The wreck of a Spanish ship laden with treasure that was sunk by the British more than 300 years ago has been found off the Colombian coast, says President Juan Manuel Santos.

“Great news! We have found the San Jose galleon,” the president tweeted.

The wreck was discovered near the port city of Cartagena.

It has been described as the holy grail of shipwrecks, as the ship was carrying one of the largest amounts of valuables ever to have been lost at sea.

Read the article “Colombia Says 300-Year-Old Treasure-Laden San Jose Galleon Found” on bbc.com.