From a ship sunk by a German U-Boat during WWII:
Expert underwater archaeologists will attempt to salvage the treasure, handing 20 per cent of its value to the British Government.
The SS Gairsoppa set sail from India in December 1940 carrying a consignment of 240 tonnes of silver, iron and tea.
It was headed for Liverpool but was forced to break away from its military convoy off the coast of Ireland as weather conditions deteriorated and it began to run out of fuel.
As the merchant steamship tried to make it to Galway it was attacked by the German submarine U101, 300 miles southwest of the Irish harbour.
On February 17, 1941, a single torpedo sank the ill-fated vessel, killing all 85 crewmen except one.
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