Samples of human bone dating back to the 17th century were found during a dig in the Money Pit. At this point, the "vault" is more of a name than an actual location. The Mystery Pit of Oak Island. Bowdoin, H. L. 1911. According to online research archive Oak Island Compendium, legend has it that the treasure will be found when seven men have died looking for it. [12] The Truro Company then ran out of funds and was dissolved sometime in 1851. This seems even more likely when the Lagina Brothers retrieve a large metal hinge with drill holes in it from the same location. Not much was found. "Scanned copy of the original Reader's Digest article", "For Sale: Island with Mysterious Money Pit", "Appendix: Woods Hole Explores Oak Island", "A Solution To The Mystery Of The Oak Island Five Finger Drains", "Canadian Newspapers on Microfilm 2013 Catalog", Oak Island Treasure Company ([microform): capital, sixty thousand dollars, shares only five dollars each, full paid and non-assessable. While the Lagina brothers and metal detection expert Gary Draytonhave mostly found mud, wood, and various metal tools, they along with an assortment of science and archaeological experts have made a surprising amount of valuable discoveries hidden throughout the 140 acres of the supposedly cursed Oak Island. This wrought iron spike dating from the late 1600s to the early 1700s would have been used to nail down decking boards of the Spanish Galleon. Franklin D. Roosevelt, a former US President, whose company Old Gold Salvage group searched in 1909. The team immediately goes back to work, hoping that the treasure of Oak Island might soon be revealed. Center Road Developments, in conjunction with Allan Kostrzewa and Brian Urbach (members of the Michigan group), had purchased Lot 25 from David Tobias for a reported $230,000 one year before Tobias sold the rest of his share. The alleged excavation was eventually abandoned after workers attempted to recover the treasure from below by digging a tunnel from a second shaft that also flooded. [20] In 1898, red paint was poured into the flooded pit by the group, reportedly revealing three exit holes around the island. The characters were there all right, but no person present could decipher them. Although the president secretly planned to visit Oak Island in 1939 while he was in Halifax, fog and the international situation Luckily, Reddit user @Nates94 did some sleuthing of their own, and stated, "The Chappell vault was found 153 feet under the Chappell shaft. In the following episode "A Legacy Revealed," antiquities expert Gabriel Vandervort takes a look at the item and discovers that it might not be a crossbow bolt at all, but rather the top part of a pilum, a type of javelin weapon used by the Romans from around the 1st century BC to the 5th century AD. It turned out to not be a Maravedi coin at all, but instead something far more interesting. Important New Evidence Found at 170 Feet | At the H-8 dig site, the team finds evidence of the elusive Chapel vault while attempting to reposition a . Another pirate theory involved Edward Teach (Blackbeard), who said that he buried his treasure "where none but Satan and myself can find it.
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