THE first team in the race to find the fabled Mahogany Ship and claim a $250,000 state government reward began its search in March of 1992.
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A University of New England geophysics team which had the best chance of unravelling the mystery had started a two-week, high-tech hunt in the sandhills.
Using equipment worth $300,000, the 10-member University of New England team would cover a 40-hectare area in the opening week of their search, focusing one kilometre south-west of Tower Hill State Game Reserve. It would spend the second week analysing traces of wood of magnetic materials.
Unconfirmed sightings of a 16th century Portuguese caravel point to the vessel being buried in about give metres of sand in the Sandfly Rise area, The Standard reported.
