The Oak Island Treasure Has FINALLY Been Discovered Near Smith’s Cove!

As always, the Oak Island drilling has raised a big question: is there really something buried here, or are we just rehashing old stories?

In Season 10, Episode 15, while the team was working on borehole DN-11.5, something happened that caught everyone’s attention. This location is near Smith’s Cove, often referred to as the treasure zone. While the drilling was going on, Rick Lagina was off-site for a while and geologist Terry Matheson was in charge along with Charles Barkhouse.

The area was previously known for its gold content and air-filled soil. As the drilling reached between 78 and 88 ft, the machine encountered some unusual pressure. Drill operator Mike said that at a depth of about 90 ft, something solid was hit. Moments later, a void about a foot and a half deep was found, which surprised the entire team.

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Previous excavations on Oak Island had often found clues that something might have been built underground — perhaps a tunnel or a room. The depth reached at DN-11.5 matched those theories. But this time, it wasn’t just a theory on paper.

When the team extracted a core sample, they found pieces of solid wood buried deep inside. This was no ordinary wood. Geologist Terry Matheson immediately recognized that it was part of a structure. Its shape, strength, and texture indicated that it had been intentionally built by humans.

The wood sample was immediately sent to a lab. When it was scanned for X-ray fluorescence (XRF), the results were astonishing: traces of light gold were found in the wood and the water around it. This was no longer just speculation — it was solid scientific evidence.

Rick and Marty Lagina were on the scene as soon as the results were received. Earlier boreholes like DN-2.5 and DN-13.5 had also indicated tunnel-like paths. Now, it seemed that these paths were interconnected and a large structure was spread from east to west.

The empty space, which was just a mystery earlier, now started revealing its true form. For the first time, it seemed that the story of Oak Island is not just a story — there is something solid behind it.

During excavations on Oak Island, the team has often found clues in areas that had not been paid much attention to before. One such incident happened when, at the beginning of Season 11, the team turned their attention to Lot 5, an area that has been historically significant.

During their excavations, they found pieces of old pottery shards made of red clay that date back to the 1600s. If the dating is correct, it means that there was human activity here long before the Money Pit story began. Now the question arises — who was there at that time? Were they just passing through, or did they come to hide something that was later lost to history?

One interesting thing about the excavations at Lot 5 was that the team found several metal objects in that part of the beach — and that too in a place that had been overlooked before. As the metal detectors began to emit signals continuously, the team knew something big was hidden here.

As the search progressed, the team found an iron rod, a decorative metal piece, and a tool that looked like one used in old mines. These things indicated that this area may have seen centuries of activity.

And when some coins were also found during the excavation — one of which was a 13th-century French denier — it became clear that history is quietly buried here, but not erased. Many layers of history are revealed when a small discovery leads to big questions.

An old French coin found in the excavations at Lot 5 was no ordinary find. It may have been a sign that the French were once present here. Some experts have even suggested a connection to the Knights Templar, although there is no definitive evidence of this yet.

Excavations continued at the Money Pit site. When the team extracted wood samples from a depth of 98 to 108 ft, they matched samples from earlier boreholes. This strengthened the belief that there may be a tunnel-like structure below the ground, perhaps the same one that is connected to the Garden Shaft.

Although no gold or silver was found at this stage, the investigation did find traces of a rare and precious metal — palladium — which led to speculation that it may have been used in ancient times to hide or clean a treasure.

Meanwhile, Jari Drayton and her team began scouring the seaside portion of Lot 5 with a metal detector. During the search, some circular patterns were found in the ground. Initially, these appeared to be just normal shapes, but later, experts linked them to a possible activity area. Perhaps there was once a pier for boats or a place of trade.

Now the question is not limited to just treasure — could Oak Island have ever been a center of trade or strategic activities?

These discoveries force us to think that the story here may not be just about buried treasure, but about some much bigger history.

It often happens during excavations that what appears to be an ordinary object at first glance turns out to have great historical significance later on. Something similar happened during the excavation of Lot 5, when Peter and his team were working at a marked place.

As the excavation progressed, Jari Drayton began scanning the place with the help of a handheld metal detector. Soon, they found a long, pointed, and triangular iron object. Looking at its structure, Jari guessed that it could be a cribbing spike used in an old ship or building.

This tool was commonly used in ancient construction techniques, especially to strengthen ships or underground structures.

A little later, another iron object was found — this time, a piece with a round hole large enough to insert a hand into it. Initially, it was not understood what it was, but Jari suspected that it could be the handle of an old scissor.

When it was tested in the lab, this guess turned out to be correct. Its design resembled 16th to 17th-century Spanish scissors. This discovery made one big thing clear — human activity on Oak Island may have begun earlier than we thought.

