Lead Cove may take its name from the lead-grey rock that surrounds the shallow cove. Tradition also tells that Lead Cove may have received its name from one of its earliest settler, Abraham Button, who felt that he had been "led" to this site from Old Perlican in his search for a place to settle.
- 1870 – First house is built by Abraham Button.
- 1874 – Census records eight families in Lead Cove and nearby Sibleys Cove.
- 1901 – The strong Methodist community of Lead Cove has 57 residents.
- 1916 – Cod liver oil factory, established by William Button, is the first commercial activity in Lead Cove.
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