From Wikipedia
El Dorado (Spanish for "the golden one") is the name of a Muisca tribal chief who covered himself with gold dust and, as an initiation rite, dived into the lake Guatavita.
Later it became the name of a legendary "Lost City of Gold" that has fascinated - and so far eluded - explorers since the days of the Spanish Conquistadors.
Imagined as a place, El Dorado became a kingdom, an empire, the city of this legendary golden king. Deluded by the legend, Francisco Orellana and Gonzalo Pizarro would depart from Quito in 1541 in a famous and disastrous expedition towards the Amazon Basin; as a result of this, however, Orellana became the first person known to navigate the Amazon River all the way to its mouth.