Skull Lake Cave is north of Ulri Mountain Skyview Tower, and can be entered via the hole in the tall spire in Skull Lake.
Cave Location
Skull Lake Cave is located at 3321, 3424, 0178. It can be entered by going to the piece of sky rubble at 3220, 3626, 0218, on the area northwest of Skull Lake. Stand on the rubble and use Recall on it to go up above, then when it stops going up, glide southeast so you are above the hole in the top of the spire in Skull Lake. Fall into the hole to enter the cave.
Cave Features
There is a pool of water beneath the entrance of the cave, so you can safely dive into it. As you make your way into the cave, Stalkoblins will attack. Farther ahead, there is a wall of boulders. Break it down, and there will be a Stalblin and two Stalkoblins, as well as a Stalnox walking around a stone platform with one of Misko's treasures on it. Defeat the Stalnox, then climb up to Misko's treasure platform and open the treasure chest to get the Fierce Deity Mask.
There is a wall of blue boulders north of Misko's treasure. To the left of the blue boulders, there is a rare ore deposit. Break down the blue boulders and go past where they were, and look at the ceiling to find this cave's Bubbulfrog.