A long quest for booty from the Spanish colonial era appears to be culminating in Chile with the announcement by a group of adventurers that they have found an estimated 600 barrels of gold coins and Incan jewels on the remote Pacific island.
"The biggest treasure in history has been located," said Fernando Uribe-Etxeverria, a lawyer for Wagner, the Chilean company leading the search. Mr Uribe-Etxeverria estimated the value of the buried treasure at US$10bn (£5.6bn).
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The hoard is supposedly buried 15 metres (50ft) deep on Robinson Crusoe island, also known as the Juan Fernández island, home to Scottish sailor Alexander Selkirk, the adventurer immortalised by Daniel Defoe as Robinson Crusoe. Selkirk was dumped on the island and lived alone for four years before being rescued. His exploits brought worldwide attention to the islands.
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