It is the site of the Mistaken Point Ecological Reserve, which contains one of the most diverse and well-preserved collections of Precambrian fossils known. The site was first discovered in 1967 by S.B. Misra, a graduate student of Memorial University as a part of his thesis work.[1] Misra discovered a fossil, Fractofusus misrai in the reserve in June 1967, which was eventually named after him in 2007.[2]