Queen Elizabeth I authorized Martin Frobisher to find the Northwest Passage, and he sailed far north near the Arctic Circle on three expeditions. In 1578, Frobisher tried to establish a colony on Baffin Island, which is the fifth largest island in the world.
However, by the end of summer of 1578, Martin Frobisher abandoned the settlement and returned back to England. Many settlers brought “fool’s gold” back to England and financial support of the Canadian expeditions, for the rest of Queen Elizabeth I’s reign, were abandoned. Shortly after, Queen Elizabeth I chartered an expedition to Newfoundland.