ORRV Team Discovers Two Shipwrecks in the Philippines
April 29, 2011 /PRNewswire/ Oceanic Research and Recovery Inc. (Pink Sheets: ORRV), a marine salvage and exploration company, today announced that team members have discovered two shipwrecks in the Philippines .
Preliminary investigations indicate that at least one of the ships located is believed to be a Manila Galleon that was outbound from Manila to Acapulco, Mexico . The second wreck is believed to be an inbound Manila Galleon which would be carrying silver and gold to be traded for oriental goods; a local guide presented team members with a silver coin dated 1786 ( King Carlos III ) reported to be from this site.