Diego de nicuesa biography of martin

This earned the name of Castilla del Oro to the area. All of Tierra Firme, West of the Gulf of Darien, was named Castilla del Oro, while all of the land to the East was named  Nueva Andalusia, which included the North Coast of South America.

It wasn't until 1508,  four years after, that any interest to colonize Tierra Firme was attempted

At that time, there were two Spaniards interested in colonizing Tierra Firme.

Ojeda, lacked the funds to attempt such an enterprise, and joined forces with Juan de la Cosa, who had been with Columbus and others, on voyages to the New World, and had accumulated a small fortune from these exploits.

Nicuesa had the advantage of being richer than Ojeda and a member of the Spanish Court.