I know there have been recent searches for the Erebus and Terror but I can't seem to find anything up to date on any findings. Do you suppose it utterly possible with the ongoing melting of the Arctic that the greatest mystery of Arctic exploration could be solved?
closed as primarily opinion-based by Tea Drinker, Pieter Geerkens, Kobunite, Razie Mah, Mark C. Wallace Jun 5 '14 at 18:49
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Melting in the Arctic will not directly help finding the ships as they are likely sunk or stripped by locals for their metals. Arctic resource exploration may cause them to be found simply for the greater number of people poking around with instruments up there.
HMS Investigator, a ship lost searching for Franklin, was found by Parks Canada in 2010 by sonar. It was found 11 meters underwater and partially buried in silt. This suggests maybe Erebus and Terror will be found, except for one key difference: the captain and crew of Investigator survived. Parks Canada knew what had happened to her, and knew roughly where to search.
Parks Canada Expedition mounted a search for Erebus and Terror in August 2013. I haven't been able to find a report.
UPDATE The 2014 Victoria Strait Expedition found one of them, not sure which yet.