Find the old barrel near the ruined chimney and search it for your next clue.
The clue to the treasure reads: Good work, matey! Now ye need to head due east. East up the bluffs, east to the road. Look for the ol' chimney ruins near the side of the road. There you'll find an old barrel with your next clue.
A Clue to Sander's Treasure
Quest Item
Unique
"This torn piece of parchment contains scribbled writing."