With the "Bachelor's Delight", the "Cygnet" and various smaller captured Spanish vessels, he would successfully lead an attack with Charles Swan and others on against Panama. Although they planned to attack the Peruvian silver fleet, Spanish officials managed to transfer over 500,000 pesos in two galleons and escorted by three smaller warships which was able to evade the awaiting pirate fleet by sailing in an outwardly westward course. While awaiting the treasure fleet, Davis and the others encountered a Spanish patrol off the coast of Peru on 8 June and were eventually chased by a Spanish fleet to Corba Island.