoy are recorded and transmitted to the crew, aboard a nearby support boat from which the SeaSearcher was launched. That said, strong currents or rough weather can cause the buoy to end up a fair distance away from the drone – after all, the cable by which it's towed has to contain some slack, meaning it doesn't go straight down to the SeaSearcher. For that reason, a triangulation system developed by the US Navy can also be used. It incorporates a submerged platform which hangs over the side of the support boat, where it sends and receives sonar pings to and from the drone. A rendering of the 2nd-generation SeaSearcher, which will be optimized for use in a towfish configuration Seafarer Exploration The SeaSearcher can be used as an ROV (remotely operated vehicle), an AUV (autonomous underwater vehicle) that follows a preprogrammed search pattern, or in a towfish setup, wherein it's towed behind a boat. Since Seafarer doesn't want competitors getting their hands on the technology and figuring out precisely how it works, plans call for the company to instead offer the SeaSearcher and an operator as a service to treasure-hunting clients. Kennedy believes that the service should be available within six months. In the meantime, he hopes to raise funds by using the drone to discover some sunken treasure of his own. "The world doesn't believe that this device works, right now," he said. "As soon as we prove that it works on treasure, we'll do some white papers and independent tests and all that good stuff. But right now, all I need it to do is show me some massive amounts of gold and silver, and then I don't really care what the world thinks." Learn More Here: newatlas.com
OTC:SFRXLong
by astrothtrader
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