In early 1993, Michael McMurrough of a fledgling company called Diamond Fields Resources was looking for untapped diamond properties to add to the company’s property portfolio. The team, in a helicopter-supported survey, tested samples in the area, but were not encouraged by the low metal content of the weathered rocks exposed at surface. Voisey’s Bay is 35km from Nain, a small town of 1,000 people. In 1985, geologists of the Newfoundland Department of Mines and Energy conducted a survey of one of the most remote parts of Labrador. For context, caribou outnumber people in Labrador by a ratio of 13:1. Labrador is bigger than Great Britain and has over 8,000km of coastline, yet only a population of just 26,700. Labrador is located on the Northeast tip of Quebec in Canada, and it’s in this remote area that the Voisey’s Bay discovery takes place. Discoveries come in all shapes and sizes – but it turns out many of the very best discoveries happen in the most unsuspecting of conditions. The Originsīy its very definition, a discovery is the breakthrough action of finding something of value that no one knew existed. If you like these infographics, then look into buying Jacquie’s book. While some investors recall the sequence of events and the value that was created by Diamond Fields, there are many investors today, both new and old, who are not familiar with the story of Voisey’s Bay.įor this infographic, we have turned to Jacquie McNish’s fabulous book The Big Score, which documents the history of the discovery, biographical elements of Robert Friedland’s life, and the ensuing bidding war between Inco and Falconbridge that led to one of the most spectacular takeovers in mining history. The legendary story of one of Canada’s most significant base metal discoveries happened just before the dawn of the internet era. Presented by: Equitas Resources, “Nickel exploration in Labrador” Preface The Story of Voisey’s Bay: The Discovery (Part 1 of 3)

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