A strange and almost perfect circular island sits near the northeastern edge of Argentina, which is said to float on its own axis in the middle of a swampy marsh.

Called 'The Eye', this mysterious land is surrounded by a tiny channel of clear water and some believe it is camouflage for a massive alien base that lays quietly beneath the surface.

Now, a team of researchers and filmmakers have opened a Kickstarter campaign to help fund their investigation of these bizarre claims, with the hopes of uncovering the mystery of this remote island once and for all.

Scroll down for videos

'The Eye' is an almost perfect circular island land that is surrounded by a tiny channel of clear water and some believe it is camouflage for a massive alien base that lays quietly beneath the surface

WHAT ARE THE DETAILS OF 'THE EYE'? 'The Eye' was spotted by a film crew six months, while they were searching for a place to shoot a documentary. The plugged the coordinates 34°15'07.8'S 58°49'47.4"W and discovered an almost perfect spherical landmass floating in the middle of a tiny channel of water. The team flew to the remote area in order to see the island for themselves. 'The Eye' is about 130 yards in diameter and floats on its own axis. The surrounding channel of water is incredibly clear and cold - something totally unusual in the area. And the land on the island is solid, which is very different from the surrounding swampy marsh. The film crew has yet to state what 'The Eye' is but Scott C Waring from UFO Sightings Daily believes it is hiding an underwater alien base. Advertisement

'We have discovered a mysterious island near the Parana river, which, intriguingly, moves and rotates on its own axis,' Richard Petroni, a hydraulic and civil engineer from New York who is involved in the project, said in a press release.

'Besides, it features a neat circular structure bordered by another perfectly circular streak of water.'

'It's something real and accounts for several supernatural stories bearing connections to UFOs and other paranormal aspects.'

Petroni has teamed up with Argentine film director & producer Sergio Neuspillerm, who made the discovery, as well as tech expert and founder of a telecommunications company, Pablo Martinez,for this journey.

'The Eye' can be found on Google Maps using the coordinates: 34°15'07.8'S 58°49'47.4"W.

It is located in the Parana Delta between the cities of Campana and Zarate in Buenos Aires, Argentina.

The island was first spotted by the film crew six months ago when they were looking for a place to shoot a film covering other paranormal occurrences, such as ghost and alien sightings, in the area.

After the team plugged in the specific coordinates and saw the mysterious spherical landmass on the computer screen, they knew they had to see it with their own eyes.

'When locating this reference in the map we discovered something unexpected that left the film project in the background, we call it 'The Eye',' said Neuspillerm in a video.

Ateam of researchers and filmmakers have opened a Kickstarter campaign to help fund their investigation of these bizarre claims. It was first spotted by the film crew six months ago when they were looking for a place to shoot a film covering other paranormal occurrences, such as ghost and alien sightings, in the area

'The Eye is a circle of land surrounded by a thin channel of water with a diameter of 130 yards.'

'Both circles [the water and land] are so perfect that it is hard to believe that this is a natural formation'.

The team trekked through the marshy surroundings, trying to find an entry point, but were unable to make their way to the island.

Finally, in their second attempt and after eight hours of hiking, they stumbled upon 'The Eye'.

'The Eye' can be found on Google Maps using the coordinates: 34°15'07.8'S 58°49'47.4"W. It is located in the Parana Delta between the cities of Campana and Zarate in Buenos Aires, Argentina

'The place was amazing and extremely strange,' said Neuspillerm.

'We discovered that the water is incredibly clear and cold, something totally unusual in the area.'

'The bottom is hard in contrast to the swampy marshes surrounding it and the center part floats.'

'We don't know over what, but it floats.'

Finally, in their second attempt and after eight hours of hiking, they stumbled upon the thin channel (pictured) that surrounds 'The Eye'. The team found that the floor of the island is hard in contrast to the swampy marshes surrounding it and the center part floats

They also discovered that the water is incredibly clear and cold (pictured), something totally unusual in the area. Now the team is seeking $50,000 via Kickstarter to support their next expedition, which they will to turn into a documentary film.

The locals have their own take of the mysterious island that floats on its own axis – they believe 'a circle inside another circle represents God on Earth'.

Now the team is seeking $50,000 via Kickstarter, in which they have collected $4,557 from 25 backers with 42 more days until the campaign closes.

These funds will be used to support the team's next expedition, which they plan to record their journey and turn it into a documentary film.

'We want to return with a complete scientific expedition having scuba gear, geologists, biologists, ufologists, specialized drones and more, and take samples of the water, soil, plants an all other objects we may find,' said Neuspillerm.

ARGENTINA RESEARCHER FINDS A ‘PERFECT PYRAMID’ UNDER THE PACIFIC OCEAN USING GOOGLE MAPS Deep below the Pacific Ocean lies what one Martian researcher has deemed 'a perfect pyramid'. Using Google Earth, this massive structure appears to be 8.5 miles across and some say it could be a UFO parked underwater or an enormous alien base. Using Google Earth, this massive structure appears to be 8.5 miles across and some say it could be a UFO parked underwater or an enormous alien base. Marcelo Igazusta, a researcher in Argentina, was the first to lay eyes on the mysterious underwater structure, which was discovered last month. Using the coordinates 12 ° 8'1.49 'N 119 ° 35'26.39' W, Igazusta claims to have spotted a beam of light shining from the darkness of the Pacific Ocean just west of Mexico - leading him to this 'monumental discovery'. Scott C Waring, of UFO Sightings Daily, believes this structure is a parked UFO or massive alien base. Waring explains that this 'perfect pyramid' is adjacent to the ancient Mayan and Aztec pyramids in Mexico. Although the ancient pyramids were constructed by humans, but Waring says 'Only aliens could accomplish makings such a massive structure' --referring to the one underwater. Advertisement

'We want to understand The Eye's relation with supernatural stories told by the locals.'

For a $25 pledge, consumers will receive an invitation to watch the documentary online, all the white papers from the test and analysis.

A $5,000 donation secures your spot on the second expedition, but for $10,000, consumers will accompany the team in the first historical expedition to the enigmatic island.

The Eye is a circle of land surrounded by a thin channel of water with a diameter of 130 yards.' 'Both circles [the water and land] are so perfect that it is hard to believe that this is a natural formation

Argentina is known for 'an overabundance of UFO sightings and one alien hunter has picked up this story to express his own views on the bizarre island.

'A floating island has been found not far from Buenos Aires, Argentina on Google Map and it rotates in a circle,' explained UFO Sightings Daily creator Scott C Waring.

'I believe this is how aliens try and hide this particular entrance to their base.'

'The shape is large and circular, big enough to fit a 100 meter UFO through it.'