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What was ponce de Leon’s reason for exploring

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Ponce de leon was the governer of an island where he heard about a fountain of youth and a lot of gold located in the "New World" and several northern islands.The Spanish government heard about these rumours and sent him to explore. He went in pursuit of a lots of gold (which was located on an island known as Bimini which was the coast of modern day Florida) in 1513.
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