The Third Voyage of Martin Frobisher to Baffin Island, 1578

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Martin Frobisher''s third (1578) voyage to Baffin island was the consequence of flawed logic and excessive optimism on the part of the adventurers of the ephemeral ''Company of Cathay''. Their original intention - to find a north-western route to the Far East - had been largely forgotten following the imagined discovery of gold - and silver-bearing ore in Meta Incognita (the Unknown Limits), as Elizabeth I had named the forbidding and icy landscape which Frobisher and seventeen mariners had first sighted two years earlier. This was to be the English nation''s first experience of a ''gold-rush'', and if many refused to be swayed by the promise of an empire to rival that of Spain, others, including the Queen herself and many of her Privy Councillors, allowed their cupidity to override all caution. As the likelihood of future profits was downgraded in successive assays of the mineral samples, the adventurers accepted that a much larger expedition would be required to extract sufficient or