Over 60 individuals, primarily from Senegal, are feared to have perished as their boat was discovered adrift approximately 300 kilometers (186 miles) away from the Atlantic island nation of Cape Verde.
Among the 38 survivors, seven are currently undergoing medical treatment in a hospital.
The wooden fishing vessel in which they were traveling was located a month after its departure from Senegal with over 100 migrants on board. The fate of those who remain unaccounted for remains unknown.
Officials in Senegal are arranging repatriation for the survivors. Authorities in Cape Verde have urged for international collaboration in addressing migration issues to prevent further loss of lives.
The vessel is believed to have been en route to the Spanish Canary Islands, a common migrant entry point into the European Union.
The boat was initially spotted on Monday by a Spanish fishing vessel.
Among the survivors are four children aged between 12 and 16, as confirmed by a representative from the International Organization for Migration (IOM).