Members Portal. This mysterious treasure pit on a Nova Scotia island has a fascinating natural explanation. Filed under Ancient Mysteries , Urban Legends. Skeptoid Podcast November 25, Podcast transcript Subscribe. It began as every boy's dream adventure, like a chapter from Tom Sawyer. On the eastern end of the wooded island he found something out of place: an old wooden tackle block suspended from a heavy branch, and on the ground below, a sunken depression. It didn't take young Daniel long to bring in heavy equipment, in the persons of two friends armed with shovels and the knowledge of old stories that the pirate Captain Kidd may have buried treasure on this part of the coast.