The convoy was heading south from Cuba, where conquistador Hernan Cortes first made land in 1519.
All of the captured were subsequently sacrificed or even eaten over the ensuing months, according to INAH.
When Cortes caught wind of the sacrifices, he ordered troops to go in and destroy the village as an act of revenge.
Archaeology news: Conquistadors slaughtered Aztec town of women and children in revenge act (Image: GETTY)
The Aztec town known as Tecoaque, which , translates to the place where they ate them in the Nahuatl language of the Aztecs (Image: GETTY)
Most of the inhabitants heard the attack was coming and so fled, but this was not before the bones of the sacrificed Spaniards were thrown in to wells, the archaeologists revealed.