fter completing the house on Countess of Warwick's Island, the English listened to a sermon, celebrated communion, and set out for home in a dangerous storm. One ship was lost on the coast of Ireland, but the rest made a safe crossing.

Hundreds of tons of ore were unloaded at several locations in England, but over the following winter, it became apparent that the rock was worthless. As a result, most of the backers of the Company of Cathay lost their investment, Frobisher was in disgrace, and one of the promoters spent time in prison. The entire story of the deception that caused this first major gold-mining fraud in Canadian history, has never been discovered.