The Esmeralda launched in 1855, was a wooden steam corvette

Corvette

A corvette is a small, maneuverable, lightly armed warship, originally smaller than a frigate and larger than a coastal patrol craft or fast attack craft , although many recent designs resemble frigates in size and role...

 sunk during the War of the Pacific

War of the Pacific

The War of the Pacific took place in western South America from 1879 through 1883. Chile fought against Bolivia and Peru. Despite cooperation among the three nations in the war against Spain, disputes soon arose over the mineral-rich Peruvian provinces of Tarapaca, Tacna, and Arica, and the...

 as was set against superior forces, fought until sunk with colors flying on 21 May 1879 at the Battle of Iquique

Battle of Iquique

The Battle of Iquique was a confrontation that occurred on May 21, 1879, during the naval stage of the War of the Pacific, a conflict between Chile and Peru and Bolivia. The battle took place off the, by then, Peruvian port of Iquique...

. These events mark important milestones for the Chilean Navy

Chilean Navy

-Independence Wars of Chile and Peru :The Chilean Navy dates back to 1817. A year before, following the Battle of Chacabuco, General Bernardo O'Higgins prophetically declared "this victory and another hundred shall be of no significance if we do not gain control of the sea".This led to the...

 and the ship's name is said to evoke its values of courage and sacrifice.

Museum Corbeta Esmeralda in Iquique

In Iquique

Iquique

Iquique is a port city and commune in northern Chile, capital of both the Iquique Province and Tarapacá Region. It lies on the Pacific coast, west of the Atacama Desert and the Pampa del Tamarugal. It had a population of 216,419 as of the 2002 census...

they are building a replica of the Esmeralda that will be opened to the public in May, 2011.