Cowal before it was the defended medieval homestead of the MacEwens; at first there was a palisaded enclosure, and then a promontory fort with a timber rampart. The remote areas in the north east of Cowal, which were theoretically under the dominion of Clan Lamont, were used by Scottish kings for hunting; indeed, Cowal was the last part of Britain to have wild boar. When King John Balliol was threatened by his rival, Robert de Bruys, Balliol's ally, the king of England, established Henry Percy at Carrick Castle, in the region; likewise Dunoon Castle further south. De Bruys expelled the English
Lake Cowal 238,000 ounces of gold in 2016. The resource is estimated to still contain approximately of gold. The Lake Cowal Gold Mine Project plans to encompass approximately 26.50 square kilometres. One hundred and eight million tonnes of low to medium grade ore would be excavated from an open cut pit 1 km wide and 325 metres deep on the lake shore and partly within the high water level of Lake Cowal to produce an estimated 2.7 million ounces of gold. There was conflict in 2004 between protesters and mining workers over the mining activity taking place on Wiradjuri land. Despite the