Saturday 3 September 2011

Oak Island - The Money Pit




In 1795 Daniel Mcginnis observed lights coming from Oak Island, he went to island and discovered a circular depression on the southeastern corner, next to the which was a tree with a tackle block connected to it.


With the help of his friends John Smith, Samuel Ball and Anthony Vaughan, Daniel excavated the depression and found a flagstone a few feet below, also pick markings were observed on the pit wall.
As they dug down they found layers of logs every 10ft, they soon became frustrated and abondoned thier quest at around 30ft.

Others have since taken up the challenge and in over 200 years many have searched for the elusive treasure of Oak Island.

Early during one such venture an inscribed stone was found(which unfortunately has been lost).

There have been various interpretations as to the meanings of the inscriptions, The image belows depicts one of the more popular translations.


Adventurers continued to dig, In 1849 a drill probe was used which encountered multiple layers of charcoal, putty and coconut fibre.

At 98ft down a spruce platform was discovered guarding two oak chests containing loose metal pieces (pieces of eight ?).

In 1897 the drilling continued, beyond the level the chests were found, layers of wood and iron were discovered,further down a 30ft layer of hand worked blue clay, a seven foot cement vault at 153ft and an iron barrier at 171ft.


Various companies and individuals have been involved with attempts to excavate the treasure, costing millions of dollars and so far six adventurers have given thier lives. The pit has thrown up many challenges through flooding and collapse,underground interconnected tunnels fuelled by sea water causing all sorts of problems and to this day still no treasure has been found.

The current owner Dan Blankenship, who owns 78% of the Oak Island Property has applied for a treasure trove licence from the Nova Scotia government but as yet has had no reply, He has now started a petition to get his application agreed.

I've always been fascinated by this story, the fact that so many people have put so much time and effort into finding what is hidden here, even losing there lives.
Is it a worthy cause ?
What do you think is hidden there ?

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