a link from Yuri's page (also by Yuri):
http://www.trends.ca/~yuku/tran/9h8.htm
"In the Milwaukee Public Museum there is the skull of a mustang excavated in 1936 by W.C. McKern from a mound on Spencer Lake in NW Wisconsin (47BT2), and vouched for by McKern in the _Wisconsin Archaeologist_, Vol. 45, #2 (June 1964), pp. 118-120. Says McKern , 'there remains no reasonable question as to the legitimacy of the horse skull that we found as a burial association placed in the mound by its builders.'"
The mustang skull itself will need to be carbon dated before it's purported age can be considered legitimate. Until then, it must be considered of dubious merit.
That being said, when it finally is carbon dated, if it does turn out to be legitimately pre-columbian, then it is probably one of the most significant finds in archeology.