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The Canadian Grand Banks fishery was closed in 1993. [10] Canada's EEZ currently covers the majority of the Grand Banks except for the lucrative "nose" (eastern extremity, near the Flemish Cap) and "tail" (southern extremity) of the fishing bank. The 1783 Treaty of Paris gave the United States shared rights to fish in these waters, but that ...
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Georges Bank is the most westward of the great Atlantic fishing banks. The now-submerged portions of the North American mainland are comprised in the continental shelf running from the Grand Banks of Newfoundland to Georges. Georges Bank was part of the North American mainland as recently as 12,000 years ago. [1]
The cold Labrador Current and the warm Gulf Stream meet on the Grand Banks, making the area not only one of the richest fishing grounds in the world, but also one of the foggiest areas. [34] The Grand Banks are an area of significant petroleum production with Hibernia, White Rose and Terra Nova oil fields all located there.
Map showing the Flemish Cap at far right. The Flemish Cap is an area of shallow waters in the north Atlantic Ocean centered roughly at 47° north, 45° west or about 563 km (350 miles) east of St. John's, Newfoundland and Labrador. The shallow water is caused by a wide underwater plateau covering an extended area of 42,000 km 2 (12,000 square ...
The Laurentian Slope Seismic Zone is a seismically active area in Atlantic Canada located on the Grand Banks of Newfoundland. It was the epicenter of the 7.2 magnitude 1929 Grand Banks earthquake . [ 1 ]
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A team of divers were sent down to mount a plaque on the ocean bottom in 19 m of water, the first time man had walked upon the surface of the Grand Banks. A 1965 article in the Geological Society of America Bulletin lists their co-ordinates as 46° 25'N 50° 49'W, following an expedition by H.D. Lilly.