A year later, he returned to Hispaniola, having found much gold and opportunity. The expedition was deemed a success, and he was named governor of Puerto Rico.
Encouraged by his profits, the Spanish crown instructed Ponce de León to continue settlement of the island and step up gold-mining efforts. He soon returned to Puerto Rico, bringing his wife and children.
Around this time, Ponce de León learned of a Caribbean island called Bimini, on which it was rumored there were miraculous waters purported to be a “fountain of youth.”