When you find a foundation or an old wall during an excavation, it’s not just bricks and stones — it’s a glimpse into the thoughts, intentions, and secrets of the time.

While working on Lot 5, the team began to see the shape of a rectangular structure in the ground, which is estimated to date from the 1700s. What makes this discovery even more special is its connection to an older circular structure, which may have been built 100 years earlier.

Helen, the team’s archaeologist, noticed that the foundation had an uneven layer of stone and rubble in the middle — as if it was not built on level ground, but to cover up something hidden.

Further excavations turned up more interesting items, including creamware ceramic plates dating to around 1762 and a fragment of a fine porcelain tea set. These items suggest that it wasn’t just treasure hunters or soldiers who visited, but also someone of high standing and wealthy status who may have come to hide or protect something.

This time, technology also played a big role. An advanced technique called muantomography was used, which makes images of structures under the ground based on their density. With its help, some unknown structures were seen inside the ground near the Money Pit.

One solid object was found at a depth of 65 ft right below the Garden Shaft, and the other two were at a depth of 112 and 230 ft. Looking at the shape and structure of all these, it was clear that these were not natural structures but could be structures made by humans — perhaps something like tunnels or hidden rooms.

Excavations on Oak Island often lead to findings that reinforce previously held theories. This was evident again during the excavations at Lot 5, when the team found something that was completely different from the discoveries made so far.

Part of a rectangular foundation was found here, which, according to preliminary investigations, may date back to the 1700s. But what was most surprising was its association with an older circular structure, which may date back to around 1600.

The question was bound to arise — was this place used repeatedly by different people at different times? And if yes, what was so special about this place?

Helen, the archaeologist of the team, pointed out the uneven stones and debris accumulated in the middle of this foundation. According to her, this did not look like garbage or breakage, but rather it seemed to have been placed there with the purpose of covering or hiding something.

That means this structure was not built just to support a building — but perhaps to hide some secret.

While examining debris from the Garden Shaft, the team found a metal object that looked like an old nail. Its triangular shape and worn edges suggested it may have been part of an old tool — possibly used in the construction of a tunnel, cellar, or underground room.

The discovery further strengthened the belief that there may be real, concrete evidence — not just stories — of hidden structures beneath Oak Island.

In a second investigation around the same time, what was first thought to be a coin turned out to be a 13th-century lead seal. Investigations revealed it may have been linked to British trade, suggesting Oak Island’s story isn’t just about treasure — the site may have been a hotbed of international activity long ago.

The seal was later linked to a company that was involved in transporting military supplies in the 1700s. This raises some new questions: was Oak Island ever used for military or trading operations? And was there any organized, clandestine activity going on there between the 1200s and 1700s?

When objects from different periods are found in the same place, it indicates that people have returned to that place again and again. This was the case at Oak Island’s Lot 5 — an area that may have been a part of human activity not once or twice, but for many generations.

Each object found here — whether it is a rusty nail or a delicate porcelain cup — adds a new layer to the story of Oak Island. These discoveries not only confirm the old stories but also challenge our understanding till date.

Now, Oak Island is being seen not only as a place of treasure, but as a historical crossroads where people have been coming and going for centuries.

As the excavation reached deeper, the picture became clear — this is not just a place of secret tunnels or buried gold. Sometimes, explorers came here. Sometimes, people like engineers, and perhaps even some people whose activities were deliberately hidden.

Each time the drill goes into the ground or a new object is found, it feels as if Oak Island is slowly revealing its secrets. The discovery is no longer just about the team digging there — it has become a story that the whole world is watching, and millions of people are showing interest in it every week.

The depth and complexity of Oak Island make it more than just a simple excavation — it has become a historical document that is slowly being read from beneath the soil.

When ancient foundations, both round and square, are found at a site and from different periods of time, it becomes clear that the land was used not just once but repeatedly as part of a well-thought-out plan. This was the case at Lot 5.

Helen, the team’s lead archaeologist, believed that the circular structure found there may have been a central working area, a storehouse, a security room, or a place where something valuable was hidden. The design made it clear that this was no ordinary structure.

What made the discovery even more interesting was a fine and delicate ceramic cup. This is not the kind of thing ordinary people would have — it suggests that there had once been people who were either influential or were working quietly with a specific purpose.

The picture was now becoming clearer — there must have been someone on Oak Island who was not just a laborer or an explorer, but perhaps a military officer, a high-ranking person, or a member of an organized group.

On one hand, heavy tools were found. On the other hand, such delicate and expensive objects. Together, they were giving a special message — at this place, someone powerful, resourceful, and well-planned was once working.

And such work cannot be done without money and people. The things found here showed that both were present — money and people.