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The Oak Island money pit is an excavation on a small Canadian island off the coast of Nova Scotia that has been the object of attention of treasure hunters since As the name suggests, their efforts to date have not produced anything of value. The pit has been repeatedly re-filled and re-excavated. The next attempt at securing the treasure was made in by the Oak Island Association. First they cleared out the Money Pit down to 88 feet. Then they ran a new hole to the east of the pit hoping to intercept the channel from the sea. The new shaft was dug out to feet without hitting the channel and then abandoned. Although the first attempt proved fruitless, the legend of Oak Island's Money Pit still had many secrets to reveal. Perhaps too convinced of treasure to give up the pursuit, the eldest of the excavators, John Smith, purchased the lot containing the intriguing cavernous pit that same month. However, interest in the peculiar hole Oak Island Money Pit - Contact · Resources · Books · Videos. There is no physical evidence of any treasure pit on Oak Island. The “flood tunnel” hypothesis was created to explain why, whenever and wherever you dig a hole on Oak Island, it floods with seawater and you can't pump it out or stop the flow. The answer for this is very simple: the highest elevation on Oak. Can you solve the Mystery of The Oak Island Money Pit? Check out the Engraved Stone Tablet that was found in the Money Pit. There have been documented treasure hunts, investigations and excavations on Oak Island since the s. There are many theories about what, if anything, might be buried or concealed there. Areas of interest on the island with regard to treasure hunters include a location known as the Money Pit, a formation of boulders Oak Island mystery · The Curse of Oak Island · Oak Island · Oak Island (Minnesota). Links to my Oak Island discoveries are in the comment section*. hunt: floridahot.info The Oak Island mystery refers to stories of buried treasure and unexplained objects on Oak Island in Nova Scotia. Since the 19th century, a number of attempts have been made to retrieve the reported treasure and artifacts, and treasure-hunting was authorized in the early 21st century. In addition to treasure, reported. Discover Oak Island Money Pit in Western Shore, Nova Scotia: Hunt for buried treasure in Nova Scotia. At 10 feet deep, someone had again covered the hole, this time with a layer of timber — another hint of buried treasure. A second wooden layer was found at 20 feet, and a third at 30 feet. There was still no treasure, and by now McGinnis had dug as far as he could. The legend of the Oak Island Money Pit.