It Was An Artificial Beach
Unfortunately, the company ended up giving up soon after they did these things. It failed to drill into the hole any further than that without dealing with the water situation. One of the members of the Truro crew noticed that water would flood into the tunnel when there was a low tide. It is fascinating to learn that the whole beach was man-made. In the past, someone actually tried to put up a dam to prevent the flow of the water. However, it was only destroyed when the area was hit by a storm.
New Efforts By The Oak Island Association
This was not the last time that someone tried to look for the treasure! In 1861, someone else tried to have a go at it. The Oak Island Association attempted to dig more shafts in the hole, also known as the Money Pit. Sadly, their efforts did not bore fruit because the shafts always collapsed thanks to all the water beneath the ground. However, the worst incident involved the bursting of a water pump, which caused the death of a laborer. As you can see, no one was having any luck with the search.