clipped from: dsc.discovery.com 
May 2, 2008 -- The ship was laden with tons of copper ingots, elephant tusks, gold coins -- and cannons to fend off pirates. But it had nothing to protect it from the fierce weather off a particularly bleak stretch of inhospitable African coast, and it sank 500 years ago. Now it has been found, stumbled upon by De Beers geologists prospecting for diamonds off Namibia.
"If you're mining on the coast, sooner or later you'll find a wreck," archaeologist Dieter Noli said in an interview Thursday.
Namdeb Diamond Corp., a joint venture of the government of Namibia and De Beers, first reported the April 1 find in a statement Wednesday, and planned a news conference in the Namibian capital next week.