New documentary follows new attempt to find legendary hoard of Inca emperor Atahualpa

Jorge Anhalzer's team discovered an ancient Inca road matching Valverde's map, possibly leading to the lost treasure.

 Ziplining over a dangerous waterfall in Ecuador's Banos Canyon. (photo credit: Ammit Jack. Via Shutterstock)
Ziplining over a dangerous waterfall in Ecuador's Banos Canyon.
(photo credit: Ammit Jack. Via Shutterstock)

A recent expedition in Ecuador's Llanganates Mountains reignited hope in the centuries-long quest to uncover the lost treasure of Inca Emperor Atahualpa. Led by photographer Jorge Juan Anhalzer, a team of nine ventured into the dense region, unearthing clues that could finally lead to the legendary hoard of gold and silver. Anhalzer's expedition was conducted as a documentary project by the Spanish newspaper El País.

For 15 days, Anhalzer and his team navigated previously unknown paths in one of the most inhospitable places in South America, according to La República. The expedition's efforts resulted in the discovery of an ancient Inca road that coincides with the descriptions of the historical map known as the "derrotero de Valverde," which is believed to indicate the path to the lost treasure.

The "Map of Valverde" map, discovered by English botanist Richard Spruce in 1860, has long been considered a critical clue in the search for Atahualpa's treasure. After several arduous days, the team reached a large lagoon in the heart of the Llanganates Mountains. La República reported that according to legend and historical records this is where General Rumiñahui threw the remaining gold to save it from the Spaniards' greed following Atahualpa's execution.

Anhalzer's team confirmed that the area possesses all the necessary elements suggesting the presence of hidden wealth. However, due to lack of resources and logistical limitations, they could not explore the depths of the lake to extract and confirm if the gold is there.

"These findings may change the course of future investigations and expeditions in Ecuadorian lands," stated La República. Although the discovery remains inconclusive, the expedition solidified foundations for future endeavors, bringing renewed optimism to those dedicated to unraveling one of the greatest mysteries of colonial Latin America.

The treasure of Atahualpa has been one of the most sought-after in Latin America, symbolizing both material wealth and the cultural heritage of the Inca Empire.

Atahualpa, the last Inca emperor, was captured by Spanish conquistador Francisco Pizarro in 1532. He promised to fill a room with gold and another with silver as ransom for his freedom. Despite the Incas fulfilling the promise of treasure, Pizarro executed Atahualpa in the Plaza de Armas of Cajamarca on July 26, 1533. Feeling betrayed, General Rumiñahui is said to have hidden the treasure to prevent it from falling into Spanish hands.

According to tradition, Rumiñahui transported the gold to the Llanganates Mountain Range, where he hid it in the dense, forested area. Legends assert that Rumiñahui threw part of the treasure into a lake to safeguard it from the invaders. The estimated worth of Atahualpa's ransom is $232 million for the room of gold and $6 million for the room of silver, as reported by Ámbito Financiero.

Over the centuries, numerous adventurers and explorers have sought the elusive treasure, but it none succeeded.

Stories of past expeditions, both triumphant and tragic, have only intensified interest in the quest. Modern technology and renewed determination may bring researchers closer to uncovering the truth.


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The article was written with the assistance of a news analysis system.