I just copied this information out of the Canadian Encyclopedia. I have to write a 2500 essay on Oak Island for monday at 12:00.
Oak Island, one of over 300 island in MAHONE BA on Nova Scotio`s Atlantic coast, is about 1.6 km lonk and 0.8km wide. It is reputed by legend to be the site of buried treadure, the loot being attributed to varios pirates, including William Kidd, Henry Morgan and Blackbeard, as well as to Inca refugees fleeing from Spanish conquistadores in S America. In 1795, 3 [young]Men discovered a depression in the ground near a huge oak tree and evidence that a block and tacke had been used there. Their diging revealed a filled in shaft with platforms of decayed oak logs at 3m levels. They quit digging after 9m, but in 1804 another group reached the 30m level before the shaft filled up with salt water.Subsequent digs uncovered tunnels conecting the "money pit" with the ocean. A dam buit to solve the problem was destroyed in a storm. Vast sums of money have since been spent in excavations that have cratered the island, and three treasur hunters died in an accident in 1965. Though no treasure has yet been found, a submarine TV camera, lowered into a cavity 60m below the surface in 1971, produced faint images of three chests, a pick and a dismembered hand.
Edward Butts, Canadian Encyclopedia, (c) 1985 Hutig Publishers Ltd.