Neil Peet, acting superintendent of search and rescue, said Monday that the search and rescue workers have exhausted all of the possible search areas.
The boat went out around 3 p.m. Saturday, and was reported overdue close to midnight. The water was choppy at the time.
The search has been hampered at times by patchy fog, but Peet said at least there isn't a lot of wind.
Overnight, and throughout Sunday, search and rescue forces scoured the ocean near Twillingate.
Two coast guard vessels, three coast guard auxiliary vessels, two fast rescue craft, a Cormorant helicopter and a Hercules airplane were involved, as well as a number of privately owned boats.
One of those vessels was the Iceberg Quest tour boat.
"We all know how welcoming the North Atlantic can be, but we also know she can turn from being friendly to being an enemy in an instant," said Capt. Barry Rogers. "You step up to the plate for anything like this at all.
"We cancelled our tours this morning and the 1 o'clock today to go out and try to help out with the recovery. There's a lot of boats - fishing boats and stuff like that - trying to search."
The tragedy happened on the eve of the annual Fish, Fun and Folk Festival, and the week of festivities had been scheduled to kick off Monday night with a fireworks display. Instead, residents held a candlelight vigil for the victims.
The names of those who died had not been released at The Pilot's deadline.
The body of the 10-year-old boy was found around 2:30 a.m. Sunday, near Burnt Island, which is just outside the harbour.
The bodies of the 12-year-old and one of the men were found around noon, about a nautical mile from the island, Peet said.
Searchers have not found the boat.
"We have found a drink cooler and the gas can from the boat, as well as some other debris in the water," Peet said.
"At this point, we're not exactly sure why they were out, but we suspect that it was pleasure boating."
The three bodies recovered were wearing life-jackets. It was believed that the fourth man was also wearing a life-jacket, but Peet said since they've been unable to find him, he may not have been wearing a life jacket.
"It's a very dark day in this town - very dark," said former mayor Calla Guy.
"I visited the home (of the two boys) after church today, and people were just gathering around there and lending a hand where there was help needed."
Guy said the boys were known by pretty much everyone in the small town.
"They were very likable boys; they asked a lot of questions - that type, you know?" she said.
The man who is still missing was reportedly living in Yellowknife, but was home visiting his mother.
jmcleod@thetelegram.com
