I think that "May 1493" refers to the papal bull "Inter caetera" , which divided the world into two parts, giving the western part of the world (today almost all Americas except a small part of Brazil) to Spain.
At the time, the Americas were not yet mapped by the Europeans, so they did not know whether it was a small island or a huge continent- the correct answer is that the whole Americas have not yet been visited by the Europeans.