Money Pit Area
The money pit is, of course, one of the most infamous parts of oak island. There are many different stories and theories associated with who, what, when, and why the money pit was constructed. There are also many different accounts of Initial Discovery how the money pit was first discovered, who first discovered it, and how it was constructed.
There are many different theories about the meaning of the inscription on the 90ft Stone. The problem is that the location of the stone is no longer known, and no pictures, tracings, or illustrations of any kind have ever been found of the 90 Foot Stone, so we have no detailed idea of what the stone actually looked like.
An entire page has been devoted to detailing the Boreholes as there have been literally hundreds of boreholes dug on the island in an attempt to better understand what lies beneath the ground. Most of the smaller boreholes lack documentation as they didn't reveal anything notable, however, there certainly are those that have provided significant information such as 10X, C1, H8, and GAL. There is not a specific naming convention to the holes as some as named by position in a grid pattern (H8, H5.5, H5), some are named for the people who chose the location (C1 for Charles Barkhouse, GAL for The Lagina brother's parents, DMT in memory of Craig Tester's son Drake).
Although the money pit is the first "Searcher Shaft", it is certainly not the only shaft. It is estimated that at least 30 other shafts have been dug over the years. What is the difference between a borehole and a searcher shaft? Great question! For the purpose of site organization, a searcher shaft is something that was dug out by man or machine and potentially cribbed with wood to facilitate exploration. A searcher shaft may be round, square, horizontal or verticle. Boreholes, on the other hand, are merely a hole drilled in the ground using a conventional drill, and auger, air high-pressure air, and even sound waves. A borehole may eventually turn into a searcher shaft. Recently, the Lagina team has been using large steel cans and an oscillator to dig holes in the money pit area. Based on the size of these they could easily be considered searcher shafts, but since they are drilled vertically I'm considering them boreholes.
When it was discovered by the Truro Company while digging shaft 3 that the water in the Money Pit (and all other shafts) was seawater, the focus routinely shifted to identifying the source of the water. Since Smith's cove was the closest shoreline to the Money pit, it was the first location searched. It didn't take long until a number of intriguing items were found on the man-made beach at Smith's Cove.
- Why are there Flood Tunnels- It's important to point out that "Flood" tunnels have yet to be proven. A structure appearing to be a series of five finger-like box drains that fed a common central line was found at Smith's Cove, but what it was for is unknown. Of course the common belief is that it was designed to flood out the pit, but that isn't necessarily what it was designed for. It could merely have been a way to filter water to a holding area (money pit) with no treasure at all.
- Couldn't it just be a natural underground water source?- Yes, absolutely, it could be a natural source NOW, but the reason early searchers didn't believe it to be natural is that the orignial constructors would have encountered the same problems as everyone since them, but the construction of the money pit doesn't not appear to have been completely in a hurry. The oak timbers every 10ft and backfill would have taken time. If the original constructors had "accidentally" hit an undergound source they would have been forced out quickly by a great flow of water. It is also entirely possible that flood system and the "Money Pit" are completely unrelated, and it just so happened that when searchers dug out the money pit they encountered the tunnel which had a completely un-related purpose.
- Wouldn't it be easy to find if it were there?- Those that believed they have found any portion of the flood tunnels underground describe it not as a hollow shaft (which could cave in), but more like a french drain filled with large rocks. The theory is that the box drains on the beach were covered in Coconut husk, and then eel grass to filter out the silt, but then the water would be able to travel down what was once a 3'x4' shaft now filled with relatively large boulders (or beach stones) to the desired location. This theory is supported by the lack of beach stones on the boulderless beach, and all over the vicinity that would have been excavated for the box drains in Smith's Cove.
- If not for a booby trap, then what? That of course is the million dollar question. Virtually every theory about what is there has an explanation for why the flood tunnels as well. It's up to each person to determine if and why- since they have not definitively been proven to exist.
Details about the Swamp: Long debated whether the swamp is man-made or natural there are clearly many mysteries to this location. Reviewing the hydrographic layers of the surronding waters it certainly appears that the bottom composition at both the North and South ends of the Swamp are different than the coast line of the rest of the island, but to date nothing definitive has been proven about its age and construction. Fred Nolan found many strange things in the swamp, and the Lagina team is currently doing substantial excavation which they hope will unlock it's mysteries.
- Oak Island Story, pg 5