Bhubaneswar, March 19 -- Despite centuries of searching, the whereabouts of the 17th-century English ship, the Merchant Royal, laden with an estimated 4 billion pounds worth of treasure, remain a mystery.

Now, a UK company armed with cutting-edge technology aims to finally locate the fabled wreck, dubbed the "El Dorado of the Seas."

According to an NDTV report, Multibeam Services, specialists in locating lost wrecks, will devote the entirety of 2024 to scour a 200-square-mile expanse of the English Channel. Employing unmanned underwater vessels and state-of-the-art sonar,

they hope to unravel the enigma surrounding the ship's demise off the coast of Cornwall in 1641.

While the potential financial reward is immense, Multibeam's leader,...