It was found years ago by a local fish camp owner who then retired and moved. Many thought it was the confederate gold from Danville. The founder claimed he found nothing but acquired considerable assets, it has been posted many times on this site. There are conf payroll ships near there and blockade runner stories on this site all the time. You will need to research the past threads concerning this. All that I know about this area I read here. I claim no insider knowledge or make any claims to have found anything. Good luck.