 Its rediscovery has been hailed by archaeologists as the most important find in Canada since the L'Anse aux Meadows rediscovery.Jacques Cartier Island, located on the tip of the Great Northern Peninsula in Newfoundland and Labrador in the town of Quirpon, is said to have been named by Jacques Cartier himself on one of his voyages through the Strait of Belle Isle during the 1530s.The existed, and printed banknotes, between 1861 and 1899 in Lower Canada, then Quebec.