This site is of disputed antiquity. If you have any information that could help clarify this site's authenticity, please post below or leave a post in the forum.
In 1915, Wedderspoon described it as "a beehive shaped structure". RCAHMS say that according to local fishermen it is a natural rock formation - and is "similar to others in the area". This is also what they say about the 'circle' in the Pool of Borodil - except in that case they say it's similar to "several others".