Treasure hunter disappears searching for $2 million in gold

ALBUQUERQUE, N.M. — An antiquities dealer who inspired tens of thousands to search the Rocky Mountains for $2 million in hidden treasure now leads an increasingly desperate mission to find one of his fans.

Forrest Fenn has been flying out in chartered helicopters or planes, searching remote stretches of the upper Rio Grande for any sign of Randy Bilyeu, now missing in the wild for more than three frigid weeks. Fellow treasure hunters also are searching for Bilyeu, who was last seen on Jan. 5 while trying to solve Fenn’s mystery.

“Every time we go out and don’t find Randy it’s discouraging but we’re not going to give up,” Fenn told The Associated Press. “There are still places out there that I want to look.”

Fenn, an eccentric 85-year-old from Santa Fe, has inspired a cult following since his announcement several years ago that he stashed a small bronze chest containing nearly $2 million in gold, jewelry and artifacts somewhere in the Rockies. He dropped clues to its whereabouts in a cryptic poem in his self-published memoir, “The Thrill of the Chase.”

The hidden treasure has inspired thousands to search in vain through remote corners of New Mexico, Yellowstone National Park and elsewhere in the mountains. Treasure hunters share their experiences on blogs and brainstorm about the clues. The mystery has been featured by national media, igniting even more interest.

Fenn gets about 120 emails a day from people looking for his 40-pound box, and believes 65,000 people have searched for the stash, some using family vacations to venture into the woods.

“The hope of finding the treasure is one thing, of course, but there’s a sense of adventure when you get out in the mountains and in the sunshine and the fresh air,” Fenn explained. “One of my motives was to get the kids off the couch and away from the game machine.”

But the search can be risky: Some have forded swollen creeks in Yellowstone and were rescued by rangers. A Texas woman spent a worrisome night in the New Mexico woods after being caught in the dark. Others have been cited for digging on public land, and federal managers have warned treasure hunters not to damage archaeological or biological resources.

No “Fenner” has been in a more dangerous a predicament than Bilyeu, a 54-year-old grandfather who moved to Colorado two years ago to follow this dream.

Family and friends say he bought a raft and set out on Jan. 5 after scouting for two weeks along the river west of Santa Fe. He had a GPS device, a wetsuit and waders, and brought along his little white dog, Leo.

More than a week passed before a worried friend reached out to his ex-wife in Florida, Linda Bilyeu, who filed a missing person’s report on Jan. 14. His raft and dog were found the next day.

Bilyeu left maps with markings in his car that fellow treasure hunters are using to narrow their search. He also left a sandwich, suggesting that he hadn’t planned to be gone long.

The New Mexico Search and Rescue team and state police scanned canyons and mesas along the river by air and on foot, even bringing in dogs to sniff for clues, but suspended their efforts after several days.

“Unfortunately, we just don’t have anything to go on right now,” State Police spokeswoman Sgt. Elizabeth Armijo said. “If someone were to find clothing or footprints or just something that might be indicative of the hiker, then we would have an area to go to. But we just have not found that yet.”

The treasure hunters — led by Fenn — have not given up.

“We know that Randy studied this area very well. He even noted that certain areas were dangerous when the weather was bad and he had done quite a bit of research,” said Sacha Johnston, a treasure hunter helping to coordinate searches. “He wasn’t just randomly kayaking down the Rio Grande one day. He knew where he was going. He had a plan.”

Fenn never meant for his treasure hunt to be easy: His poem points searchers to somewhere beyond “where warm waters halt … in the canyon down … too far to walk … below the home of Brown.”

Getting out would be dicey as well, he wrote: “… from there it’s no place for the meek/The end is ever drawing nigh/There’ll be no paddle up your creek/Just heavy loads and water high.”

This was all supposed to be fun, of course. Now the search for Bilyeu is taking an emotional and physical toll on Fenn, who spends his days organizing, hiring aircraft, and worrying.

His fans stand ready to admonish anyone who dares blame Fenn for Bilyeu’s disappearance, saying they’re all responsible adults.

