The treasure was allegedly found in 1937 by American businessman and gold prospector Milton Ernest "Doc" Noss.
[1][a] While there have been multiple documented expeditions to the peak, no gold has been officially recorded as being recovered from the site.
[3][b] A 1961 search by the U.S. Army—the peak lies within White Sands Missile Range—was stopped following a request to state officials by Noss's first wife, Ova.
[5] During the 1970s, lawyer F. Lee Bailey represented clients who claimed to know where the treasure was located.
[7] Theories abound on the origins of the alleged treasure, including that it was pilfered from Mexico during the reign of the Austrian puppet Emperor Maximilian, or through collusion between Pancho Villa and Germany prior to World War I.