Treasure hunters on Oak Island have uncovered a deeply buried iron object and surrounding 17th-century artifacts on Lot 5, suggesting a permanent, functional structure that could finally connect the long-mysterious Money Pit to the Knights Templar, reigniting global excitement and speculation about the island’s centuries-old secrets.

After more than two centuries of relentless searching, the Oak Island mystery has taken a shocking turn with the discovery of a previously unknown site on Lot 5, located just half a mile from the famed Money Pit.

On a crisp morning in May 2025, lead treasure hunter Gary Drayton and his excavation team uncovered a deeply buried iron object, surrounded by fragments of old glass, pottery shards, and a stone foundation, suggesting that this was no random deposit but rather the remnants of a constructed, permanent structure.

The find has immediately reignited speculation about whether the long-elusive treasure of Oak Island could be tied to historical secret societies, particularly the Knights Templar.

The discovery was made during a routine exploration of Lot 5, an area previously thought to be secondary to the Money Pit itself.

According to Drayton, “We knew Lot 5 had potential, but nothing prepared us for this.

The way the iron is embedded, alongside the green glass and ceramic pieces, it’s almost like we’ve stumbled upon a working station for whoever built the Money Pit centuries ago.

” Team members noted that the iron object is approximately ten feet deep, heavily corroded but remarkably intact, and positioned adjacent to a circular stone feature that could indicate a structural or functional purpose.

This setup, combined with the surrounding artifacts, implies that the site may have served as a secondary operational point, possibly used to manage or transport treasure.

Historically, Oak Island has been a puzzle for adventurers, historians, and treasure hunters since the late 1700s, with the Money Pit at the center of dozens of failed excavations, mysterious flooding tunnels, and countless theories involving pirates, colonial expeditions, and lost Templar artifacts.

The Money Pit has often been compared to a bank vault, buried deep with mechanical traps and cryptic clues.

Now, Lot 5 may represent what experts are calling the “bank teller’s station”—a supplementary location that could provide key insight into how the treasure was handled, stored, or hidden before the collapse of structures at the main site.

Notable historian and Oak Island researcher, Dr.

Elizabeth Carrington, weighed in: “If this turns out to be a purpose-built secondary structure, it’s a game-changer.

Many have speculated about the involvement of the Knights Templar or other secretive organizations.

The artifacts found—glass, pottery, and especially the iron object—point to deliberate activity rather than random debris.

It could finally bridge the gap between legend and historical reality.

” Drayton added that the presence of green glass, consistent with seventeenth-century European origins, supports the idea of intentional placement rather than natural deposition.

The discovery has immediate implications for both archaeology and treasure hunting.

Lot 5 is now considered a priority dig site, and the excavation team has mobilized additional equipment to carefully uncover the remaining stone structures.

They are documenting every artifact and layer of soil, aiming to maintain the historical integrity of the site while investigating possible treasure caches.

Advanced scanning technology, including ground-penetrating radar, has revealed more anomalies in the surrounding area, suggesting that the site could extend beyond initial expectations.

Public reaction has been electric.

Online forums and social media have erupted with debate, with enthusiasts speculating wildly on what might be found next.

Some argue the find confirms long-held theories linking the Oak Island treasure to the Templars or the Knights of Malta, while skeptics caution that the site could simply contain mundane historical items, emphasizing that definitive conclusions require careful analysis.

The History Channel, which has documented Oak Island’s ongoing excavation efforts, plans to feature the Lot 5 discovery in a special upcoming episode, promising to reveal exclusive footage and interviews with the excavation team.

Adding to the intrigue, the Lot 5 site contains indications of careful engineering, including a circular stone feature and a possible drainage channel, echoing the elaborate construction methods that have frustrated generations of treasure hunters at the Money Pit.

If connected to the main site, Lot 5 could explain how treasure, heavy materials, or tools were moved and stored, offering long-sought answers to questions that have persisted for over 200 years.

While the discovery is thrilling, the team remains cautious.

Oak Island’s history is littered with setbacks, cave-ins, and unfulfilled promises.

Drayton emphasized the need for careful excavation: “We’ve learned the hard way that rushing can destroy history.

Every stone, every fragment could hold clues that explain how and why the Money Pit exists.

Lot 5 is just the beginning—we have to proceed with precision.”

The find at Lot 5 is now being hailed as potentially one of the most significant Oak Island discoveries in decades, shifting the narrative from the Money Pit alone to a more complex landscape of structures, artifacts, and hidden mechanisms that could finally shed light on this enduring mystery.

For treasure hunters, historians, and fans worldwide, the message is clear: the Oak Island story is far from over, and Lot 5 may hold the key to answers long sought and long debated.

As the team prepares to continue excavations through the summer, the world watches in anticipation, wondering whether this new discovery will unlock secrets that have eluded humanity for over two centuries, or if the island will once again guard its mysteries, hidden beneath layers of earth and legend.