Zed Merrill and Assoc. investigated the mystery of the Neahkahnie Treasure and produced a DVD. Basically, they made a story out of what they gathered. but still left the question of the where the treasure is.
Article telling of the pirates' gold lies near the Neahkahnie, where this article says Hiram Smith was the first treasure full time hunter. He worked the southwest face of the mountain in the1850s.