Discovered at Highborn Cay in the Bahamas in 1965 by sport divers, the shipwreck began to be salvaged with many of the artifacts winding up in the United States. Some of the armaments found their way to the Mariners Museum at Newport News, and a few were acquired by the Smithsonian Institution. Other artifacts found their way into private collections. From 1967 until INA conducted a survey of the site in 1983, the wreck lay forgotten.
INA personnel determined via a test excavation that the ballast mound preserved the bottom of the ship despite the ends of the vessel having been destroyed by the salvors in the 1960s.
Ordinance removed in the 1960s included bombardetas, versos, 18 breach chambers (one still loaded with black powder), shot, and an iron harpoon or spear.
Specific areas of the wreck were targeted for excavation, these included the two ends of the wreck and a cross-section through its middle. Loose ballast stones were recorded and moved and overburden cleared off to reveal not only artifacts, but the remains of the ship itself.
The team uncovered the remains of the ship's keel, keelson, garboards, strakes, floor timbers, and ceiling planking. The post was also found, scarphed to the keel. Additional bow timbers had vanished but rows of nails indicated their original positions in the sand. The mast step was also found as was the master couple, the mid-ship frame at the vessel's widest point.
The mast step had a large mortise for the mast's heel. The step was reinforced laterally by three large timbers set to either side. These were, interestingly, not fastened to underlying frames but simply notched to fit over the stringers lying at their outboard ends.
The positions and types of ordinance on the site pointed to similarities between this vessel and the one excavated by INA at Molasses Reef in the Turks and Caicos. There were no personal effects among the artifacts found. Ceramics of various utilitarian types were excavated, all indicating an early 16th century manufacture. It is possible this is one of the ships lost by Pinzon in 1500.