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Police say that three men and a teenage boy were lucky to survive after their boat sank in the Hauraki Gulf last night but little hope is held out of finding alive a fourth man.
The six-metre aluminium craft sank off Motuora Island about 6pm throwing all five, who were on a fishing expedition, into the freezing waters.
Three men and the 13-year-old boy were found suffering various stages of hypothermia on a beach near the scene of sinking at 9.50am today and airlifted to Auckland Hospital.
A massive search, including the use of the police Eagle and Westpac rescue helicopters, was mounted for the fourth man, believed to be in his 30s, but there was no sign of him when darkness fell tonight.