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Weather Underground PWS KILTREMO1
 
 
 
 
25 Jun 2008, 00:00 a.m.

In this photo released by the Florida Keys News Bureau, Blue Water Ventures diver Michael DeMar sips champagne form an ornate gold chalice with etched scrollwork Tuesday, June 24, 2008, after he found it searching for wreckage of the Spanish galleon Santa Margarita about 30 miles west of Key West, Fla.  The Margarita sank during a 1622 hurricane and its wreckage has been the focus of a search by Blue Water in a joint-venture partnership with Mel Fisher’s Treasures.  Salvors estimated the value of the chalice at at one million dollars or more.
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