Labrador explorer (5)

I believe the answer is:

cabot

(Other definitions for cabot that I've seen before include "One of two explorers" , "John (Giovanni) -, navigator, explored N. America" , "Sebastian & John -, early navigators" , "famous explorer" , "Italian leader of the 1497 English expedition to the east coast of today's Canada" .)

I've seen this clue in the King Feature Syndicate.

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