 The wreck of what is thought to be a seventeenth-century armoured cargo vessel identified as an English East Indiaman lies off Fishing Cove, one of Gunwalloe's three major beaches.The ship was supposedly on her return journey laden with an extremely valuable cargo of spices, indigo, drugs, Indian piece goods and of pepper, when she was stranded near Loe Bar.Historical evidence indicates that salvage took place soon after the wrecking.