Spanish galleon 'packed with £1 billion worth of gold, silver and jewels found at the bottom of the ocean'

Treasure: A horde of gold coins and jewels is thought to have been found {Photo Courtesy}

A Spanish galleon laden with gold and jewels is thought to have been found at the bottom of the ocean.

Colombia announced it had discovered the wreck of the San Jose vessel yesterday and is expected to give further details today.