A new tale of fraud is emerging from research into the Frobisher voyages of the late sixteenth century. An international team of archeologists on Kodlunarn Island in the Canadian Arctic have unraveled the threads of what might have been the first mining scam in North America. Our documentary tells a story of lost sailors, Italian alchemists, metallurgists busy salting mineral samples with gold coins, secret Spanish codes and spies, and court manipulation within Queen Elizabeth’s own inner circle. A tale of deceit and incredible folly off the inhospitable coast of Baffin Island.