Researchers say the shipwreck discovered on Ponte Vedra Beach this week has found it's final resting place.
Chuck Meide, director of archeology at the St. Augustine's Lighthouse Archeological Maritime Program told reporters at the wreck site this afternoon that after researchers take a close look at the remains and measure them they will rebury the ship, believed to be at least 100 years old.
Meide said returning the wreck to the earth is the safest place it could be.
About 15 feet of the ship's ribs and keel were uncovered during the nor'easter that blew through the region this week. Researchers have been on the scene since Thursday.
Meide said that there are many similar shipwrecks that have been found in Northeast Florida over the years. Based on the the ironwork researchers believe the ship is most likely a shrimp boat from the late 1800's or early 1900's.