Fenn, for his part, has issued plenty of warnings, along with more clues. Among them: He says there’s no point to searching in winter, when snow would hide the treasure. He also said “the treasure is hidden higher than 5,000 feet above sea level,” but it isn’t buried, nor in a graveyard, “nor associated with any structure.”

And he has no plans to reveal its location.

“There have been too many people looking,” Fenn said. “It would not be fair to them if we shut the thing down.”

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Local News

Traffic idles while waiting for the lights to change along 33rd Avenue West on Tuesday, April 2, 2024 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Lynnwood seeks solutions to Costco traffic boondoggle

Let’s take a look at the troublesome intersection of 33rd Avenue W and 30th Place W, as Lynnwood weighs options for better traffic flow.

A memorial with small gifts surrounded a utility pole with a photograph of Ariel Garcia at the corner of Alpine Drive and Vesper Drive ion Wednesday, April 10, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Death of Everett boy, 4, spurs questions over lack of Amber Alert

Local police and court authorities were reluctant to address some key questions, when asked by a Daily Herald reporter this week.

The new Amazon fulfillment center under construction along 172nd Street NE in Arlington, just south of Arlington Municipal Airport. (Chuck Taylor / The Herald) 20210708
Frito-Lay leases massive building at Marysville business park

The company will move next door to Tesla and occupy a 300,0000-square-foot building at the Marysville business park.

Logo for news use featuring the municipality of Snohomish in Snohomish County, Washington. 220118
1 dead in motorcycle crash on Highway 522 in Maltby

Authorities didn’t have any immediate details about the crash that fully blocked the highway Friday afternoon.

A memorial with small gifts surrounded a utility pole with a photograph of Ariel Garcia at the corner of Alpine Drive and Vesper Drive ion Wednesday, April 10, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Everett mom charged with first-degree murder in death of son, 4

On Friday, prosecutors charged Janet Garcia, 27, three weeks after Ariel Garcia went missing from an Everett apartment.

Dr. Mary Templeton (Photo provided by Lake Stevens School District)
Lake Stevens selects new school superintendent

Mary Templeton, who holds the top job in the Washougal School District, will take over from Ken Collins this summer.

A closed road at the Heather Lake Trail parking lot along the Mountain Loop Highway in Snohomish County, Washington on Wednesday, July 20, 2023. (Annie Barker / The Herald)
Mountain Loop Highway partially reopens Friday

Closed since December, part of the route to some of the region’s best hikes remains closed due to construction.

Emma Dilemma, a makeup artist and bikini barista for the last year and a half, serves a drink to a customer while dressed as Lily Munster Tuesday, Oct. 25, 2022, at XO Espresso on 41st Street in Everett, Washington. (Ryan Berry / The Herald)
After long legal battle, Everett rewrites bikini barista dress code

Employees now have to follow the same lewd conduct laws as everyone else, after a judge ruled the old dress code unconstitutional.

The oldest known meteor shower, Lyrid, will be falling across the skies in mid- to late April 2024. (Photo courtesy of Pixabay)
Clouds to dampen Lyrid meteor shower views in Western Washington

Forecasters expect a storm will obstruct peak viewing Sunday. Locals’ best chance at viewing could be on the coast. Or east.

AquaSox's Travis Kuhn and Emerald's Ryan Jensen an hour after the game between the two teams on Sunday continue standing in salute to the National Anthem at Funko Field on Sunday, Aug. 25, 2019 in Everett, Wash. (Olivia Vanni / The Herald)
New AquaSox stadium downtown could cost up to $120M

That’s $40 million more than an earlier estimate. Alternatively, remodeling Funko Field could cost nearly $70 million.

Downtown Everett, looking east-southeast. (Chuck Taylor / The Herald) 20191022
5 key takeaways from hearing on Everett property tax increase

Next week, City Council members will narrow down the levy rates they may put to voters on the August ballot.

Everett police officers on the scene of a single-vehicle collision on Evergreen Way and Olivia Park Road Wednesday, July 5, 2023 in Everett, Washington. (Photo provided by Everett Police Department)
Everett man gets 3 years for driving high on fentanyl, killing passenger

In July, Hunter Gidney crashed into a traffic pole on Evergreen Way. A passenger, Drew Hallam, died at the scene.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.