"Without any exaggeration, this is the finest wooden shipwreck I have ever seen, by far," marine archaeologist Mensun Bound, who is on the discovery expedition, told BBC News.
"It is upright, well proud of the seabed, intact, and in a brilliant state of preservation," he continued, explaining that the discovery is a hallmark in his 50-year career.
Shackleton and his crew were attempting to make the first land crossing of Antarctica when the boat went down. They failed in their expedition.
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