Life Science: Fabled 19th-Century Shipwreck May Hold Gold Treasure

The wreck of a fabled 19th-century gunrunner that may also contain a treasure in gold has been identified off the coast of South Carolina.

The SS Ozama, a 216-foot-long (66 meters) iron-hulled steamship, had a colorful history, according to Discovery News. Launched in Scotland in 1881 as the Craigallion, the ship was active in the Caribbean Seas and helped build the Panama Canal.

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CNBC: Smuggling ship -- and maybe gold? -- found off South Carolina

The wreck of a 19th-century steamer that smuggled guns, carried hundreds of thousands of dollars and possibly gold, has been discovered off the coast of South Carolina, U.S. explorers announced Sunday.

Found off Cape Romain in about 40 feet of water, the ship has been identified as the SS Ozama by underwater archaeology pioneer and treasure hunter Dr. E. Lee Spence.

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